Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Rating of “Moderate Buy” by Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $125.38.

A number of equities research analysts recently commented on EEFT shares. Monness Crespi & Hardt lifted their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Monday, July 22nd. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the company from $118.00 to $110.00 in a research note on Friday, October 18th. DA Davidson reissued a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Needham & Company LLC decreased their target price on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Oppenheimer began coverage on Euronet Worldwide in a research note on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 target price for the company.

Euronet Worldwide Stock Down 1.7 %

Shares of Euronet Worldwide stock opened at $100.50 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide has a 12 month low of $75.41 and a 12 month high of $117.66. The business has a fifty day simple moving average of $100.42 and a 200 day simple moving average of $104.21. The stock has a market cap of $4.51 billion, a PE ratio of 17.45 and a beta of 1.46.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the firm earned $2.53 earnings per share. Research analysts predict that Euronet Worldwide will post 7.88 EPS for the current year.

Insider Activity

In other news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the acquisition, the director now directly owns 90,000 shares of the company’s stock, valued at $8,447,400. This 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.

Institutional Trading of Euronet Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in Euronet Worldwide during the first quarter worth about $50,000. Covestor Ltd increased its position in Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after buying an additional 348 shares during the last quarter. Summit Securities Group LLC acquired a new position in Euronet Worldwide during the second quarter worth approximately $57,000. GAMMA Investing LLC increased its position in Euronet Worldwide by 69.5% during the second 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. Finally, 1620 Investment Advisors Inc. acquired a new position in Euronet Worldwide during the second quarter worth approximately $80,000. Institutional investors own 91.60% of the company’s stock.

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.