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

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $127.13.

A number of research firms have weighed in on EEFT. DA Davidson reissued a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday. Oppenheimer lifted their target price on Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, November 25th. Finally, Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the company from $118.00 to $110.00 in a research report on Friday, October 18th.

Euronet Worldwide Trading Up 0.1 %

EEFT stock opened at $103.46 on Monday. The business’s 50-day moving average is $101.63 and its 200 day moving average is $102.80. Euronet Worldwide has a 12-month low of $91.07 and a 12-month high of $117.66. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.95 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

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

Insider Buying and Selling at Euronet Worldwide

In related news, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the sale, the chief executive officer now directly owns 52,370 shares in the company, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm’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. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock valued at $8,780,102 in the last three months. 10.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Euronet Worldwide

A number of large investors have recently modified their holdings of EEFT. Summit Securities Group LLC acquired a new stake in Euronet Worldwide in the second quarter valued at $57,000. 1620 Investment Advisors Inc. acquired a new position in shares of Euronet Worldwide in the 2nd quarter valued at $80,000. Mendota Financial Group LLC purchased a new position in shares of Euronet Worldwide in the 3rd quarter valued at $100,000. Headlands Technologies LLC raised its stake in Euronet Worldwide by 131.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock worth $110,000 after acquiring an additional 605 shares in the last quarter. Finally, Quarry LP lifted its position in Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 193 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

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.