Analysts Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Price Target at $124.11

Euronet Worldwide, Inc. (NASDAQ:EEFT) has received an average rating of “Moderate Buy” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $124.11.

A number of equities analysts have issued reports on the company. Wolfe Research raised Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, May 17th. Needham & Company LLC reissued a “buy” rating and issued a $125.00 target price on shares of Euronet Worldwide in a research report on Monday, July 22nd. Citigroup upped their price target on Euronet Worldwide from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Monness Crespi & Hardt increased their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Monday, July 22nd.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $107.91 on Friday. 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 $4.85 billion, a price-to-earnings ratio of 19.00 and a beta of 1.45. The business has a 50 day simple moving average of $102.24 and a 200 day simple moving average of $106.87. Euronet Worldwide has a 52-week low of $73.84 and a 52-week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The company had revenue of $986.20 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the company earned $1.84 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Euronet Worldwide will post 7.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Thomas A. Mcdonnell purchased 3,206 shares of the business’s stock in a transaction on Monday, August 5th. The stock was purchased 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 directly owns 90,000 shares in the company, valued at approximately $8,447,400. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Euronet Worldwide

A number of institutional investors have recently bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Euronet Worldwide by 189.9% during the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after acquiring an additional 169 shares during the period. GAMMA Investing LLC acquired a new stake in Euronet Worldwide during the 4th quarter valued at $30,000. Quadrant Capital Group LLC boosted its position in Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after purchasing an additional 250 shares during the period. Headlands Technologies LLC acquired a new position in shares of Euronet Worldwide in the first quarter valued at $50,000. Finally, First Horizon Advisors Inc. raised its position in shares of Euronet Worldwide by 26.4% in the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 105 shares during the period. Institutional investors and hedge funds 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.