Kevin J. Caponecchi, CEO of the epay and APAC Division at Euronet Worldwide , Inc. (NASDAQ:EEFT), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Caponecchi sold a total of 52,034 shares of Euronet Worldwide common stock, generating proceeds of approximately $5.5 million. The shares were sold at prices ranging from $106.57 to $106.71.
In addition to the sales, Caponecchi exercised stock options to acquire shares at various prices, including $56.24, $74.72, and $73.72, totaling approximately $3.65 million in value. Following these transactions, Caponecchi now directly owns 90,288 shares of Euronet Worldwide.
These transactions reflect Caponecchi's ongoing involvement and investment in Euronet Worldwide, a company known for its services related to depository banking. Investors often monitor such filings to gauge insider sentiment and potential future performance of the company.
In other recent news, Euronet Worldwide has been making notable strides in its financial performance and growth prospects. The company reported a strong Q3 performance with record revenues of $1.1 billion and an adjusted earnings per share (EPS) of $3.03, marking an 11% increase year-over-year. Euronet's leadership also expressed confidence in achieving full-year adjusted EPS growth of 10% to 15%, with year-to-date adjusted EPS already up 17% from the previous year.
Furthermore, Oppenheimer has increased the price target for Euronet to $135, up from the previous target of $121, while maintaining an Outperform rating on the stock. This adjustment suggests a 31% upside potential for Euronet's stock, based on the evaluation of the company's three business segments. The firm's analysis indicates Euronet's performance in 2025 to be robust, with low double-digit growth in adjusted EBITDA.
These recent developments reflect a positive outlook on the company's growth prospects, driven by factors such as the recovery of European travel, expansion of ATM networks in new markets, growth in Money Transfer agent locations, and robust partnerships in the epay segment. Euronet's diversification strategy and investments in platforms like REN payments and Dandelion cross-border payments are expected to contribute to its long-term stability and continued revenue growth.
InvestingPro Insights
To provide additional context to Kevin J. Caponecchi's recent stock transactions, it's worth examining some key financial metrics and analyst insights for Euronet Worldwide (NASDAQ:EEFT).
According to InvestingPro data, Euronet Worldwide has a market capitalization of $4.65 billion and is currently trading at a P/E ratio of 14.53. This relatively low P/E ratio, especially when compared to the company's near-term earnings growth potential, suggests that the stock might be undervalued. In fact, an InvestingPro Tip highlights that EEFT is trading at a low P/E ratio relative to its near-term earnings growth, which could be of interest to value-oriented investors.
The company's revenue for the last twelve months as of Q3 2023 stood at $3.9 billion, with a healthy revenue growth of 8.46% over the same period. This growth trajectory is further supported by another InvestingPro Tip, which notes that 8 analysts have revised their earnings upwards for the upcoming period, potentially signaling positive expectations for the company's financial performance.
It's also noteworthy that management has been aggressively buying back shares, as indicated by another InvestingPro Tip. This could be interpreted as a sign of confidence in the company's future prospects and may help support the stock price.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights beyond those mentioned here. In fact, there are 5 more InvestingPro Tips available for Euronet Worldwide, which could provide further valuable information for those considering an investment in the company.
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