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

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $127.00.

Several research firms recently weighed in on EEFT. Oppenheimer decreased their target price on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating for the company in a research note on Thursday, December 19th. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods boosted their target price on Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a research note on Friday, February 14th. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Finally, Needham & Company LLC restated a "buy" rating and set a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th.

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Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the business'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 value of $9,565,550.00. Following the transaction, the chief executive officer now owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 10.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC increased its holdings in shares of Euronet Worldwide by 5.4% in the third quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider's stock valued at $16,004,000 after purchasing an additional 8,230 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Euronet Worldwide by 28.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock valued at $1,236,000 after purchasing an additional 2,632 shares during the period. Holocene Advisors LP acquired a new position in shares of Euronet Worldwide in the third quarter valued at approximately $666,000. Reinhart Partners LLC. grew its holdings in Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock worth $64,496,000 after acquiring an additional 20,824 shares during the period. Finally, Value Holdings Management CO. LLC grew its holdings in Euronet Worldwide by 119.8% during the fourth quarter. Value Holdings Management CO. LLC now owns 57,823 shares of the business services provider's stock worth $5,947,000 after acquiring an additional 31,518 shares during the period. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Stock Down 0.4 %

Shares of EEFT traded down $0.38 during midday trading on Wednesday, hitting $108.01. The company had a trading volume of 790,019 shares, compared to its average volume of 313,834. The company's 50-day simple moving average is $100.72 and its 200-day simple moving average is $101.12. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The firm has a market capitalization of $4.72 billion, a P/E ratio of 16.69, a P/E/G ratio of 0.78 and a beta of 1.37. Euronet Worldwide has a 1 year low of $91.07 and a 1 year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (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, sell-side analysts expect that Euronet Worldwide will post 9.11 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.