Euronet Worldwide, Inc. (EEFT) CEO Sells $2,444,250.00 in Stock
Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 25,000 shares of Euronet Worldwide stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $97.77, for a total value of $2,444,250.00. Following the transaction, the chief executive officer now directly owns 1,486,118 shares in the company, valued at $145,297,756.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Michael J. Brown also recently made the following trade(s):
- On Friday, July 27th, Michael J. Brown sold 25,000 shares of Euronet Worldwide stock. The shares were sold at an average price of $93.27, for a total value of $2,331,750.00.
EEFT traded up $0.12 on Tuesday, hitting $97.92. 449,300 shares of the company’s stock traded hands, compared to its average volume of 550,642. The company has a market capitalization of $4.99 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 1.42 and a beta of 1.47. Euronet Worldwide, Inc. has a one year low of $70.67 and a one year high of $101.07. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.36.
A number of institutional investors and hedge funds have recently modified their holdings of EEFT. Psagot Investment House Ltd. bought a new stake in Euronet Worldwide during the 1st quarter valued at approximately $142,000. Mount Yale Investment Advisors LLC bought a new stake in Euronet Worldwide in the 1st quarter worth approximately $166,000. Essex Investment Management Co. LLC bought a new stake in Euronet Worldwide in the 2nd quarter worth approximately $207,000. Fiduciary Trust Co. bought a new stake in Euronet Worldwide in the 1st quarter worth approximately $211,000. Finally, Hartford Investment Management Co. bought a new stake in Euronet Worldwide in the 2nd quarter worth approximately $213,000. 99.45% of the stock is currently owned by institutional investors.
A number of research firms have recently weighed in on EEFT. ValuEngine cut Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. BidaskClub raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, June 22nd. Zacks Investment Research cut Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Wednesday, July 11th. Needham & Company LLC initiated coverage on Euronet Worldwide in a research report on Thursday, May 10th. They set a “buy” rating and a $100.00 price objective on the stock. Finally, MED initiated coverage on Euronet Worldwide in a research note on Thursday, July 26th. They set an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Euronet Worldwide has an average rating of “Buy” and a consensus price target of $109.44.
About Euronet Worldwide
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.
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