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

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Rating) CEO Michael J. Brown sold 15,689 shares of Euronet Worldwide stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $89.87, for a total value of $1,409,970.43. Following the completion of the sale, the chief executive officer now directly owns 1,467,763 shares in the company, valued at approximately $131,907,860.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT traded up $1.91 during midday trading on Tuesday, reaching $91.31. The company's stock had a trading volume of 225,629 shares, compared to its average volume of 480,643. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.50 and a current ratio of 1.50. Euronet Worldwide, Inc. has a fifty-two week low of $71.60 and a fifty-two week high of $149.92. The business's 50 day moving average price is $82.55 and its two-hundred day moving average price is $95.91. The company has a market cap of $4.53 billion, a P/E ratio of 29.22 and a beta of 1.36.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EEFT. DA Davidson reduced their price target on Euronet Worldwide from $170.00 to $140.00 and set a "buy" rating for the company in a report on Thursday, October 6th. UBS Group reduced their price target on Euronet Worldwide from $174.00 to $158.00 and set a "buy" rating for the company in a report on Friday, July 29th. Wolfe Research cut Euronet Worldwide from an "outperform" rating to a "peer perform" rating in a report on Friday, July 29th. Keefe, Bruyette & Woods cut Euronet Worldwide from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $124.00 to $90.00 in a report on Sunday, October 9th. Finally, Citigroup boosted their price objective on Euronet Worldwide from $95.00 to $98.00 and gave the stock a "buy" rating in a report on Tuesday, October 25th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $113.25.

Institutional Investors Weigh In On Euronet Worldwide


A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC acquired a new position in Euronet Worldwide during the second quarter valued at approximately $25,000. Toth Financial Advisory Corp raised its position in Euronet Worldwide by 125.0% during the second quarter. Toth Financial Advisory Corp now owns 450 shares of the business services provider's stock valued at $45,000 after purchasing an additional 250 shares in the last quarter. Eagle Bay Advisors LLC raised its position in Euronet Worldwide by 58.9% during the second quarter. Eagle Bay Advisors LLC now owns 453 shares of the business services provider's stock valued at $46,000 after purchasing an additional 168 shares in the last quarter. Castle Wealth Management LLC increased its holdings in shares of Euronet Worldwide by 658.5% during the third 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 in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Euronet Worldwide during the second quarter worth $60,000. 93.29% of the stock is currently owned by institutional investors and hedge funds.

About Euronet Worldwide

(Get Rating)

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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