Euronet Worldwide (NASDAQ:EEFT) Receives New Coverage from Analysts at Oppenheimer

Analysts at Oppenheimer assumed coverage on shares of Euronet Worldwide (NASDAQ:EEFT) in a research report issued to clients and investors on Tuesday, Briefing.com reports. The brokerage set an “outperform” rating and a $121.00 price target on the business services provider’s stock. Oppenheimer’s target price suggests a potential upside of 21.94% from the stock’s previous close.

EEFT has been the subject of a number of other reports. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research report on Wednesday, September 4th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Monness Crespi & Hardt upped their price target on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $125.33.

Euronet Worldwide Trading Down 0.8 %

EEFT opened at $99.23 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 17.47 and a beta of 1.46. The business has a fifty day moving average price of $100.64 and a 200 day moving average price of $105.59. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The company had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $1.84 earnings per share. Euronet Worldwide’s quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts expect that Euronet Worldwide will post 7.86 earnings per share for the current fiscal year.

Insider Activity

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Thomas A. Mcdonnell acquired 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The shares were purchased at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now directly owns 90,000 shares of the company’s stock, valued at approximately $8,447,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The disclosure for this sale can be found here. Insiders own 10.50% of the company’s stock.

Institutional Trading of Euronet Worldwide

A number of large investors have recently modified their holdings of EEFT. Ophir Asset Management Pty Ltd bought a new position in Euronet Worldwide in the 4th quarter worth approximately $31,186,000. Wasatch Advisors LP grew its stake in shares of Euronet Worldwide by 51.2% in the fourth quarter. Wasatch Advisors LP now owns 579,334 shares of the business services provider’s stock worth $58,797,000 after purchasing an additional 196,161 shares in the last quarter. Lazard Asset Management LLC grew its stake in shares of Euronet Worldwide by 6,250.4% in the first quarter. Lazard Asset Management LLC now owns 141,932 shares of the business services provider’s stock worth $15,602,000 after purchasing an additional 139,697 shares in the last quarter. Kodai Capital Management LP increased its holdings in shares of Euronet Worldwide by 57.9% during the first quarter. Kodai Capital Management LP now owns 369,209 shares of the business services provider’s stock valued at $40,587,000 after purchasing an additional 135,416 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after purchasing an additional 113,685 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.