LEAWOOD, Kan.—Nikos Fountas, CEO of Euronet Worldwide 's (NASDAQ:EEFT) EFT EMEA Division, executed significant stock transactions recently. The $4.57 billion market cap company, which InvestingPro analysis indicates is currently trading below its Fair Value, has shown strong financial health with a P/E ratio of 14.3x. On December 9, Fountas sold 21,479 shares of Euronet common stock, netting approximately $2.22 million. The shares were sold at a price range between $103.13 and $103.94.
In addition to the sales, Fountas exercised stock options to acquire 21,479 shares at a price of $56.24 per share, totaling approximately $1.21 million. Following these transactions, Fountas holds 52,370 shares of the company's stock directly.
These transactions were disclosed in a Form 4 filing with the Securities and Exchange Commission.
In other recent news, Euronet Worldwide, a prominent financial technology solutions and payments company, announced a strong third-quarter performance with record revenues of $1.1 billion. The company also experienced an 11% year-over-year increase in adjusted earnings per share, with leadership expressing confidence in achieving full-year adjusted EPS growth of 10% to 15%.
In addition to its financial performance, Euronet has made significant strides in its growth strategy, focusing on digital expansion and strategic partnerships. Notably, the company has made substantial investments in the REN payments platform, Dandelion cross-border payments, and merchant acquiring.
In analyst news, Oppenheimer increased the price target for Euronet Worldwide to $135, reflecting a positive outlook on the company's growth prospects. The firm's analysis suggests a 31% upside potential for Euronet's stock and reiterates its Outperform rating.
In other company developments, Euronet recently expanded its board by appointing Brad Sprong, a former partner at KPMG. Sprong's appointment is seen as a strategic move to strengthen the board's skill set and align with the company's commitment to board refreshment. These are among the recent developments that underscore Euronet's commitment to growth and its ability to adapt to the evolving financial landscape.
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