Michael J. Brown Sells 13,413 Shares of Euronet Worldwide, Inc. (EEFT) Stock

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Euronet Worldwide, Inc. (NASDAQ:EEFT) CEO Michael J. Brown sold 13,413 shares of the firm’s stock in a transaction dated Tuesday, October 30th. The stock was sold at an average price of $109.98, for a total value of $1,475,161.74. Following the completion of the transaction, the chief executive officer now directly owns 1,460,620 shares in the company, valued at $160,638,987.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of EEFT stock traded up $3.04 during trading hours on Wednesday, reaching $111.18. 600,100 shares of the company traded hands, compared to its average volume of 569,091. Euronet Worldwide, Inc. has a 12-month low of $70.67 and a 12-month high of $120.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.68 billion, a P/E ratio of 25.68, a PEG ratio of 1.53 and a beta of 1.42.

Several hedge funds have recently bought and sold shares of the company. Financial Counselors Inc. purchased a new position in shares of Euronet Worldwide during the 3rd quarter valued at about $238,000. Perpetual Ltd lifted its position in shares of Euronet Worldwide by 11.9% during the 3rd quarter. Perpetual Ltd now owns 128,026 shares of the business services provider’s stock valued at $12,831,000 after buying an additional 13,644 shares in the last quarter. Pembroke Management LTD lifted its position in shares of Euronet Worldwide by 13.1% during the 3rd quarter. Pembroke Management LTD now owns 294,969 shares of the business services provider’s stock valued at $29,562,000 after buying an additional 34,124 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Euronet Worldwide by 6.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 15,653 shares of the business services provider’s stock valued at $1,568,000 after buying an additional 900 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Euronet Worldwide by 2,553.7% during the 3rd quarter. First Trust Advisors LP now owns 112,676 shares of the business services provider’s stock valued at $11,292,000 after buying an additional 108,430 shares in the last quarter. 99.68% of the stock is currently owned by hedge funds and other institutional investors.

EEFT has been the topic of several research reports. Wells Fargo & Co reissued an “outperform” rating and issued a $150.00 target price on shares of Euronet Worldwide in a research report on Tuesday, October 2nd. ValuEngine raised Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, October 2nd. William Blair raised Euronet Worldwide from a “market perform” rating to an “outperform” rating in a research report on Monday, October 1st. DA Davidson raised their target price on Euronet Worldwide from $114.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, October 4th. Finally, SunTrust Banks raised their target price on Euronet Worldwide to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $128.88.

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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