Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Rating of “Moderate Buy” by Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $127.13.

Several research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. DA Davidson restated a “buy” rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT opened at $103.46 on Monday. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.55 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.95 and a beta of 1.44. Euronet Worldwide has a 12 month low of $91.07 and a 12 month high of $117.66. The stock has a 50 day moving average of $101.63 and a 200-day moving average of $102.67.

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

Insider Activity at Euronet Worldwide

In other news, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the transaction, the chief executive officer now directly owns 52,370 shares in the company, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the sale, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at approximately $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 a total of 82,910 shares of company stock valued at $8,780,102 over the last quarter. 10.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently modified their holdings of the business. Summit Securities Group LLC bought a new stake in shares of Euronet Worldwide during the 2nd quarter worth $57,000. 1620 Investment Advisors Inc. bought a new position in shares of Euronet Worldwide in the second quarter worth about $80,000. Mendota Financial Group LLC acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $100,000. Quarry LP grew its holdings in shares of Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new position in Euronet Worldwide during the 3rd quarter worth approximately $109,000. Institutional investors own 91.60% of the company’s stock.

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.