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 the business’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly 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 filing with the SEC, which is available at this link.

Euronet Worldwide Trading Down 0.2 %

NASDAQ EEFT opened at $105.18 on Friday. The stock has a market cap of $4.62 billion, a PE 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 company’s 50-day moving average price is $100.37 and its 200-day moving average price is $103.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period in the prior year, the firm earned $2.53 EPS. Equities research analysts forecast that Euronet Worldwide, Inc. will post 7.87 earnings per share for the current year.

Institutional Investors Weigh In On Euronet Worldwide

Hedge funds have recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of Euronet Worldwide in the second quarter valued at about $57,000. GAMMA Investing LLC increased its position in Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares during the period. 1620 Investment Advisors Inc. purchased a new position in Euronet Worldwide during the 2nd quarter valued at about $80,000. Mendota Financial Group LLC bought a new stake in shares of Euronet Worldwide in the 3rd quarter valued at about $100,000. Finally, Headlands Technologies LLC lifted its position in shares of Euronet Worldwide by 131.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock worth $110,000 after purchasing an additional 605 shares during the period. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer increased their price target on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Needham & Company LLC lowered their target price on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average 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.