The CEO & President of EWI Inc. of Euronet Worldwide (EEFT) is Buying Shares

Yesterday, the CEO & President of EWI Inc. of Euronet Worldwide (EEFT), Michael J Brown, bought shares of EEFT for $1.76M.

Following Michael J Brown’s last EEFT Buy transaction on November 29, 2018, the stock climbed by 9.8%. Following this transaction Michael J Brown’s holding in the company was increased by 6.16% to a total of $227 million.

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The company has a one-year high of $167.64 and a one-year low of $61.27. Currently, Euronet Worldwide has an average volume of 744.05K. EEFT’s market cap is $6.7 billion and the company has a P/E ratio of 247.40.

Three different firms, including Northland Securities and Needham, currently also have a Buy rating on the stock. Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $128.80, reflecting a -2.2% downside.

In the last 30 days, insiders have sold $12.55M worth of EEFT shares and purchased $3.33M worth of EEFT shares.

Michael J Brown’s trades have generated a -2.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Euronet Worldwide, Inc. engages in the provision of electronic payment and transaction processing solutions for financial institutions, retailers, service providers and individual consumers. It operates through the following business segments: EFT Processing, Epay and Money Transfer. The EFT Processing sgement focuses in 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. The Epay segment offers prepaid mobile airtime and other electronic content and payment processing services for various prepaid products, cards and services throughout its worldwide distribution network. The Money Transfer segment refers to money transfer services, primarily under the brand names Ria, AFEX Money Express, and IME, and global account-to-account money transfer services under the brand names HiFX and xe. The company was founded by Daniel R. Henry and Michael J. Brown in 1994 and is headquartered in Leawood, KS.

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