Euronet Worldwide, Inc. (NASDAQ:EEFT) Sets New 1-Year High at $92.02

Euronet Worldwide, Inc. (NASDAQ:EEFT) hit a new 52-week high on Monday . The company traded as high as $92.02 and last traded at $92.00, with a volume of 218,977 shares trading hands. The stock had previously closed at $90.83.

A number of equities research analysts recently weighed in on the stock. Lake Street Capital reissued a “buy” rating and issued a $99.00 price target (up from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. BidaskClub raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, DA Davidson assumed coverage on shares of Euronet Worldwide in a research report on Wednesday, July 19th. They issued a “buy” rating and a $105.00 price target for the company. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Euronet Worldwide presently has an average rating of “Buy” and an average target price of $100.20.

The firm’s 50 day moving average price is $92.92 and its 200 day moving average price is $86.08. The company has a market capitalization of $5.00 billion, a PE ratio of 30.73 and a beta of 1.34.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, July 26th. The business services provider reported $1.09 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.01. Euronet Worldwide had a net margin of 8.23% and a return on equity of 22.32%. The firm had revenue of $536.60 million for the quarter, compared to the consensus estimate of $513.10 million. During the same period in the prior year, the firm posted $0.97 EPS. The firm’s revenue was up 12.5% compared to the same quarter last year. Equities analysts predict that Euronet Worldwide, Inc. will post $4.55 EPS for the current year.

In other news, VP Jeffrey B. Newman sold 3,433 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $92.00, for a total value of $315,836.00. Following the transaction, the vice president now directly owns 16,386 shares in the company, valued at approximately $1,507,512. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Nikos Fountas sold 20,789 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $96.72, for a total transaction of $2,010,712.08. The disclosure for this sale can be found here. Insiders have sold a total of 126,883 shares of company stock worth $11,968,683 over the last quarter. 7.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Fiduciary Trust Co. acquired a new position in Euronet Worldwide during the second quarter worth about $122,000. The Manufacturers Life Insurance Company increased its position in Euronet Worldwide by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after buying an additional 116 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Euronet Worldwide by 10.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after buying an additional 167 shares during the last quarter. World Asset Management Inc acquired a new position in Euronet Worldwide during the second quarter worth about $201,000. Finally, Capstone Asset Management Co. acquired a new position in Euronet Worldwide during the second quarter worth about $206,000. Institutional investors own 93.95% of the company’s stock.

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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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