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

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) has been given an average recommendation of "Moderate Buy" by the ten research firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $127.00.

Several research analysts have commented on EEFT shares. Oppenheimer cut 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. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday. Keefe, Bruyette & Woods upped their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a "market perform" rating in a report on Friday, February 14th. Finally, Stephens reiterated an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th.

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Euronet Worldwide Stock Performance

Euronet Worldwide stock traded up $1.03 during mid-day trading on Friday, reaching $102.84. 440,204 shares of the company's stock were exchanged, compared to its average volume of 334,617. The business's fifty day simple moving average is $100.87 and its 200 day simple moving average is $101.31. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide has a one year low of $91.07 and a one year high of $117.66. The firm has a market capitalization of $4.52 billion, a PE ratio of 15.89, a P/E/G ratio of 0.78 and a beta of 1.43.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, sell-side analysts expect that Euronet Worldwide will post 9.11 earnings per share for the current year.

Insider Activity

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the company'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 transaction of $2,224,365.24. Following the completion of the sale, the chief executive officer now directly owns 52,370 shares of the company's stock, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 10.50% of the company's stock.

Institutional Investors Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EEFT. Proficio Capital Partners LLC purchased a new position in shares of Euronet Worldwide in the fourth quarter worth $28,000. R Squared Ltd purchased a new position in Euronet Worldwide during the fourth quarter valued at $58,000. Covestor Ltd increased its holdings in Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after acquiring an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its stake in Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after purchasing an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after purchasing an additional 709 shares during the last quarter. Institutional investors own 91.60% of the company's stock.

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.