Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) have been assigned an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $109.20.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Euronet Worldwide from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Tuesday, September 26th. Lake Street Capital restated a “buy” rating and issued a $99.00 price objective (up from $96.00) on shares of Euronet Worldwide in a research report on Thursday, July 27th. Piper Jaffray Companies restated a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Finally, Northland Securities restated a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a research report on Thursday, October 19th.

Euronet Worldwide (NASDAQ EEFT) opened at $88.98 on Tuesday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. The firm has a market cap of $4,690.00, a PE ratio of 21.32, a price-to-earnings-growth ratio of 1.37 and a beta of 1.39. Euronet Worldwide has a 1 year low of $70.51 and a 1 year high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.61. The firm had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The company’s quarterly revenue was up 21.7% on a year-over-year basis. During the same quarter last year, the business earned $1.35 earnings per share. sell-side analysts expect that Euronet Worldwide will post 4.33 EPS for the current fiscal year.

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In other Euronet Worldwide news, Director Andrej Olechowski sold 10,276 shares of Euronet Worldwide stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $97.30, for a total transaction of $999,854.80. Following the completion of the sale, the director now directly owns 14,355 shares in the company, valued at $1,396,741.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael J. Brown sold 2,400 shares of Euronet Worldwide stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the sale, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at $160,348,600. The disclosure for this sale can be found here. Insiders sold 263,755 shares of company stock valued at $25,892,468 over the last 90 days. 7.70% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in 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 during the last quarter. Janus Henderson Group PLC bought a new stake in Euronet Worldwide during the second quarter valued at approximately $329,644,000. FMR LLC lifted its position in 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 during the last quarter. Victory Capital Management Inc. lifted its position in 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 during the last quarter. Finally, Frontier Capital Management Co. LLC lifted its position in 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 during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

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.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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