Euronet Worldwide, Inc. (EEFT) CEO Sells $1,595,269.26 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Juan Bianchi sold 18,126 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 9,534 shares in the company, valued at $839,087.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) opened at 87.88 on Tuesday. The company has a market capitalization of $4.61 billion, a PE ratio of 27.39 and a beta of 1.25. Euronet Worldwide, Inc. has a 52-week low of $65.33 and a 52-week high of $90.23. The stock’s 50 day moving average price is $85.78 and its 200-day moving average price is $80.49.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. Euronet Worldwide had a return on equity of 22.77% and a net margin of 8.70%. The company had revenue of $473.40 million for the quarter, compared to analyst estimates of $464.08 million. On average, analysts expect that Euronet Worldwide, Inc. will post $4.53 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of EEFT. Bank of Montreal Can raised its position in shares of Euronet Worldwide by 55.5% in the first quarter. Bank of Montreal Can now owns 50,659 shares of the business services provider’s stock valued at $4,332,000 after buying an additional 18,089 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at about $939,000. State Board of Administration of Florida Retirement System raised its position in shares of Euronet Worldwide by 0.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 52,892 shares of the business services provider’s stock valued at $3,831,000 after buying an additional 161 shares during the last quarter. Norges Bank acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at about $28,977,000. Finally, Janus Capital Management LLC raised its position in shares of Euronet Worldwide by 2.5% in the fourth quarter. Janus Capital Management LLC now owns 2,915,922 shares of the business services provider’s stock valued at $211,200,000 after buying an additional 70,087 shares during the last quarter. Institutional investors own 94.45% of the company’s stock.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Evercore ISI restated a “buy” rating on shares of Euronet Worldwide in a research report on Tuesday, March 14th.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:EEFT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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