Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Target Price at $125.86

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $125.86.

EEFT has been the subject of a number of research reports. Stephens reiterated an “overweight” rating and issued a $130.00 price objective on shares of Euronet Worldwide in a report on Friday, February 14th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Saturday, February 22nd. Finally, Keefe, Bruyette & Woods increased their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a report on Friday, February 14th.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $94.70 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $101.18 and a 200-day moving average price of $101.06. The company has a market cap of $4.09 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. Euronet Worldwide has a 12-month low of $85.24 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS 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%. As a group, equities analysts forecast that Euronet Worldwide will post 9.11 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were 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 directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. This represents a 6.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Euronet Worldwide during the first quarter valued at approximately $1,400,000. NorthCrest Asset Manangement LLC boosted its holdings in Euronet Worldwide by 9.8% in the first quarter. NorthCrest Asset Manangement LLC now owns 5,454 shares of the business services provider’s stock valued at $583,000 after acquiring an additional 486 shares in the last quarter. Fifth Third Bancorp increased its position in Euronet Worldwide by 6.8% during the 1st quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 123 shares during the period. SG Americas Securities LLC raised its holdings in Euronet Worldwide by 46.4% in the 1st quarter. SG Americas Securities LLC now owns 4,721 shares of the business services provider’s stock worth $504,000 after purchasing an additional 1,496 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Euronet Worldwide by 99.9% in the 1st quarter. GAMMA Investing LLC now owns 1,907 shares of the business services provider’s stock worth $204,000 after purchasing an additional 953 shares during the period. Institutional investors own 91.60% of the company’s stock.

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.