Insider Selling: Euronet Worldwide (NASDAQ:EEFT) Insider Sells $24,850.35 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) insider Adam Godderz sold 345 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $72.03, for a total value of $24,850.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Euronet Worldwide Stock Down 0.2%

Shares of EEFT stock opened at $69.87 on Thursday. The stock has a 50 day moving average of $70.68 and a 200 day moving average of $72.65. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.29. The stock has a market cap of $2.66 billion, a P/E ratio of 10.08, a P/E/G ratio of 0.55 and a beta of 0.83. Euronet Worldwide, Inc. has a twelve month low of $63.73 and a twelve month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, April 29th. The business services provider reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.16. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $969.68 million. Euronet Worldwide had a return on equity of 28.37% and a net margin of 7.15%.Euronet Worldwide’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the business earned $1.13 earnings per share. Euronet Worldwide has set its FY 2026 guidance at 10.570-11.050 EPS. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.83 EPS for the current year.

Wall Street Analysts Forecast Growth

EEFT has been the subject of several recent research reports. Weiss Ratings cut Euronet Worldwide from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, April 2nd. DA Davidson cut their price objective on Euronet Worldwide from $112.00 to $102.00 and set a “buy” rating for the company in a research report on Tuesday, April 14th. Needham & Company LLC boosted their price objective on Euronet Worldwide from $80.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Keefe, Bruyette & Woods cut their price objective on Euronet Worldwide from $85.00 to $75.00 and set a “market perform” rating for the company in a research report on Friday, February 13th. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $95.00.

Institutional Trading of Euronet Worldwide

A number of institutional investors have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in shares of Euronet Worldwide in the third quarter worth approximately $42,813,000. Vanguard Group Inc. boosted its stake in shares of Euronet Worldwide by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 3,767,279 shares of the business services provider’s stock worth $286,728,000 after acquiring an additional 26,416 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Euronet Worldwide by 933.8% in the fourth quarter. Bank of Montreal Can now owns 1,993,682 shares of the business services provider’s stock worth $151,739,000 after acquiring an additional 1,800,837 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Euronet Worldwide by 29.7% in the third quarter. American Century Companies Inc. now owns 1,741,996 shares of the business services provider’s stock worth $152,965,000 after acquiring an additional 399,263 shares during the last quarter. Finally, Reinhart Partners LLC. boosted its stake in shares of Euronet Worldwide by 24.9% in the fourth quarter. Reinhart Partners LLC. now owns 1,348,340 shares of the business services provider’s stock worth $102,623,000 after acquiring an additional 268,542 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

About Euronet Worldwide

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.