Euronet Worldwide’s (EEFT) Overweight Rating Reiterated at Stephens

Stephens reissued their overweight rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research report released on Friday,Benzinga reports. The firm currently has a $130.00 price objective on the business services provider’s stock.

Several other equities research analysts also recently commented on EEFT. Oppenheimer lowered their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their target price for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Euronet Worldwide Trading Up 0.7 %

Shares of NASDAQ EEFT opened at $104.64 on Friday. The company’s 50 day simple moving average is $100.82 and its 200 day simple moving average is $100.87. Euronet Worldwide has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The firm has a market capitalization of $4.60 billion, a P/E ratio of 15.12, a P/E/G ratio of 0.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results 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 8.49% and a return on equity of 26.86%. On average, analysts predict that Euronet Worldwide will post 7.85 EPS for the current year.

Insider Activity at Euronet Worldwide

In related news, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction on 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 completion of the transaction, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,910 shares of company stock valued at $8,780,102. Corporate insiders own 10.50% of the company’s stock.

Institutional Trading of Euronet Worldwide

A number of large investors have recently added to or reduced their stakes in EEFT. Proficio Capital Partners LLC acquired a new stake in Euronet Worldwide in the fourth quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of Euronet Worldwide during the 4th quarter worth about $58,000. Covestor Ltd lifted its stake in shares of Euronet Worldwide by 40.9% during the 4th 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 stake in shares of Euronet Worldwide by 15,240.0% during the 4th 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 stake in shares of Euronet Worldwide by 485.6% during the 4th 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. Institutional investors and hedge funds 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.