Euronet Worldwide (EEFT) Reaches New 12-Month High and Low at $70.67

Euronet Worldwide, Inc. (NASDAQ:EEFT) hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $70.67 and last traded at $71.99, with a volume of 1388888 shares. The stock had previously closed at $72.07.

A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Euronet Worldwide from a “hold” rating to a “sell” rating in a research report on Friday. Lake Street Capital increased their price target on Euronet Worldwide from $100.00 to $106.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. DA Davidson increased their price target on Euronet Worldwide to $118.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Goldman Sachs assumed coverage on Euronet Worldwide in a research report on Thursday, December 14th. They set a “buy” rating and a $110.00 price target on the stock. Finally, William Blair downgraded Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $111.71.

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The company has a market cap of $3,701.69, a P/E ratio of 16.70, a price-to-earnings-growth ratio of 0.96 and a beta of 1.50. The company has a quick ratio of 1.27, a current ratio of 1.34 and a debt-to-equity ratio of 0.34.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. Euronet Worldwide had a return on equity of 21.76% and a net margin of 6.97%. The company had revenue of $604.60 million during the quarter, compared to analysts’ expectations of $609.53 million. During the same period in the prior year, the company earned $0.99 EPS. Euronet Worldwide’s revenue was up 16.3% compared to the same quarter last year. equities analysts expect that Euronet Worldwide, Inc. will post 5 EPS for the current year.

In related news, CEO Michael J. Brown sold 20,000 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $79.63, for a total value of $1,592,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,502,348 shares in the company, valued at $119,631,971.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 80,000 shares of company stock valued at $6,804,800 over the last 90 days. 7.70% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EEFT. Millennium Management LLC increased its holdings in Euronet Worldwide by 376.3% in the fourth quarter. Millennium Management LLC now owns 652,525 shares of the business services provider’s stock valued at $54,988,000 after purchasing an additional 515,535 shares during the period. William Blair Investment Management LLC increased its holdings in Euronet Worldwide by 35.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,198,180 shares of the business services provider’s stock valued at $100,971,000 after purchasing an additional 315,396 shares during the period. Victory Capital Management Inc. increased its holdings in Euronet Worldwide by 12.1% in the fourth quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock valued at $228,623,000 after purchasing an additional 292,777 shares during the period. Wasatch Advisors Inc. increased its holdings in Euronet Worldwide by 14.5% in the fourth quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock valued at $73,677,000 after purchasing an additional 111,033 shares during the period. Finally, Gotham Asset Management LLC acquired a new stake in Euronet Worldwide in the fourth quarter valued at $9,006,000.

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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.

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