Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $126.25 Average Price Target from Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $126.25.

Several research firms have issued reports on EEFT. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. DA Davidson reissued a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now directly owns 90,288 shares in the company, valued at $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction on Monday, December 9th. The stock was 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 owns 52,370 shares in the company, valued at $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock worth $8,780,102 in the last ninety days. 10.50% of the stock is owned by corporate insiders.

Institutional Trading of Euronet Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC grew its position in Euronet Worldwide by 121.3% during the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after purchasing an additional 523 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $100,000. Quarry LP boosted its stake in shares of 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 buying an additional 193 shares in the last quarter. Daiwa Securities Group Inc. acquired a new position in Euronet Worldwide during the third quarter worth $109,000. Finally, Headlands Technologies LLC raised its position in Euronet Worldwide by 131.8% in the second 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. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Up 0.9 %

Shares of EEFT opened at $102.01 on Friday. Euronet Worldwide has a 52-week low of $91.07 and a 52-week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The stock has a fifty day simple moving average of $103.32 and a two-hundred day simple moving average of $101.89. The company has a market capitalization of $4.48 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the business earned $2.53 earnings per share. As a group, equities analysts forecast that Euronet Worldwide will post 7.87 EPS for the current 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.