Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $126.25 Average PT from Analysts

by · The Markets Daily

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $126.25.

A number of brokerages recently commented on EEFT. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. DA Davidson reissued a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. 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, Oppenheimer reduced their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th.

View Our Latest Analysis on EEFT

Euronet Worldwide Stock Down 0.1 %

Shares of NASDAQ EEFT opened at $99.90 on Friday. Euronet Worldwide has a 1 year low of $91.07 and a 1 year high of $117.66. The firm’s 50-day moving average is $103.36 and its 200-day moving average is $101.76. 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 market capitalization of $4.39 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same period last year, the firm earned $2.53 earnings per share. Equities analysts expect that Euronet Worldwide will post 7.87 EPS for the current year.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. The trade was a 29.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 completion of the transaction, the senior vice president now owns 39,983 shares of the company’s stock, valued at $4,290,575.73. The trade was a 19.03 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock worth $8,780,102 over the last ninety days. Company insiders own 10.50% of the company’s stock.

Institutional Trading of Euronet Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC increased its position in shares of Euronet Worldwide by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock worth $333,039,000 after purchasing an additional 27,254 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after buying an additional 127,240 shares during the last quarter. Van Berkom & Associates Inc. raised its position in Euronet Worldwide by 1.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock worth $105,793,000 after acquiring an additional 14,090 shares in the last quarter. Burgundy Asset Management Ltd. lifted its stake in Euronet Worldwide by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock valued at $79,415,000 after acquiring an additional 10,689 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Euronet Worldwide by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after acquiring an additional 113,685 shares during the period. Institutional investors own 91.60% of the company’s stock.

About Euronet Worldwide

(Get Free Report

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.

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