Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Martin L. Bruckner Sells 9,397 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at $4,290,575.73. This represents a 19.03 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Euronet Worldwide Stock Down 0.2 %

EEFT opened at $105.18 on Friday. The business has a 50 day moving average price of $100.37 and a 200 day moving average price of $103.59. Euronet Worldwide, Inc. has a twelve month low of $86.26 and a twelve month high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $4.62 billion, a P/E ratio of 15.20 and a beta of 1.46.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EEFT. Summit Securities Group LLC acquired a new position in shares of Euronet Worldwide during the second quarter worth approximately $57,000. GAMMA Investing LLC increased its position in shares of Euronet Worldwide by 69.5% during the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of Euronet Worldwide during the second quarter valued at approximately $80,000. Mendota Financial Group LLC bought a new stake in shares of Euronet Worldwide during the third quarter valued at approximately $100,000. Finally, Quarry LP increased its position in shares of Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

About Euronet Worldwide

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.