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

Euronet Worldwide (NASDAQ:EEFT) had its target price lifted by Oppenheimer from $121.00 to $135.00 in a report released on Monday,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the company. DA Davidson reissued a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Needham & Company LLC lowered their target price on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

Euronet Worldwide Trading Down 0.2 %

Shares of EEFT opened at $105.18 on Monday. Euronet Worldwide has a 12-month low of $86.26 and a 12-month high of $117.66. The firm has a market capitalization of $4.62 billion, a P/E ratio of 15.20 and a beta of 1.46. The firm has a 50-day moving average price of $100.37 and a 200 day moving average price of $103.59. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the prior year, the business posted $2.53 earnings per share. Sell-side analysts forecast that Euronet Worldwide will post 7.87 EPS for the current 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 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 sale, the chief executive officer now directly owns 12,440 shares in the company, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares in the company, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 65,431 shares of company stock valued at $6,966,057 over the last ninety days. Corporate insiders own 10.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its position in Euronet Worldwide by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock worth $333,039,000 after purchasing an additional 27,254 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Euronet Worldwide by 1.2% during the first quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock worth $152,900,000 after buying an additional 15,837 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Euronet Worldwide by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after buying an additional 127,240 shares during the last quarter. Van Berkom & Associates Inc. lifted its stake in shares of Euronet Worldwide by 1.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock valued at $105,793,000 after buying an additional 14,090 shares during the period. Finally, Burgundy Asset Management Ltd. boosted its position in Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after acquiring an additional 10,689 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other 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.