Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $126.25 Consensus PT from Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) have earned an average recommendation of "Moderate Buy" from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $126.25.

EEFT has been the subject of a number of analyst reports. Citigroup downgraded Euronet Worldwide from a "buy" rating to a "neutral" rating and reduced their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Oppenheimer lowered their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research report on Thursday, December 19th. DA Davidson reiterated a "buy" rating and issued a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. StockNews.com upgraded shares of Euronet Worldwide from a "hold" rating to a "buy" rating in a research report on Monday, January 20th. Finally, Monness Crespi & Hardt upgraded Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Nikos Fountas sold 21,479 shares of the business's stock in a transaction on 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 transaction, the chief executive officer now directly owns 52,370 shares in the company, valued at $5,423,437.20. The trade was a 29.09 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the sale, the senior vice president now owns 39,983 shares of the company's stock, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock valued at $8,780,102 in the last 90 days. 10.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Euronet Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. grew its stake in shares of Euronet Worldwide by 0.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock valued at $1,793,000 after buying an additional 133 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Euronet Worldwide by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider's stock valued at $243,000 after purchasing an additional 143 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock valued at $2,540,000 after purchasing an additional 158 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Euronet Worldwide by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider's stock worth $486,000 after purchasing an additional 170 shares in the last quarter. Finally, Quarry LP increased its position in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider's stock worth $108,000 after buying an additional 193 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Trading Down 0.5 %

Shares of Euronet Worldwide stock traded down $0.53 during trading hours on Tuesday, hitting $98.54. The company's stock had a trading volume of 153,206 shares, compared to its average volume of 207,958. The business has a fifty day moving average of $102.24 and a 200 day moving average of $101.19. Euronet Worldwide has a 1-year low of $91.07 and a 1-year high of $117.66. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.33 billion, a PE ratio of 14.24, a P/E/G ratio of 0.78 and a beta of 1.44.

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.