Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $125.38.

Several brokerages recently weighed in on EEFT. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. DA Davidson reaffirmed a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Oppenheimer assumed coverage on shares of Euronet Worldwide in a report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 target price for the company. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th.

Euronet Worldwide Price Performance

EEFT stock opened at $103.78 on Thursday. The firm has a 50 day moving average price of $99.39 and a 200-day moving average price of $103.99. Euronet Worldwide has a 52-week low of $81.95 and a 52-week high of $117.66. The firm has a market capitalization of $4.56 billion, a price-to-earnings ratio of 15.00 and a beta of 1.46. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last posted its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the firm posted $2.53 EPS. Equities research analysts forecast that Euronet Worldwide will post 7.87 EPS for the current fiscal year.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the business’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 transaction, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 10.50% of the stock is currently owned by company insiders.

Institutional Trading of Euronet Worldwide

Large investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in Euronet Worldwide by 0.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after acquiring an additional 27,254 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Euronet Worldwide by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock valued at $152,900,000 after purchasing an additional 15,837 shares during the last quarter. Van Berkom & Associates Inc. lifted its holdings in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock valued at $105,793,000 after purchasing an additional 14,090 shares during the last quarter. Burgundy Asset Management Ltd. lifted its holdings in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock valued at $79,415,000 after purchasing an additional 10,689 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Euronet Worldwide by 17.7% in 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 buying an additional 113,685 shares during the last quarter. Hedge funds and other 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.