Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Price Target at $122.56

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $126.00.

Several analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $125.00 target price on shares of Euronet Worldwide in a research report on Wednesday, September 4th. Monness Crespi & Hardt lifted their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Monday, July 22nd. DA Davidson restated a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Citigroup downgraded shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th.

Insider Buying and Selling at Euronet Worldwide

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in Euronet Worldwide in the 1st quarter worth $50,000. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide in the second quarter worth about $57,000. Covestor Ltd lifted its holdings in shares of Euronet Worldwide by 174.9% during the first quarter. Covestor Ltd now owns 547 shares of the business services provider’s stock worth $60,000 after purchasing an additional 348 shares during the period. GAMMA Investing LLC boosted its position in Euronet Worldwide by 69.5% in the second quarter. GAMMA Investing LLC now owns 588 shares of the business services provider’s stock valued at $61,000 after buying an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Euronet Worldwide in the 2nd quarter worth approximately $80,000. Hedge funds and other institutional investors own 91.60% of the company’s stock.

Euronet Worldwide Trading Down 0.5 %

EEFT opened at $97.06 on Friday. Euronet Worldwide has a one year low of $75.41 and a one year high of $117.66. 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 cap of $4.45 billion, a price-to-earnings ratio of 17.09 and a beta of 1.46. The stock’s 50 day moving average price is $100.47 and its 200-day moving average price is $104.37.

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.