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.
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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