Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Nikos Fountas sold 20,789 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $96.72, for a total transaction of $2,010,712.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Euronet Worldwide, Inc. (EEFT) traded down 0.91% during trading on Friday, hitting $95.19. 139,525 shares of the stock traded hands. The firm has a 50 day moving average price of $92.92 and a 200-day moving average price of $86.08. The company has a market cap of $5.00 billion, a PE ratio of 30.73 and a beta of 1.34. Euronet Worldwide, Inc. has a one year low of $70.51 and a one year high of $97.92.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm had revenue of $536.60 million for the quarter, compared to analyst estimates of $513.10 million. During the same period in the prior year, the firm posted $0.97 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. Analysts anticipate that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in Euronet Worldwide by 0.3% in the second quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock valued at $503,000 after buying an additional 15 shares during the period. Renaissance Group LLC raised its stake in Euronet Worldwide by 0.9% in the second quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock valued at $338,000 after buying an additional 36 shares during the period. American Century Companies Inc. raised its stake in Euronet Worldwide by 1.9% in the second quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock valued at $434,000 after buying an additional 94 shares during the period. NGAM Advisors L.P. raised its stake in Euronet Worldwide by 0.3% in the second quarter. NGAM Advisors L.P. now owns 29,932 shares of the business services provider’s stock valued at $2,616,000 after buying an additional 95 shares during the period. Finally, Utah Retirement Systems raised its stake in Euronet Worldwide by 1.1% in the second quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock valued at $804,000 after buying an additional 100 shares during the period. 93.95% of the stock is currently owned by hedge funds and other institutional investors.
EEFT has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Lake Street Capital initiated coverage on shares of Euronet Worldwide in a research report on Monday, June 26th. They issued a “buy” rating and a $96.00 price objective for the company. DA Davidson started coverage on shares of Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, BidaskClub raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $100.20.
Euronet Worldwide Company Profile
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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