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

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

Several equities research analysts have recently issued reports on the company. Citigroup cut Euronet Worldwide from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Oppenheimer decreased their price target 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. StockNews.com cut Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $120.00 target price on shares of Euronet Worldwide in a research report on Thursday, December 12th.

Insider Transactions at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the company's stock in a transaction dated 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 owns 90,288 shares of the company's stock, valued at $9,625,603.68. This represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm's stock in a transaction dated Monday, November 25th. The shares were 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 in the company, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock valued at $8,780,102 over the last 90 days. Corporate insiders own 10.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its stake in Euronet Worldwide by 0.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock worth $1,793,000 after buying an additional 133 shares during the period. Arizona State Retirement System increased its position in shares of Euronet Worldwide by 1.1% during the second quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider's stock worth $1,260,000 after acquiring an additional 135 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Euronet Worldwide by 6.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider's stock worth $243,000 after acquiring an additional 143 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of Euronet Worldwide by 0.6% in the third quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock worth $2,540,000 after acquiring an additional 158 shares in the last quarter. Finally, 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 valued at $486,000 after purchasing an additional 170 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Trading Up 0.9 %

NASDAQ:EEFT traded up $0.92 on Friday, reaching $102.01. The stock had a trading volume of 179,898 shares, compared to its average volume of 203,399. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 0.95 and a beta of 1.44. Euronet Worldwide has a 12-month low of $91.07 and a 12-month high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The firm's fifty day moving average is $103.32 and its two-hundred day moving average is $101.95.

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