Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $124.11 Average Price Target from Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $125.88.

A number of research firms recently weighed in on EEFT. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. Monness Crespi & Hardt raised their price target on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

Insider Activity

In related 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 transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction on Monday, August 5th. The stock was purchased at an average cost 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 disclosure for this purchase can be found here. Insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in EEFT. Quadrant Capital Group LLC boosted its stake in shares of Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after acquiring an additional 250 shares during the last quarter. Norges Bank purchased a new position in Euronet Worldwide during the fourth quarter valued at $54,947,000. UBS Group AG grew its holdings in Euronet Worldwide by 110.5% during the fourth quarter. UBS Group AG now owns 64,970 shares of the business services provider’s stock valued at $6,594,000 after purchasing an additional 34,111 shares during the period. Intech Investment Management LLC increased its position in Euronet Worldwide by 6.7% in the fourth quarter. Intech Investment Management LLC now owns 4,355 shares of the business services provider’s stock worth $442,000 after buying an additional 273 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in shares of Euronet Worldwide by 4.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 21,645 shares of the business services provider’s stock worth $2,197,000 after buying an additional 880 shares during the period. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $100.03 on Wednesday. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $117.66. The firm has a market capitalization of $4.59 billion, a P/E ratio of 17.61 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $100.72 and a two-hundred day simple moving average of $105.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, topping the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The business had revenue of $986.20 million for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm posted $1.84 earnings per share. Euronet Worldwide’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Euronet Worldwide will post 7.86 earnings per share for the current fiscal year.

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.