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

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have received an average rating of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $125.38.

EEFT has been the subject of several analyst reports. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Needham & Company LLC reduced their target price on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Oppenheimer initiated coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 target price for the company. Finally, DA Davidson reissued a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th.

Insider Activity at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of the 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 transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $1,276,095.20. This represents a 24.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of EEFT. Oppenheimer & Co. Inc. grew its holdings in shares of Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after purchasing an additional 133 shares during the last quarter. Arizona State Retirement System increased its stake in Euronet Worldwide by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after purchasing an additional 135 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock valued at $243,000 after purchasing an additional 143 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of Euronet Worldwide by 0.6% during the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after purchasing an additional 158 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Euronet Worldwide by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock worth $486,000 after purchasing an additional 170 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $101.88 on Thursday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm has a fifty day simple moving average of $99.43 and a two-hundred day simple moving average of $103.97. Euronet Worldwide has a 12 month low of $81.99 and a 12 month high of $117.66. The firm has a market capitalization of $4.48 billion, a PE ratio of 14.72 and a beta of 1.46.

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, beating 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 company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the company earned $2.53 earnings per share. Analysts forecast that Euronet Worldwide will post 7.87 EPS 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.