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

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $125.33.

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Monness Crespi & Hardt raised their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 price objective on shares of Euronet Worldwide in a research report on Wednesday, September 4th. Finally, Oppenheimer began coverage on shares of Euronet Worldwide in a report on Tuesday. They issued an “outperform” rating and a $121.00 price target on the stock.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction 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 of the company’s stock, valued at $8,447,400. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Juan Bianchi sold 4,000 shares of the firm’s stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Thomas A. Mcdonnell bought 3,206 shares of Euronet Worldwide stock in a transaction dated Monday, August 5th. The shares were acquired at an average price of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $8,447,400. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arizona State Retirement System boosted its position in shares of Euronet Worldwide by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider’s stock valued at $1,260,000 after purchasing an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Euronet Worldwide by 6.5% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider’s stock worth $243,000 after buying an additional 143 shares in the last quarter. State of Michigan Retirement System boosted its stake in shares of Euronet Worldwide by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock valued at $1,178,000 after buying an additional 200 shares during the period. Fifth Third Bancorp grew its holdings in shares of Euronet Worldwide by 14.7% during the 2nd quarter. Fifth Third Bancorp now owns 1,588 shares of the business services provider’s stock valued at $164,000 after acquiring an additional 203 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in shares of Euronet Worldwide by 0.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 54,289 shares of the business services provider’s stock worth $6,075,000 after acquiring an additional 215 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Stock Performance

EEFT opened at $98.79 on Wednesday. Euronet Worldwide has a 12-month low of $73.84 and a 12-month high of $117.66. The company’s 50 day moving average is $100.64 and its 200 day moving average is $105.59. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 17.39 and a beta of 1.46.

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

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.