Euronet Worldwide, Inc. (NASDAQ:EEFT) Director Andrej Olechowski sold 10,276 shares of Euronet Worldwide stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $97.30, for a total value of $999,854.80. Following the transaction, the director now owns 14,355 shares of the company’s stock, valued at $1,396,741.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 98.14 on Wednesday. Euronet Worldwide, Inc. has a 12 month low of $70.51 and a 12 month high of $98.55. The company’s 50-day moving average price is $96.33 and its 200 day moving average price is $88.30. The stock has a market capitalization of $5.16 billion, a PE ratio of 31.68 and a beta of 1.36.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.01. The firm had revenue of $536.60 million during the quarter, compared to the consensus estimate of $513.10 million. Euronet Worldwide had a return on equity of 22.32% and a net margin of 8.23%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. On average, analysts forecast that Euronet Worldwide, Inc. will post $4.55 earnings per share for the current fiscal year.
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Several research analysts recently weighed in on the company. BidaskClub upgraded Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Lake Street Capital reiterated a “buy” rating and set a $99.00 price target (up from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Finally, DA Davidson assumed coverage on Euronet Worldwide in a research report on Wednesday, July 19th. They set a “buy” rating and a $105.00 price target for the company. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Euronet Worldwide has a consensus rating of “Buy” and an average target price of $100.20.
Institutional investors and hedge funds have recently bought and sold shares of the business. Fiduciary Trust Co. purchased a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $122,000. The Manufacturers Life Insurance Company raised its stake in Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 116 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 167 shares during the last quarter. World Asset Management Inc purchased a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $201,000. Finally, Capstone Asset Management Co. purchased a new stake in Euronet Worldwide during the 2nd quarter valued at approximately $206,000. 93.96% of the stock is owned by hedge funds and other institutional investors.
About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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