Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Target Price at $124.11

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $125.88.

Several analysts have issued reports on EEFT shares. Needham & Company LLC reiterated a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research note on Wednesday, September 4th. StockNews.com downgraded Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Finally, Monness Crespi & Hardt boosted their target price on Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Monday, July 22nd.

Euronet Worldwide Price Performance

Shares of NASDAQ EEFT opened at $100.03 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $117.66. The stock has a market cap of $4.59 billion, a PE ratio of 17.61 and a beta of 1.46. The stock has a fifty day moving average of $100.72 and a 200-day moving average of $105.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The firm had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Euronet Worldwide will post 7.86 earnings per share for the current year.

Insider Transactions at Euronet Worldwide

In other news, Director Thomas A. Mcdonnell acquired 3,206 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average cost of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Euronet Worldwide news, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $93.86 per share, with a total value of $300,915.16. Following the acquisition, the director now owns 90,000 shares in the company, valued at $8,447,400. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 completion of the sale, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The disclosure for this sale can be found here. Company insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Euronet Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of EEFT. Quadrant Capital Group LLC boosted its stake in shares of Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares during the period. Headlands Technologies LLC purchased a new stake in Euronet Worldwide during the 1st quarter valued at $50,000. Summit Securities Group LLC bought a new stake in Euronet Worldwide in the 2nd quarter worth $57,000. Covestor Ltd grew its holdings 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 acquiring an additional 348 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after acquiring an additional 241 shares during the period. 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.