Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) PT at $127.13

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) has received an average recommendation of "Moderate Buy" from the ten brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $127.13.

EEFT has been the subject of several analyst reports. Citigroup downgraded 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 note on Friday, October 18th. Oppenheimer increased their price objective on Euronet Worldwide from $121.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, November 25th. Monness Crespi & Hardt raised Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 24th. StockNews.com raised Euronet Worldwide from a "hold" rating to a "buy" rating in a research note on Tuesday, November 12th. Finally, Needham & Company LLC lowered their price objective on Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, October 24th.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the sale, the chief executive officer now directly owns 90,288 shares of the company's stock, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm's 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 completion of the sale, the senior vice president now directly owns 39,983 shares of the company's stock, valued at $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. 10.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Euronet Worldwide

A number of large investors have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its holdings in shares of Euronet Worldwide by 22.2% in the third quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider's stock worth $3,359,000 after acquiring an additional 6,154 shares during the period. Tidal Investments LLC boosted its holdings in shares of Euronet Worldwide by 10.8% in the third quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider's stock worth $714,000 after acquiring an additional 704 shares during the period. McIlrath & Eck LLC boosted its holdings in shares of Euronet Worldwide by 16.2% in the third quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider's stock worth $146,000 after acquiring an additional 206 shares during the period. ABS Direct Equity Fund LLC boosted its holdings in shares of Euronet Worldwide by 21.8% in the third quarter. ABS Direct Equity Fund LLC now owns 30,000 shares of the business services provider's stock worth $2,977,000 after acquiring an additional 5,364 shares during the period. Finally, M&T Bank Corp boosted its holdings in shares of Euronet Worldwide by 7.0% in the third quarter. M&T Bank Corp now owns 4,245 shares of the business services provider's stock worth $421,000 after acquiring an additional 279 shares during the period. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Stock Up 0.2 %

NASDAQ:EEFT traded up $0.23 on Monday, hitting $103.62. The stock had a trading volume of 362,495 shares, compared to its average volume of 299,020. The business's fifty day moving average is $101.12 and its 200 day moving average is $102.93. The company has a market cap of $4.55 billion, a PE ratio of 14.97, a P/E/G ratio of 0.94 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide has a 52 week low of $90.41 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.92 by $0.11. The business had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. During the same quarter in the prior year, the company earned $2.53 earnings per share. On average, equities research analysts expect that Euronet Worldwide will post 7.87 EPS for the current fiscal year.

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.