Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) PT at $125.38

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned an average recommendation of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $125.38.

Several analysts recently weighed in on the company. DA Davidson restated a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Oppenheimer initiated coverage on Euronet Worldwide in a report on Tuesday, October 1st. They issued an “outperform” rating and a $121.00 price objective for the company. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. Needham & Company LLC dropped their price objective on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $103.43 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. Euronet Worldwide has a fifty-two week low of $85.89 and a fifty-two week high of $117.66. The stock has a market capitalization of $4.54 billion, a PE ratio of 14.95 and a beta of 1.46. The business has a fifty day moving average price of $99.70 and a two-hundred day moving average price of $103.86.

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

Insiders Place Their Bets

In other news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The trade was a 24.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Euronet Worldwide

A number of large investors have recently modified their holdings of the company. Headlands Technologies LLC purchased a new stake in shares of Euronet Worldwide in the 1st quarter valued at about $50,000. Covestor Ltd grew its stake in Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after buying an additional 348 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Euronet Worldwide during the 2nd quarter valued at $57,000. GAMMA Investing LLC lifted its position in Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock worth $61,000 after buying an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Euronet Worldwide in the second quarter worth approximately $80,000. 91.60% of the stock is currently owned by institutional investors.

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.