Euronet Worldwide, Inc. (NASDAQ:EEFT) has been given a consensus recommendation of “Buy” by the ten ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $109.33.
Several research firms recently weighed in on EEFT. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Goldman Sachs Group began coverage on shares of Euronet Worldwide in a research note on Thursday, December 14th. They set a “buy” rating and a $110.00 target price for the company. Northland Securities reaffirmed a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a research note on Thursday, October 19th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Finally, Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Tuesday, September 26th.
In other Euronet Worldwide news, CEO Nikos Fountas sold 296 shares of Euronet Worldwide stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $92.00, for a total value of $27,232.00. Following the completion of the transaction, the chief executive officer now directly owns 550 shares of the company’s stock, valued at approximately $50,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael J. Brown sold 63,538 shares of Euronet Worldwide stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the completion of the transaction, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at $160,444,809.16. The disclosure for this sale can be found here. Insiders have sold 94,235 shares of company stock valued at $9,201,216 over the last ninety days. 7.70% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of EEFT. Aurora Investment Counsel purchased a new position in shares of Euronet Worldwide during the 4th quarter worth about $1,738,000. Atlantic Trust Group LLC boosted its stake in shares of Euronet Worldwide by 28.6% during the 3rd quarter. Atlantic Trust Group LLC now owns 262,153 shares of the business services provider’s stock worth $24,850,000 after purchasing an additional 58,307 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of Euronet Worldwide by 2.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock worth $17,150,000 after purchasing an additional 3,712 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Euronet Worldwide during the 3rd quarter worth about $1,031,000. Finally, Hahn Capital Management LLC boosted its stake in shares of Euronet Worldwide by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 422,884 shares of the business services provider’s stock worth $40,085,000 after purchasing an additional 4,024 shares during the period. 95.17% of the stock is owned by institutional investors and hedge funds.
Shares of Euronet Worldwide (NASDAQ EEFT) opened at $93.58 on Wednesday. The company has a market cap of $5,010.00, a price-to-earnings ratio of 24.69, a PEG ratio of 1.27 and a beta of 1.36. Euronet Worldwide has a 52-week low of $70.51 and a 52-week high of $101.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.61. The firm had revenue of $637.90 million for the quarter, compared to the consensus estimate of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The company’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the firm earned $1.35 EPS. analysts anticipate that Euronet Worldwide will post 4.33 earnings per share for the current fiscal year.
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About Euronet Worldwide
Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.
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