Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Rating of “Moderate Buy” from Analysts

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given a consensus recommendation of “Moderate Buy” by the eleven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $124.11.

Several analysts recently commented on EEFT shares. Monness Crespi & Hardt raised their price target on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $125.00 price target on shares of Euronet Worldwide in a research report on Monday, July 22nd. DA Davidson lifted their target price on shares of Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research report on Friday, May 17th.

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Euronet Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in shares of Euronet Worldwide by 1.2% in the first quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock worth $152,900,000 after buying an additional 15,837 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in Euronet Worldwide by 1.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock worth $105,793,000 after purchasing an additional 14,090 shares during the period. Burgundy Asset Management Ltd. raised its stake in Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after purchasing an additional 10,689 shares during the period. Dimensional Fund Advisors LP raised its stake in Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after purchasing an additional 113,685 shares during the period. Finally, New South Capital Management Inc. raised its stake in Euronet Worldwide by 16.2% during the second quarter. New South Capital Management Inc. now owns 625,677 shares of the business services provider’s stock worth $64,758,000 after purchasing an additional 87,258 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Down 0.8 %

EEFT stock opened at $97.06 on Tuesday. The firm has a market cap of $4.45 billion, a PE ratio of 17.09 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.33 and a current ratio of 1.19. The firm’s fifty day moving average is $104.01 and its 200 day moving average is $106.81. Euronet Worldwide has a one year low of $73.84 and a one year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.04 by $0.21. The company had revenue of $986.20 million for the quarter, compared to analyst estimates of $1.09 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $1.84 earnings per share. On average, research analysts forecast that Euronet Worldwide will post 7.9 EPS for the current year.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.