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

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Kevin J. Caponecchi sold 52,034 shares of the company’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 sale, the chief executive officer now directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Euronet Worldwide Trading Down 0.2 %

NASDAQ:EEFT opened at $105.18 on Thursday. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 15.20 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 business has a fifty day moving average of $100.26 and a 200-day moving average of $103.58.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data 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. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter in the prior year, the company posted $2.53 earnings per share. Equities analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in Euronet Worldwide by 22.2% during the third quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider’s stock worth $3,359,000 after purchasing an additional 6,154 shares in the last quarter. Tidal Investments LLC increased its position in shares of Euronet Worldwide by 10.8% during the 3rd quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider’s stock valued at $714,000 after purchasing an additional 704 shares during the period. McIlrath & Eck LLC raised its stake in shares of Euronet Worldwide by 16.2% in the 3rd quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider’s stock worth $146,000 after buying an additional 206 shares in the last quarter. ABS Direct Equity Fund LLC lifted its holdings in shares of Euronet Worldwide by 21.8% in the third quarter. ABS Direct Equity Fund LLC now owns 30,000 shares of the business services provider’s stock valued at $2,977,000 after buying an additional 5,364 shares during the period. Finally, M&T Bank Corp boosted its stake in Euronet Worldwide by 7.0% during the third quarter. M&T Bank Corp now owns 4,245 shares of the business services provider’s stock valued at $421,000 after buying an additional 279 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. DA Davidson restated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Needham & Company LLC cut their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Oppenheimer boosted their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.13.

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.