Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $127.00 Average PT from Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $125.86.

Several research firms have commented on EEFT. Stephens reissued an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised their price objective on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Saturday, February 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Oppenheimer cut their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th.

Euronet Worldwide Stock Down 0.0 %

EEFT opened at $108.55 on Wednesday. The business’s fifty day simple moving average is $101.14 and its 200 day simple moving average is $101.18. Euronet Worldwide has a 52 week low of $91.07 and a 52 week high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.75 billion, a PE ratio of 16.78, a P/E/G ratio of 0.78 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. As a group, research analysts expect that Euronet Worldwide will post 9.11 earnings per share for the current fiscal year.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the transaction, the chief executive officer now owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Euronet Worldwide

A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in Euronet Worldwide in the 4th quarter worth about $53,072,000. Wasatch Advisors LP lifted its stake in shares of Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock worth $71,102,000 after buying an additional 224,982 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Euronet Worldwide by 21.0% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock valued at $112,743,000 after buying an additional 190,453 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Euronet Worldwide by 13.6% during 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 acquiring an additional 127,240 shares in the last quarter. Finally, Voss Capital LP raised its holdings in Euronet Worldwide by 21.9% in the 4th quarter. Voss Capital LP now owns 630,000 shares of the business services provider’s stock worth $64,789,000 after acquiring an additional 113,236 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.