Euronet Worldwide (NASDAQ:EEFT) Given New $128.00 Price Target at Oppenheimer

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) had its price objective dropped by equities research analysts at Oppenheimer from $135.00 to $128.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. Oppenheimer's price target would indicate a potential upside of 24.15% from the stock's previous close.

Several other research analysts also recently commented on the company. Monness Crespi & Hardt upgraded Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Citigroup cut Euronet Worldwide from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. StockNews.com lowered Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Friday, December 13th. Needham & Company LLC reiterated a "buy" rating and set a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Finally, DA Davidson reissued a "buy" rating and set a $136.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Four 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 stock. Based on data from MarketBeat.com, Euronet Worldwide currently has a consensus rating of "Moderate Buy" and an average price target of $126.25.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded up $1.12 during mid-day trading on Thursday, reaching $103.10. The stock had a trading volume of 355,537 shares, compared to its average volume of 298,450. The stock has a market capitalization of $4.53 billion, a P/E ratio of 14.90, a P/E/G ratio of 0.95 and a beta of 1.44. The firm has a 50 day moving average price of $102.16 and a two-hundred day moving average price of $102.54. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. Euronet Worldwide has a one year low of $91.07 and a one year high of $117.66.

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 for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $2.53 EPS. As a group, analysts expect that Euronet Worldwide will post 7.87 earnings per share for the current year.

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 transaction of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares of the company's stock, valued at approximately $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the company's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now directly owns 39,983 shares in the company, 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. Insiders have sold 82,910 shares of company stock worth $8,780,102 over the last 90 days. 10.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Euronet Worldwide

Large investors have recently made changes to their positions in the business. Wasatch Advisors LP boosted its stake in Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider's stock worth $71,102,000 after purchasing an additional 224,982 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Euronet Worldwide in the third quarter worth approximately $15,258,000. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Euronet Worldwide by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider's stock worth $105,604,000 after buying an additional 127,240 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider's stock valued at $78,172,000 after buying an additional 113,685 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Euronet Worldwide during the second quarter valued at approximately $9,047,000. 91.60% of the stock is currently 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.