Brokerages Set Euronet Worldwide, Inc. (NASDAQ:EEFT) PT at $125.86

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) have received a consensus rating of "Moderate Buy" from the nine research firms that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $125.86.

EEFT has been the topic of a number of research reports. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods increased their price target 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. Oppenheimer lowered their price objective on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. Finally, Stephens reaffirmed an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded up $0.20 during mid-day trading on Friday, reaching $95.93. 341,480 shares of the company's stock were exchanged, compared to its average volume of 338,306. The firm has a market capitalization of $4.15 billion, a PE ratio of 14.83, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The business's fifty day simple moving average is $101.32 and its 200 day simple moving average is $101.18. Euronet Worldwide has a one year low of $85.24 and a one year high of $117.66.

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Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly 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 return on equity of 27.74% and a net margin of 7.69%. On average, sell-side analysts expect that Euronet Worldwide will post 9.11 earnings per share for the current year.

Insider Activity

In other news, CEO Michael J. Brown sold 95,000 shares of Euronet Worldwide stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the completion of the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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 bought and sold shares of EEFT. Fifth Third Bancorp increased its holdings in shares of Euronet Worldwide by 6.8% in the 1st quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider's stock worth $206,000 after buying an additional 123 shares during the last quarter. SG Americas Securities LLC increased its stake in Euronet Worldwide by 46.4% in the first quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider's stock valued at $504,000 after acquiring an additional 1,496 shares during the last quarter. GAMMA Investing LLC raised its position in Euronet Worldwide by 99.9% during the first quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider's stock valued at $204,000 after purchasing an additional 953 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in Euronet Worldwide by 23.4% during the first quarter. Harbor Capital Advisors Inc. now owns 71,247 shares of the business services provider's stock worth $7,613,000 after purchasing an additional 13,522 shares during the last quarter. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Euronet Worldwide in the 1st quarter worth about $377,000. 91.60% of the stock is owned by hedge funds and other institutional investors.

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.