Euronet Worldwide, Inc. (EEFT) CFO Rick Weller Sells 40,000 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) CFO Rick Weller sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $120.31, for a total transaction of $4,812,400.00. Following the transaction, the chief financial officer now directly owns 33,944 shares of the company’s stock, valued at $4,083,802.64. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of NASDAQ EEFT traded down $6.54 during trading on Thursday, hitting $109.72. 569,538 shares of the company traded hands, compared to its average volume of 495,043. Euronet Worldwide, Inc. has a 1 year low of $70.67 and a 1 year high of $121.93. The stock has a market capitalization of $5.99 billion, a PE ratio of 25.34, a P/E/G ratio of 1.66 and a beta of 1.06. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.55.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 18th. The business services provider reported $2.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.04 by $0.05. Euronet Worldwide had a net margin of 6.02% and a return on equity of 24.13%. The company had revenue of $714.50 million during the quarter, compared to analysts’ expectations of $709.33 million. Equities research analysts expect that Euronet Worldwide, Inc. will post 5.25 EPS for the current fiscal year.

Several analysts have commented on the stock. BidaskClub raised shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 27th. Citigroup assumed coverage on shares of Euronet Worldwide in a research note on Tuesday, October 9th. They issued a “buy” rating and a $135.00 target price for the company. DA Davidson lifted their target price on shares of Euronet Worldwide from $114.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, October 4th. SunTrust Banks lifted their target price on shares of Euronet Worldwide to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, October 3rd. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and issued a $150.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Euronet Worldwide presently has a consensus rating of “Buy” and an average price target of $128.88.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Glen Harbor Capital Management LLC grew its stake in shares of Euronet Worldwide by 89.9% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 27,440 shares of the business services provider’s stock valued at $2,299,000 after buying an additional 12,992 shares during the period. Boston Partners acquired a new position in shares of Euronet Worldwide during the 2nd quarter valued at $3,036,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Euronet Worldwide during the 2nd quarter valued at $3,786,000. Coe Capital Management LLC lifted its holdings in shares of Euronet Worldwide by 38.4% during the 2nd quarter. Coe Capital Management LLC now owns 12,135 shares of the business services provider’s stock valued at $1,017,000 after acquiring an additional 3,365 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Euronet Worldwide by 31.9% during the 3rd quarter. Bank of Montreal Can now owns 37,264 shares of the business services provider’s stock valued at $3,734,000 after acquiring an additional 9,022 shares in the last quarter.

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About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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