Oppenheimer Lowers Euronet Worldwide (NASDAQ:EEFT) Price Target to $128.00

Euronet Worldwide (NASDAQ:EEFT) had its price objective reduced by stock analysts at Oppenheimer from $135.00 to $128.00 in a report released on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target points to a potential upside of 23.47% from the stock’s previous close.

Several other research firms have also recently issued reports on EEFT. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. DA Davidson reissued a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and dropped their target price for the company from $118.00 to $110.00 in a report on Friday, October 18th. Finally, StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, December 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.25.

Euronet Worldwide Stock Up 0.6 %

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

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

Insider Transactions at Euronet Worldwide

In related news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 90,288 shares of the company’s stock, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. The trade was 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 valued at $8,780,102 in the last ninety days. Corporate insiders own 10.50% of the company’s stock.

Institutional Trading of Euronet Worldwide

Hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Euronet Worldwide by 22.2% in the third quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider’s stock valued at $3,359,000 after purchasing an additional 6,154 shares during the last quarter. Tidal Investments LLC grew its holdings in Euronet Worldwide by 10.8% in the 3rd quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider’s stock valued at $714,000 after buying an additional 704 shares during the period. McIlrath & Eck LLC increased its stake in shares of Euronet Worldwide by 16.2% during the 3rd quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider’s stock valued at $146,000 after acquiring an additional 206 shares during the last quarter. ABS Direct Equity Fund LLC lifted its holdings in shares of Euronet Worldwide by 21.8% during the 3rd quarter. ABS Direct Equity Fund LLC now owns 30,000 shares of the business services provider’s stock worth $2,977,000 after acquiring an additional 5,364 shares during the period. Finally, M&T Bank Corp boosted its position in shares of Euronet Worldwide by 7.0% in the third quarter. M&T Bank Corp now owns 4,245 shares of the business services provider’s stock worth $421,000 after acquiring an additional 279 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Company Profile

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.