Euronet Worldwide, Inc. (NASDAQ:EEFT – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $126.25.
EEFT has been the topic of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Oppenheimer dropped their price objective on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, StockNews.com raised Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Monday, January 20th.
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Euronet Worldwide Price Performance
Insider Transactions at Euronet Worldwide
In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now directly owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock worth $8,780,102 over the last three months. 10.50% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in Euronet Worldwide by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after acquiring an additional 27,254 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after acquiring an additional 127,240 shares in the last quarter. Wasatch Advisors LP raised its position in Euronet Worldwide by 45.8% during the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after acquiring an additional 224,982 shares in the last quarter. Reinhart Partners LLC. raised its position in Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after acquiring an additional 20,824 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in Euronet Worldwide by 36.6% during the second quarter. AQR Capital Management LLC now owns 272,430 shares of the business services provider’s stock valued at $28,197,000 after acquiring an additional 73,053 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.
About Euronet Worldwide
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit and prepaid card outsourcing, card issuing, and merchant acquiring services.
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