Goldman Sachs Group initiated coverage on shares of Euronet Worldwide (NASDAQ:EEFT) in a report released on Thursday, Marketbeat Ratings reports. The firm set a “buy” rating and a $110.00 price target on the business services provider’s stock. Goldman Sachs Group’s target price indicates a potential upside of 20.51% from the company’s current price.
Several other equities analysts have also commented on the stock. BidaskClub raised shares of Euronet Worldwide from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $112.00 target price on shares of Euronet Worldwide in a report on Sunday, October 22nd. Northland Securities reaffirmed a “buy” rating and set a $110.00 target price on shares of Euronet Worldwide in a report on Thursday, October 19th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $120.00 target price on shares of Euronet Worldwide in a report on Friday, October 6th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $108.86.
Shares of Euronet Worldwide (EEFT) traded down $0.29 during trading hours on Thursday, hitting $91.28. 702,945 shares of the stock were exchanged, compared to its average volume of 310,971. The company has a market cap of $4,846.13, a price-to-earnings ratio of 22.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36. Euronet Worldwide has a 1 year low of $70.51 and a 1 year high of $101.07. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50.
In other Euronet Worldwide news, CEO Nikos Fountas sold 296 shares of the firm’s 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. 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 the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares in the company, valued at approximately $160,348,600. The disclosure for this sale can be found here. In the last three months, insiders sold 78,634 shares of company stock worth $7,765,768. Insiders own 7.70% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Euronet Worldwide by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock worth $345,863,000 after purchasing an additional 69,689 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Euronet Worldwide in the 2nd quarter worth about $329,644,000. FMR LLC lifted its position in shares of Euronet Worldwide by 4.1% in the 2nd quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after purchasing an additional 138,659 shares during the period. Victory Capital Management Inc. lifted its position in shares of Euronet Worldwide by 3.9% in the 2nd quarter. Victory Capital Management Inc. now owns 2,683,263 shares of the business services provider’s stock worth $234,437,000 after purchasing an additional 100,544 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its position in shares of Euronet Worldwide by 0.5% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 2,198,881 shares of the business services provider’s stock worth $192,116,000 after purchasing an additional 10,750 shares during the period. 95.39% of the stock is owned by hedge funds and other institutional investors.
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.
