Euronet Worldwide (NASDAQ:EEFT) Given New $135.00 Price Target at Oppenheimer

Euronet Worldwide (NASDAQ:EEFT) had its price objective raised by Oppenheimer from $121.00 to $135.00 in a research note published on Monday morning,Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Other equities analysts also recently issued reports about the company. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. DA Davidson reaffirmed a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Needham & Company LLC dropped their price objective on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $127.13.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $105.18 on Monday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $4.62 billion, a price-to-earnings ratio of 15.20 and a beta of 1.46. Euronet Worldwide has a 1 year low of $86.26 and a 1 year high of $117.66. The firm has a 50 day moving average price of $100.37 and a 200 day moving average price of $103.59.

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 the consensus estimate of $2.92 by $0.11. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period in the previous year, the company earned $2.53 EPS. Sell-side analysts predict that Euronet Worldwide will post 7.87 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Juan Bianchi sold 4,000 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. This trade represents a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction 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 $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 65,431 shares of company stock worth $6,966,057 in the last quarter. 10.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Euronet Worldwide

Several large investors have recently modified their holdings of the stock. Summit Securities Group LLC bought a new position in Euronet Worldwide during the second quarter worth $57,000. GAMMA Investing LLC lifted its position in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after buying an additional 241 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Euronet Worldwide in the 2nd quarter valued at about $80,000. Mendota Financial Group LLC acquired a new position in shares of Euronet Worldwide in the 3rd quarter valued at about $100,000. Finally, Quarry LP grew its position in shares of Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after buying an additional 193 shares during the last quarter. 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.