The company is so far trading up from yesterday’s close of $88.76. Company shares last traded at $91.10 a tad higher than $86.41, the stock’s 50 day moving average and a bit higher than the 200 day moving average of $81.22. The 50 day moving average was up $4.58 or +5.302% whereas the 200 day moving average was up $9.78 or +12.039%.
Here is the rundown on market activity for Euronet Worldwide, Inc. (NASDAQ:EEFT). CEO, Money Transfer Division Juan Bianchi sold 42,707 shares at an average price of $88.03 on Thu the 8th. That brings Bianchi’s holdings to $465,591 per an SEC filing yesterday. Nikos Fountas, CEO EFT EMEA Division sold $18,744 worth of shares at an average price of $73.22 on Mon the 19th. Fountas now owns $1,069,744 of stock as reported to the SEC.
Nikos Fountas, CEO EFT EMEA Division disclosed the sale of 296 shares of EEFT stock. The shares were sold on December 14th for an average price of $73.47. Fountas now owns $1,092,205 of the stock per the Form 4 SEC filing.
Euronet Worldwide, Inc. (Euronet), launched on December 13, 1996, 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; software solutions; electronic distribution of prepaid mobile airtime and other electronic payment products, and global money transfer services. The Company operates in three segments: EFT Processing Segment, which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services; epay Segment, which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products, cards and services, and Money Transfer Segment, which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX..
These firms have also modified their investment in EEFT. Baird Financial Group, Inc. cut its ownership by shedding 106,722 shares a decrease of 16.1%. Baird Financial Group, Inc. controls 558,126 shares valued at $47,731,000. The value of the position overall is down by 0.9%. Columbia Partners L L C Investment Management downsized its investment by selling 96,410 shares a decrease of 87.8% in the quarter. Columbia Partners L L C Investment Management owns 13,421 shares worth $1,147,000. The total value of its holdings decreased 85.6%.
Fny Partners Fund Lp trimmed its position by shedding 3,716 shares a decrease of 88.1% as of 03/31/2017. Fny Partners Fund Lp now holds 500 shares with a value of $42,000. The value of the position overall is up by 4,100.0%. Tower Research Capital LLC (trc) reduced its stake by shedding 457 shares a decrease of 95.2% from 06/30/2016 to 03/31/2017. Tower Research Capital LLC (trc) claims 23 shares worth $2,000. The value of the position overall is down by 93.9%.
Equity analyst SunTrust Robinson Humphrey began coverage of the stock by announcing an initial rating of “Buy”. On June 10 the company was rated “Neutral” according to a Monness Crespi Hardt report which is down from the previous “Buy” rating.
On February 11 the stock rating was upgraded from “Underperform” to “Market Outperform” by Avondale Partners. On January 20, 2016 Northland Securities began coverage with a rating of “Outperform”.
On December 23, 2015 the stock rating was set at “Buy” by Monness Crespi Hardt which was a boost from the previous “Neutral” rating. On July 30 the company was downgraded to “Neutral” from “Buy” by analysts at Monness Crespi Hardt.
The company’s P/E ratio is 28.365 and market capitalization is 4.77B. As of the latest earnings report the EPS was $3.21 and is projected to be $4.52 for the current year with 52,430,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $1.58 with next year’s EPS projected to be $5.12.