Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $125.57.

A number of equities research analysts recently issued reports on EEFT shares. StockNews.com lowered Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Needham & Company LLC dropped their target price on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Stephens reissued an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating on the stock in a research report on Friday, April 25th.

Insider Transactions at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value 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 $142,875,686.54. The trade was a 6.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 11.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in Euronet Worldwide by 0.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock valued at $340,955,000 after buying an additional 16,220 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Euronet Worldwide by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider’s stock valued at $142,575,000 after buying an additional 20,805 shares in the last quarter. Burgundy Asset Management Ltd. grew its holdings in Euronet Worldwide by 6.9% in the 1st quarter. Burgundy Asset Management Ltd. now owns 1,171,426 shares of the business services provider’s stock valued at $125,167,000 after buying an additional 75,126 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Euronet Worldwide by 3.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,069,549 shares of the business services provider’s stock valued at $114,281,000 after buying an additional 31,778 shares in the last quarter. Finally, Voss Capital LP grew its holdings in Euronet Worldwide by 30.9% in the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider’s stock valued at $88,107,000 after buying an additional 194,589 shares in the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 0.1%

NASDAQ:EEFT opened at $110.14 on Thursday. Euronet Worldwide has a fifty-two week low of $85.24 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The stock has a market capitalization of $4.76 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.78 and a beta of 1.25. The business’s 50-day simple moving average is $101.32 and its 200-day simple moving average is $101.55.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting the consensus estimate of $1.13. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The business had revenue of $915.50 million for the quarter, compared to analysts’ expectations of $908.93 million. During the same quarter in the previous year, the business posted $1.28 EPS. Euronet Worldwide’s revenue for the quarter was up 6.8% on a year-over-year basis. Sell-side analysts expect that Euronet Worldwide will post 9.11 earnings per share 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.