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

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $122.56.

A number of analysts have recently weighed in on EEFT shares. DA Davidson restated a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Needham & Company LLC reissued a “buy” rating and set a $125.00 target price on shares of Euronet Worldwide in a research report on Wednesday, September 4th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $118.00 to $110.00 in a research report on Friday. Finally, Oppenheimer started coverage on Euronet Worldwide in a report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 target price on the stock.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $98.66 on Friday. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 17.37 and a beta of 1.46. The company’s fifty day moving average is $100.52 and its 200-day moving average is $104.55. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. Euronet Worldwide has a 12 month low of $75.41 and a 12 month high of $117.66.

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, beating the consensus estimate 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 analyst estimates of $1.09 billion. During the same period last year, the company earned $1.84 earnings per share. The business’s revenue was up 5.0% compared to the same quarter last year. Equities analysts expect that Euronet Worldwide will post 7.88 EPS for the current fiscal year.

Insider Transactions at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell bought 3,206 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired 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 owns 90,000 shares of the company’s stock, valued at $8,447,400. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the firm’s 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 owns 12,440 shares in the company, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction dated Monday, August 5th. The stock was bought at an average price of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Euronet Worldwide

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Headlands Technologies LLC bought a new stake in Euronet Worldwide in the first quarter valued at $50,000. Summit Securities Group LLC bought a new stake in shares of Euronet Worldwide in the 2nd quarter worth about $57,000. Covestor Ltd increased its position in shares of Euronet Worldwide by 174.9% during the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after purchasing an additional 348 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Euronet Worldwide by 69.5% during the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Euronet Worldwide in the second quarter valued at about $80,000. Institutional investors 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.