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 Euronet Worldwide stock in a transaction dated 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 transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Euronet Worldwide Stock Down 0.2 %

EEFT stock opened at $105.18 on Friday. The company has a market capitalization of $4.62 billion, a P/E ratio of 15.20 and a beta of 1.46. Euronet Worldwide, Inc. has a 12 month low of $86.26 and a 12 month high of $117.66. The firm’s fifty day simple moving average is $100.37 and its 200-day simple moving average is $103.59. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly 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. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate 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 last year, the firm earned $2.53 EPS. As a group, equities research analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. grew its stake in shares of Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after purchasing an additional 133 shares during the period. Arizona State Retirement System increased its holdings in Euronet Worldwide by 1.1% in the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock valued at $1,260,000 after buying an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after acquiring an additional 143 shares during the period. HighTower Advisors LLC boosted its stake in shares of Euronet Worldwide by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after acquiring an additional 158 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after acquiring an additional 170 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EEFT has been the topic of a number of analyst reports. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Needham & Company LLC dropped 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. Citigroup cut 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 note on Friday, October 18th. Finally, DA Davidson restated a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Three investment 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.