Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $125.38 Consensus PT from Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned an average rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $125.38.

Several research analysts recently issued reports on EEFT shares. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC cut their target price on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated 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 of the company’s stock, valued at approximately $1,276,095.20. The trade was a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 10.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of EEFT. ABS Direct Equity Fund LLC raised its stake in shares of Euronet Worldwide by 21.8% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 30,000 shares of the business services provider’s stock worth $2,977,000 after buying an additional 5,364 shares during the period. M&T Bank Corp increased its holdings in Euronet Worldwide by 7.0% in the 3rd quarter. M&T Bank Corp now owns 4,245 shares of the business services provider’s stock worth $421,000 after acquiring an additional 279 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Euronet Worldwide during the third quarter worth $212,000. Villanova Investment Management Co LLC lifted its stake in shares of Euronet Worldwide by 12.1% in the third quarter. Villanova Investment Management Co LLC now owns 30,367 shares of the business services provider’s stock worth $3,013,000 after buying an additional 3,274 shares in the last quarter. Finally, Weiss Asset Management LP acquired a new position in Euronet Worldwide during the third quarter worth about $550,000. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 0.3 %

NASDAQ:EEFT opened at $101.88 on Thursday. The company has a 50-day moving average price of $99.43 and a 200-day moving average price of $103.97. The stock has a market cap of $4.48 billion, a price-to-earnings ratio of 14.72 and a beta of 1.46. 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 has a 12 month low of $81.99 and a 12 month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $2.53 EPS. Equities analysts predict that Euronet Worldwide will post 7.87 EPS for the current year.

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.