Oppenheimer Issues Pessimistic Forecast for Euronet Worldwide (NASDAQ:EEFT) Stock Price

Euronet Worldwide (NASDAQ:EEFT) had its price objective reduced by stock analysts at Oppenheimer from $135.00 to $128.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price objective indicates a potential upside of 23.47% from the company’s current price.

A number of other analysts have also weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson reaffirmed a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Finally, Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Four investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.25.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $103.67 on Thursday. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 14.98, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The business has a 50-day moving average of $102.29 and a 200 day moving average of $102.54. Euronet Worldwide has a 12 month low of $91.07 and a 12 month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data 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 business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same quarter last year, the firm posted $2.53 earnings per share. As a group, sell-side analysts forecast that Euronet Worldwide will post 7.87 earnings per share for the current year.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the sale, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock worth $8,780,102 over the last 90 days. 10.50% of the stock is owned by insiders.

Institutional Trading of Euronet Worldwide

A number of large investors have recently made changes to their positions in EEFT. Summit Securities Group LLC acquired a new stake in Euronet Worldwide during the 2nd quarter worth $57,000. Mendota Financial Group LLC acquired a new stake in shares of Euronet Worldwide during the third quarter worth about $100,000. Quarry LP boosted its stake in shares of Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after buying an additional 193 shares during the period. Daiwa Securities Group Inc. purchased a new position in shares of Euronet Worldwide during the third quarter worth about $109,000. Finally, Headlands Technologies LLC increased its position in Euronet Worldwide by 131.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 605 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

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.