Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $125.38.

EEFT has been the topic of several analyst reports. Monness Crespi & Hardt upped their price objective on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, August 9th. Needham & Company LLC cut their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. DA Davidson reaffirmed a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, Oppenheimer began coverage on Euronet Worldwide in a research note on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price objective on the stock.

Insider Activity at Euronet Worldwide

In related news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Juan Bianchi sold 4,000 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total value of $410,320.00. Following the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas A. Mcdonnell acquired 3,206 shares of Euronet Worldwide stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the purchase, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Euronet Worldwide

Several hedge funds and other institutional investors have recently bought and sold shares of EEFT. CWM LLC raised its holdings in shares of Euronet Worldwide by 38.8% in the 1st quarter. CWM LLC now owns 991 shares of the business services provider’s stock worth $109,000 after acquiring an additional 277 shares during the last quarter. Cooper Financial Group purchased a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $621,000. FCF Advisors LLC increased its stake in shares of Euronet Worldwide by 7.8% during the 1st quarter. FCF Advisors LLC now owns 8,436 shares of the business services provider’s stock worth $927,000 after purchasing an additional 613 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of Euronet Worldwide during the 1st quarter worth approximately $588,000. Finally, State of Michigan Retirement System increased its stake in shares of Euronet Worldwide by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider’s stock worth $1,178,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $102.26 on Friday. The stock has a 50-day simple moving average of $100.47 and a 200 day simple moving average of $104.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $4.69 billion, a PE ratio of 18.00 and a beta of 1.46. Euronet Worldwide has a twelve month low of $75.41 and a twelve month high of $117.66.

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.