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

DA Davidson reaffirmed their buy rating on shares of Euronet Worldwide (NASDAQ:EEFTFree Report) in a research note released on Tuesday morning, Benzinga reports. DA Davidson currently has a $136.00 price objective on the business services provider’s stock.

Several other analysts also recently commented on the stock. Needham & Company LLC restated a buy rating and set a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. 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 target price for the company. Monness Crespi & Hardt raised their target price 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, StockNews.com cut shares of Euronet Worldwide from a buy rating to a hold rating in a research note on Friday, August 9th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Euronet Worldwide has an average rating of Moderate Buy and a consensus price target of $125.33.

Check Out Our Latest Report on EEFT

Euronet Worldwide Stock Up 1.8 %

Shares of EEFT stock opened at $98.21 on Tuesday. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 17.05 and a beta of 1.46. Euronet Worldwide has a one year low of $73.84 and a one year high of $117.66. The company’s fifty day moving average price is $100.17 and its 200-day moving average price is $104.92. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.84 EPS. Sell-side analysts expect that Euronet Worldwide will post 7.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Thomas A. Mcdonnell purchased 3,206 shares of the company’s stock in a transaction that occurred on 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 $8,447,400. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Euronet Worldwide

A number of large investors have recently made changes to their positions in EEFT. Headlands Technologies LLC purchased a new position in shares of Euronet Worldwide during the 1st quarter worth about $50,000. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide during the 2nd quarter worth about $57,000. Covestor Ltd boosted its stake in shares of Euronet Worldwide by 174.9% during the 1st 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 period. GAMMA Investing LLC boosted its stake in shares of Euronet Worldwide by 69.5% during the 2nd 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 period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Euronet Worldwide during the 2nd quarter worth about $80,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

About Euronet Worldwide

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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