Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been assigned an average recommendation of “Moderate Buy” from the ten brokerages 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 brokers that have issued ratings on the stock in the last year is $127.00.

A number of equities research analysts have weighed in on EEFT shares. Oppenheimer lowered their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods lifted their target price on Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a research report on Friday, February 14th.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is owned by company insiders.

Institutional Trading of Euronet Worldwide

Several hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in Euronet Worldwide by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock valued at $340,955,000 after acquiring an additional 16,220 shares in the last quarter. Janus Henderson Group PLC raised its stake in Euronet Worldwide by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider’s stock valued at $142,575,000 after acquiring an additional 20,805 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in Euronet Worldwide by 21.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock valued at $112,743,000 after acquiring an additional 190,453 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Euronet Worldwide by 13.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after buying an additional 127,240 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Euronet Worldwide by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock worth $84,512,000 after buying an additional 24,569 shares in the last quarter. Institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $105.72 on Wednesday. Euronet Worldwide has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The business has a 50 day moving average price of $100.18 and a two-hundred day moving average price of $101.02. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The firm has a market cap of $4.62 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Sell-side analysts expect that Euronet Worldwide will post 9.11 earnings per share for the current fiscal 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.