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

Euronet Worldwide, Inc. (NASDAQ:EEFT) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $126.25.

Several analysts recently commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Oppenheimer dropped their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. DA Davidson reissued a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $100.02 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.39 billion, a P/E ratio of 14.45, a P/E/G ratio of 0.95 and a beta of 1.44. The business’s 50 day moving average price is $103.32 and its 200-day moving average price is $101.77. Euronet Worldwide has a 52 week low of $91.07 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same quarter in the previous year, the business earned $2.53 earnings per share. Equities research analysts anticipate that Euronet Worldwide will post 7.87 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares in the company, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 82,910 shares of company stock valued at $8,780,102 in the last ninety days. 10.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Euronet Worldwide

A number of hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC grew its holdings in Euronet Worldwide by 3.4% during the second quarter. Commonwealth Equity Services LLC now owns 6,949 shares of the business services provider’s stock valued at $719,000 after purchasing an additional 227 shares during the period. Natixis Advisors LLC increased its holdings in Euronet Worldwide by 23.5% in the 2nd quarter. Natixis Advisors LLC now owns 114,193 shares of the business services provider’s stock worth $11,819,000 after acquiring an additional 21,756 shares in the last quarter. Arizona State Retirement System raised its stake in Euronet Worldwide by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after acquiring an additional 135 shares during the period. Savant Capital LLC lifted its holdings in Euronet Worldwide by 199.3% during the second quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock valued at $924,000 after purchasing an additional 5,945 shares in the last quarter. Finally, Hahn Capital Management LLC boosted its position in shares of Euronet Worldwide by 33.8% in the second quarter. Hahn Capital Management LLC now owns 107,411 shares of the business services provider’s stock worth $11,117,000 after purchasing an additional 27,113 shares during the period. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

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.