Michael J. Brown Sells 15,689 Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) Stock

Euronet Worldwide, Inc. (NASDAQ:EEFTGet Rating) CEO Michael J. Brown sold 15,689 shares of the firm’s stock in a transaction on Friday, November 18th. The stock was sold at an average price of $89.87, for a total value of $1,409,970.43. Following the completion of the transaction, the chief executive officer now directly owns 1,467,763 shares of the company’s stock, valued at $131,907,860.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Euronet Worldwide Stock Down 0.6 %

Euronet Worldwide stock opened at $90.73 on Thursday. Euronet Worldwide, Inc. has a 12-month low of $71.60 and a 12-month high of $149.92. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $4.50 billion, a PE ratio of 29.65 and a beta of 1.36. The firm’s fifty day moving average is $82.66 and its 200 day moving average is $95.72.

Institutional Trading of Euronet Worldwide

Several large investors have recently made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in Euronet Worldwide during the 2nd quarter worth approximately $25,000. Toth Financial Advisory Corp raised its stake in Euronet Worldwide by 125.0% during the 2nd quarter. Toth Financial Advisory Corp now owns 450 shares of the business services provider’s stock worth $45,000 after buying an additional 250 shares during the period. Eagle Bay Advisors LLC raised its stake in Euronet Worldwide by 58.9% during the 2nd quarter. Eagle Bay Advisors LLC now owns 453 shares of the business services provider’s stock worth $46,000 after buying an additional 168 shares during the period. Castle Wealth Management LLC raised its stake in Euronet Worldwide by 658.5% during the 3rd quarter. Castle Wealth Management LLC now owns 622 shares of the business services provider’s stock worth $47,000 after buying an additional 540 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Euronet Worldwide during the 2nd quarter worth approximately $60,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EEFT has been the subject of several recent analyst reports. Truist Financial dropped their price objective on Euronet Worldwide from $130.00 to $100.00 and set a “buy” rating for the company in a research note on Tuesday, October 4th. StockNews.com started coverage on Euronet Worldwide in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Citigroup raised their target price on Euronet Worldwide from $95.00 to $98.00 and gave the company a “buy” rating in a research note on Tuesday, October 25th. Keefe, Bruyette & Woods lowered Euronet Worldwide from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $124.00 to $90.00 in a research note on Sunday, October 9th. Finally, UBS Group lowered their target price on Euronet Worldwide from $174.00 to $158.00 and set a “buy” rating for the company in a research note on Friday, July 29th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus target price of $113.25.

Euronet Worldwide Company Profile

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Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers, and individual consumers worldwide. The company's 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 card outsourcing, card issuing, and merchant acquiring services.

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