Euronet Worldwide, Inc. (NASDAQ:EEFT) Receives $125.57 Consensus Target Price from Analysts

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $125.57.

EEFT has been the subject of several recent analyst reports. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Needham & Company LLC dropped their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods dropped their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Stephens reissued an "overweight" rating and issued a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Finally, Wall Street Zen cut Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd.

Insider Buying and Selling

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the firm's stock in a transaction that occurred on 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 transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in Euronet Worldwide by 47.5% in the fourth quarter. SG Americas Securities LLC now owns 3,225 shares of the business services provider's stock worth $332,000 after purchasing an additional 1,038 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Euronet Worldwide by 28.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 2,632 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Euronet Worldwide by 26.1% in the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after acquiring an additional 205 shares in the last quarter. R Squared Ltd bought a new stake in shares of Euronet Worldwide in the 4th quarter valued at $58,000. Finally, Paragon Capital Management Inc. bought a new stake in Euronet Worldwide in the fourth quarter valued at $1,754,000. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock traded up $0.30 on Monday, reaching $109.73. 366,045 shares of the stock were exchanged, compared to its average volume of 365,957. The firm's 50 day moving average is $102.14 and its 200-day moving average is $102.31. Euronet Worldwide has a one year low of $85.24 and a one year high of $115.56. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The firm has a market cap of $4.75 billion, a PE ratio of 16.96, a P/E/G ratio of 0.78 and a beta of 1.27.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting the consensus estimate of $1.13. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The firm had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. During the same period in the prior year, the company earned $1.28 earnings per share. The company's quarterly revenue was up 6.8% on a year-over-year basis. As a group, analysts anticipate that Euronet Worldwide will post 9.11 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.