Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Juan Bianchi sold 18,126 shares of Euronet Worldwide stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total value of $1,595,269.26. Following the completion of the sale, the chief executive officer now owns 9,534 shares of the company’s stock, valued at $839,087.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Euronet Worldwide, Inc. (EEFT) traded down 1.24% during trading on Friday, reaching $87.61. 282,569 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $85.63 and a 200 day moving average price of $80.27. The company has a market capitalization of $4.59 billion, a P/E ratio of 27.31 and a beta of 1.25. Euronet Worldwide, Inc. has a 12-month low of $65.33 and a 12-month high of $90.23.
Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.73. The company had revenue of $473.40 million for the quarter, compared to analyst estimates of $464.08 million. Euronet Worldwide had a return on equity of 22.77% and a net margin of 8.70%. Equities analysts expect that Euronet Worldwide, Inc. will post $4.53 EPS for the current fiscal year.
Several analysts recently weighed in on EEFT shares. Evercore ISI restated a “buy” rating on shares of Euronet Worldwide in a report on Tuesday, March 14th. Zacks Investment Research downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Monday, May 1st.
A number of large investors have recently bought and sold shares of EEFT. William Blair Investment Management LLC bought a new stake in Euronet Worldwide during the first quarter worth about $71,781,000. Villere ST Denis J & Co. LLC raised its stake in Euronet Worldwide by 96.7% in the first quarter. Villere ST Denis J & Co. LLC now owns 911,973 shares of the business services provider’s stock worth $77,991,000 after buying an additional 448,300 shares in the last quarter. Janus Capital Management LLC raised its stake in Euronet Worldwide by 15.3% in the first quarter. Janus Capital Management LLC now owns 3,361,668 shares of the business services provider’s stock worth $287,489,000 after buying an additional 445,746 shares in the last quarter. Norges Bank bought a new stake in Euronet Worldwide during the fourth quarter worth about $28,977,000. Finally, Ameriprise Financial Inc. raised its stake in Euronet Worldwide by 67.2% in the first quarter. Ameriprise Financial Inc. now owns 617,953 shares of the business services provider’s stock worth $52,847,000 after buying an additional 248,256 shares in the last quarter. 94.46% of the stock is currently owned by 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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