Analysts Set Euronet Worldwide, Inc. (EEFT) Target Price at $109.20

Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $109.20.

EEFT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Monday, July 17th. DA Davidson initiated coverage on shares of Euronet Worldwide in a report on Wednesday, July 19th. They set a “buy” rating and a $105.00 price objective for the company. Lake Street Capital reiterated a “buy” rating and set a $99.00 price objective (up from $96.00) on shares of Euronet Worldwide in a report on Thursday, July 27th. BidaskClub upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, July 31st. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Friday, October 6th.

In related news, CFO Rick Weller sold 76,563 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $97.51, for a total transaction of $7,465,658.13. Following the transaction, the chief financial officer now directly owns 81,221 shares of the company’s stock, valued at $7,919,859.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Nikos Fountas sold 20,789 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were 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 344,544 shares of company stock valued at $33,692,580 over the last quarter. Corporate insiders own 7.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Euronet Worldwide by 1.8% during the second quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock valued at $345,863,000 after purchasing an additional 69,689 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Euronet Worldwide during the second quarter valued at about $329,644,000. FMR LLC lifted its position in shares of Euronet Worldwide by 4.1% during the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock valued at $309,023,000 after purchasing an additional 138,659 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Euronet Worldwide by 3.9% during the second quarter. Victory Capital Management Inc. now owns 2,683,263 shares of the business services provider’s stock valued at $234,437,000 after purchasing an additional 100,544 shares in the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in shares of Euronet Worldwide by 0.5% during the second quarter. Frontier Capital Management Co. LLC now owns 2,198,881 shares of the business services provider’s stock valued at $192,116,000 after purchasing an additional 10,750 shares in the last quarter. 93.97% of the stock is currently owned by institutional investors.

Shares of Euronet Worldwide (NASDAQ EEFT) traded down 1.50% during midday trading on Friday, reaching $96.81. 126,691 shares of the company’s stock traded hands. Euronet Worldwide has a 12 month low of $70.51 and a 12 month high of $101.07. The stock has a 50 day moving average of $96.99 and a 200-day moving average of $91.46. The stock has a market cap of $5.09 billion, a P/E ratio of 31.25 and a beta of 1.34.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.61. The firm had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 23.76%. The business’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the company earned $1.35 earnings per share. On average, equities research analysts forecast that Euronet Worldwide will post $4.56 EPS for the current fiscal year.

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Euronet Worldwide Company Profile

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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