Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) PT at $126.25

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have received a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $126.25.

Several equities research analysts recently commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. 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 report on Thursday, December 19th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. DA Davidson reaffirmed a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $118.00 to $110.00 in a research report on Friday, October 18th.

Insiders Place Their Bets

In related news, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. This trade represents a 36.56 % 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 valued at $8,780,102 in the last quarter. 10.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in EEFT. Oppenheimer & Co. Inc. grew its position in Euronet Worldwide by 0.7% during the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock valued at $1,793,000 after acquiring an additional 133 shares during the period. Arizona State Retirement System grew its holdings in shares of Euronet Worldwide by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock worth $1,260,000 after purchasing an additional 135 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Euronet Worldwide by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after purchasing an additional 143 shares in the last quarter. HighTower Advisors LLC raised its holdings in Euronet Worldwide by 0.6% in the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock valued at $2,540,000 after buying an additional 158 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Euronet Worldwide by 3.6% during the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after buying an additional 170 shares in the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Up 0.9 %

Shares of Euronet Worldwide stock opened at $102.01 on Friday. The company has a 50-day moving average of $103.32 and a two-hundred day moving average of $101.89. Euronet Worldwide has a 12-month low of $91.07 and a 12-month high of $117.66. 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 stock has a market cap of $4.48 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

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

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.