Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $127.00 Consensus Price Target from Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research 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 objective among brokerages that have issued ratings on the stock in the last year is $127.00.

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

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $102.46 on Friday. The company has a market cap of $4.50 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43. 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 1.25 and a debt-to-equity ratio of 0.92. The firm’s 50-day simple moving average is $100.79 and its two-hundred day simple moving average is $101.29.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. Research analysts predict that Euronet Worldwide will post 9.11 earnings per share for the current year.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 10.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Proficio Capital Partners LLC bought a new position in shares of Euronet Worldwide during the 4th quarter valued at approximately $28,000. R Squared Ltd bought a new stake in Euronet Worldwide in the fourth quarter worth $58,000. Covestor Ltd lifted its position in Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock worth $73,000 after buying an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock worth $79,000 after buying an additional 762 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock worth $88,000 after buying an additional 709 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

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.