Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $135.00

Euronet Worldwide (NASDAQ:EEFT) had its target price upped by research analysts at Oppenheimer from $121.00 to $135.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 28.05% from the stock’s current price.

A number of other equities analysts also recently weighed in on the company. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. DA Davidson reissued a “buy” rating and issued a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Needham & Company LLC cut their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Finally, Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

Euronet Worldwide Trading Down 1.1 %

NASDAQ:EEFT opened at $105.43 on Monday. Euronet Worldwide has a twelve month low of $86.26 and a twelve month high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average price of $100.15 and a two-hundred day moving average price of $103.64. The company has a market cap of $4.63 billion, a P/E ratio of 15.41 and a beta of 1.46.

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

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now owns 12,440 shares in the company, valued at $1,276,095.20. This trade represents a 24.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. increased its position in Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider’s stock worth $1,793,000 after buying an additional 133 shares during the period. Arizona State Retirement System increased its position in 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 buying 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 buying an additional 143 shares during the period. HighTower Advisors LLC increased its position in Euronet Worldwide by 0.6% during the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider’s stock worth $2,540,000 after buying an additional 158 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock worth $486,000 after buying an additional 170 shares during the period. 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.