Brokerages Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Price Target at $126.25

Euronet Worldwide, Inc. (NASDAQ:EEFT) has earned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $126.25.

A number of equities analysts have recently commented on EEFT shares. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Monday, January 20th. Oppenheimer cut their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Finally, DA Davidson reiterated a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th.

Insider Buying and Selling

In related news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the transaction, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction on Monday, November 25th. The shares were 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 owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by insiders.

Institutional Trading of Euronet Worldwide

Several hedge funds have recently made changes to their positions in EEFT. R Squared Ltd purchased a new stake in shares of Euronet Worldwide in the 4th quarter worth about $58,000. GAMMA Investing LLC lifted its holdings in shares of Euronet Worldwide by 121.3% in the fourth quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 523 shares in the last quarter. Blue Trust Inc. grew its position in shares of Euronet Worldwide by 26.1% in the fourth quarter. Blue Trust Inc. now owns 989 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 205 shares during the last quarter. Mendota Financial Group LLC purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $100,000. Finally, Quarry LP raised its position in shares of Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after purchasing an additional 193 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

Euronet Worldwide Stock Performance

EEFT opened at $99.07 on Tuesday. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 0.78 and a beta of 1.44. Euronet Worldwide has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The company has a fifty day moving average of $102.24 and a 200 day moving average of $101.19.

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.