Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $124.11.

A number of research analysts have recently issued reports on EEFT shares. Citigroup boosted their price target on shares of Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. Needham & Company LLC restated a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a report on Monday, July 22nd. Monness Crespi & Hardt upped their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd. Finally, StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, August 9th.

Euronet Worldwide Trading Up 0.9 %

EEFT opened at $107.91 on Friday. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.33. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 19.00 and a beta of 1.45. The company’s 50 day moving average price is $102.29 and its two-hundred day moving average price is $106.89.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The firm had revenue of $986.20 million for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the firm posted $1.84 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Euronet Worldwide will post 7.9 earnings per share for the current year.

Insider Transactions at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell acquired 3,206 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the transaction, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Euronet Worldwide

Several hedge funds have recently bought and sold shares of the stock. First Horizon Advisors Inc. lifted its holdings in shares of Euronet Worldwide by 26.4% in the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock worth $51,000 after acquiring an additional 105 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of 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 acquiring an additional 135 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Euronet Worldwide by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after acquiring an additional 143 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after acquiring an additional 169 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in shares of Euronet Worldwide by 1.9% in the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock worth $1,178,000 after acquiring an additional 200 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.