Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat.com 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 $127.13.

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

Insider Activity

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the sale, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Ellsworth Advisors LLC purchased a new stake in Euronet Worldwide in the 2nd quarter worth $514,000. Burgundy Asset Management Ltd. increased its stake in shares of Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after purchasing an additional 10,689 shares in the last quarter. Savant Capital LLC raised its position in shares of Euronet Worldwide by 199.3% during the 2nd quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock worth $924,000 after purchasing an additional 5,945 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in shares of Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after purchasing an additional 8,230 shares during the last quarter. Finally, Maverick Capital Ltd. lifted its stake in Euronet Worldwide by 507.8% in the 2nd quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider’s stock valued at $1,544,000 after buying an additional 12,462 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

Shares of EEFT stock opened at $103.39 on Monday. The company’s 50 day moving average is $101.03 and its 200 day moving average is $103.01. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.54 billion, a price-to-earnings ratio of 14.94, a PEG ratio of 0.95 and a beta of 1.44. Euronet Worldwide has a 52-week low of $89.30 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same period in the previous year, the company posted $2.53 EPS. On average, sell-side analysts anticipate 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.