Euronet Worldwide, Inc. (NASDAQ:EEFT) Short Interest Up 5.2% in November

Euronet Worldwide, Inc. (NASDAQ:EEFT) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 1,210,000 shares, an increase of 5.2% from the November 15th total of 1,150,000 shares. Based on an average trading volume of 277,400 shares, the days-to-cover ratio is currently 4.4 days. Currently, 3.0% of the company’s shares are short sold.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the sale, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock valued at $8,780,102 over the last quarter. 10.50% of the stock is owned by company insiders.

Institutional Trading of Euronet Worldwide

Several large investors have recently modified their holdings of the company. Summit Securities Group LLC purchased a new stake in Euronet Worldwide during the second quarter valued at approximately $57,000. 1620 Investment Advisors Inc. bought a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $80,000. Mendota Financial Group LLC bought a new stake in shares of Euronet Worldwide during the 3rd quarter valued at $100,000. Quarry LP increased its stake in shares of Euronet Worldwide by 21.6% in the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in Euronet Worldwide in the 3rd quarter worth $109,000. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT traded down $0.21 during midday trading on Tuesday, reaching $106.35. 370,213 shares of the company’s stock traded hands, compared to its average volume of 297,959. Euronet Worldwide has a one year low of $91.07 and a one year high of $117.66. The stock has a 50 day moving average of $101.84 and a 200 day moving average of $102.62. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of 0.95 and a beta of 1.44. 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 (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the prior year, the business earned $2.53 EPS. As a group, equities research analysts anticipate that Euronet Worldwide will post 7.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on EEFT shares. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer boosted their target price on Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a report on Monday, November 25th. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $127.13.

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.