Euronet Worldwide’s (EEFT) “Buy” Rating Reiterated at DA Davidson

DA Davidson reaffirmed their buy rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research note issued to investors on Tuesday, Benzinga reports. They currently have a $136.00 price target on the business services provider’s stock.

Several other equities analysts also recently commented on the stock. Needham & Company LLC reaffirmed a buy rating and set a $125.00 price objective on shares of Euronet Worldwide in a research note on Wednesday, September 4th. StockNews.com downgraded shares of Euronet Worldwide from a buy rating to a hold rating in a research note on Friday, August 9th. Monness Crespi & Hardt upped their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a neutral rating in a research note on Monday, July 22nd. Finally, Oppenheimer started coverage on shares of Euronet Worldwide in a research note on Tuesday, October 1st. They set an outperform rating and a $121.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $125.33.

Euronet Worldwide Stock Up 1.8 %

Shares of NASDAQ:EEFT opened at $98.21 on Tuesday. Euronet Worldwide has a 52-week low of $73.84 and a 52-week high of $117.66. The firm has a fifty day moving average of $100.17 and a 200 day moving average of $104.92. The firm has a market capitalization of $4.41 billion, a PE ratio of 17.05 and a beta of 1.46. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.21. The company had revenue of $986.20 million during 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 quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. As a group, research analysts anticipate that Euronet Worldwide will post 7.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other Euronet Worldwide news, Director Thomas A. Mcdonnell acquired 3,206 shares of the business’s stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the acquisition, the director now owns 90,000 shares in the company, valued at $8,447,400. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Thomas A. Mcdonnell purchased 3,206 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the acquisition, the director now owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Euronet Worldwide

A number of institutional investors have recently made changes to their positions in EEFT. Headlands Technologies LLC purchased a new stake in shares of Euronet Worldwide during the first quarter valued at approximately $50,000. Summit Securities Group LLC purchased a new stake in Euronet Worldwide in the second quarter worth approximately $57,000. Covestor Ltd boosted its holdings in Euronet Worldwide by 174.9% in the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after purchasing an additional 348 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after purchasing an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Euronet Worldwide in the second quarter worth approximately $80,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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.