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 firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 90,288 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $105.13 on Friday. The firm has a 50 day moving average of $100.46 and a 200 day moving average of $103.60. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 0.95 and a beta of 1.46. Euronet Worldwide, Inc. has a 52 week low of $86.51 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted $2.53 EPS. On average, sell-side analysts predict that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EEFT. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC reduced 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. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, Oppenheimer raised their price target on shares of Euronet Worldwide from $121.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, November 25th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors have recently bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in shares of Euronet Worldwide by 45.8% during the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after purchasing an additional 224,982 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Euronet Worldwide in the third quarter valued at about $15,258,000. Hotchkis & Wiley Capital Management LLC boosted its holdings in Euronet Worldwide by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after acquiring an additional 127,240 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after acquiring an additional 113,685 shares during the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Euronet Worldwide during the second quarter valued at about $9,047,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.