Euronet Worldwide, Inc. (NASDAQ:EEFT) VP Jeffrey B. Newman sold 5,461 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $161.12, for a total value of $879,876.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NASDAQ EEFT traded up $0.09 during midday trading on Tuesday, reaching $161.35. 279,067 shares of the stock traded hands, compared to its average volume of 494,158. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $8.35 billion, a P/E ratio of 30.39, a P/E/G ratio of 1.80 and a beta of 1.16. Euronet Worldwide, Inc. has a one year low of $81.68 and a one year high of $163.11.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Monday, April 29th. The business services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. The firm had revenue of $577.50 million during the quarter, compared to the consensus estimate of $602.73 million. Euronet Worldwide had a return on equity of 24.83% and a net margin of 9.40%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 EPS. As a group, equities analysts predict that Euronet Worldwide, Inc. will post 6.7 EPS for the current fiscal year.

EEFT has been the subject of several recent analyst reports. Piper Jaffray Companies upped their price target on Euronet Worldwide to $159.00 in a research note on Tuesday, March 5th. DA Davidson upped their price target on Euronet Worldwide to $160.00 and gave the stock a “reduce” rating in a research note on Tuesday, March 19th. Wells Fargo & Co upped their price target on Euronet Worldwide from $150.00 to $164.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. They noted that the move was a valuation call. Needham & Company LLC restated a “buy” rating and issued a $160.00 price target (up from $135.00) on shares of Euronet Worldwide in a research note on Monday, February 11th. Finally, SunTrust Banks upped their price target on Euronet Worldwide to $145.00 and gave the stock a “buy” rating in a research note on Monday, February 11th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $145.88.

Several hedge funds and other institutional investors have recently bought and sold shares of EEFT. Vanguard Group Inc boosted its position in Euronet Worldwide by 2.1% during the third quarter. Vanguard Group Inc now owns 4,324,654 shares of the business services provider’s stock worth $433,417,000 after purchasing an additional 87,599 shares during the period. Strs Ohio bought a new position in Euronet Worldwide during the fourth quarter worth about $266,000. Benjamin F. Edwards & Company Inc. boosted its position in Euronet Worldwide by 21.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares during the period. BB&T Securities LLC boosted its position in Euronet Worldwide by 2.9% during the fourth quarter. BB&T Securities LLC now owns 10,111 shares of the business services provider’s stock worth $1,035,000 after purchasing an additional 284 shares during the period. Finally, Optimum Investment Advisors boosted its position in Euronet Worldwide by 39.1% during the fourth quarter. Optimum Investment Advisors now owns 1,600 shares of the business services provider’s stock worth $164,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 99.51% of the company’s stock.

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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's Electronic Financial Transaction (EFT) 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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