Euronet Worldwide, Inc. (NASDAQ:EEFT) Given Consensus Rating of “Hold” by Brokerages

Euronet Worldwide, Inc. (NASDAQ:EEFT) has been assigned a consensus rating of “Hold” from the seven research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $96.00.

A number of research firms recently weighed in on EEFT. Weiss Ratings upgraded shares of Euronet Worldwide from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 28th. DA Davidson reiterated a “buy” rating and set a $102.00 price target on shares of Euronet Worldwide in a research note on Friday, July 10th. Finally, Needham & Company LLC boosted their price objective on Euronet Worldwide from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, July 30th.

Insider Activity

In related news, Director Thomas A. Mcdonnell bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $66.87 per share, with a total value of $200,610.00. Following the completion of the transaction, the director directly owned 100,219 shares in the company, valued at approximately $6,701,644.53. This represents a 3.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 12.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Euronet Worldwide

Large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its position in shares of Euronet Worldwide by 17.0% during the first quarter. Goldman Sachs Group Inc. now owns 628,384 shares of the business services provider’s stock valued at $67,143,000 after purchasing an additional 91,348 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Euronet Worldwide by 4.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 121,475 shares of the business services provider’s stock worth $12,980,000 after purchasing an additional 5,009 shares in the last quarter. Focus Partners Wealth bought a new stake in Euronet Worldwide in the 1st quarter worth about $202,000. Geneos Wealth Management Inc. increased its stake in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock valued at $36,000 after buying an additional 109 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Euronet Worldwide by 422.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,631 shares of the business services provider’s stock worth $165,000 after buying an additional 1,319 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $74.27 on Friday. The company has a market cap of $2.83 billion, a P/E ratio of 11.66, a PEG ratio of 0.60 and a beta of 0.82. The company has a fifty day simple moving average of $73.23 and a 200 day simple moving average of $71.58. The company has a current ratio of 1.37, a quick ratio of 1.28 and a debt-to-equity ratio of 1.47. Euronet Worldwide has a 12-month low of $62.50 and a 12-month high of $98.52.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.93 by ($0.11). Euronet Worldwide had a return on equity of 28.60% and a net margin of 6.63%.During the same quarter last year, the company posted $2.56 EPS. Euronet Worldwide’s quarterly revenue was up 3.2% on a year-over-year basis. Sell-side analysts predict that Euronet Worldwide will post 9.83 earnings per share for the current fiscal year.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc is a global financial technology company specializing in electronic payment services and transaction processing. Through its three primary business segments—Electronic Funds Transfer (EFT) Network Services, epay® Prepaid and Payment Services, and Money Transfer—Euronet provides end-to-end solutions that enable secure, efficient and convenient payments for consumers, financial institutions and retailers worldwide.

In its EFT Network Services arm, Euronet operates one of the world’s largest ATM and point-of-sale (POS) terminal networks, offering deployment, management and connectivity services.