Kevin J. Caponecchi Sells 52,034 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the sale, the chief executive officer now directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Euronet Worldwide Stock Up 0.1 %

Shares of NASDAQ:EEFT traded up $0.11 on Wednesday, hitting $105.54. 58,351 shares of the company’s stock were exchanged, compared to its average volume of 301,209. The company has a market capitalization of $4.64 billion, a PE ratio of 15.24 and a beta of 1.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. Euronet Worldwide, Inc. has a 1-year low of $86.26 and a 1-year high of $117.66. The firm’s 50-day moving average is $100.26 and its 200 day moving average is $103.58.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period in the prior year, the firm earned $2.53 EPS. Sell-side analysts predict that Euronet Worldwide, Inc. will post 7.87 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. DA Davidson reaffirmed a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Needham & Company LLC cut their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $127.13.

Institutional Trading of Euronet Worldwide

A number of large investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its stake in Euronet Worldwide by 74.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 51,834 shares of the business services provider’s stock valued at $5,698,000 after acquiring an additional 22,064 shares during the last quarter. Tidal Investments LLC raised its stake in shares of Euronet Worldwide by 15.6% during the 1st quarter. Tidal Investments LLC now owns 9,018 shares of the business services provider’s stock worth $991,000 after buying an additional 1,217 shares in the last quarter. Comerica Bank raised its stake in shares of Euronet Worldwide by 22.1% during the 1st quarter. Comerica Bank now owns 23,657 shares of the business services provider’s stock worth $2,601,000 after buying an additional 4,288 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Euronet Worldwide during the 1st quarter worth approximately $173,000. Finally, SG Capital Management LLC raised its stake in shares of Euronet Worldwide by 106.8% during the 1st quarter. SG Capital Management LLC now owns 41,934 shares of the business services provider’s stock worth $4,610,000 after buying an additional 21,654 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.