Euronet Worldwide, Inc. (NASDAQ:EEFT) Director Thomas A. Mcdonnell Purchases 3,206 Shares

Euronet Worldwide, Inc. (NASDAQ:EEFT) Director Thomas A. Mcdonnell purchased 3,206 shares of the stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the transaction, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Euronet Worldwide Price Performance

NASDAQ:EEFT traded up $0.94 during trading hours on Tuesday, reaching $93.62. 412,198 shares of the company were exchanged, compared to its average volume of 307,469. The business has a 50 day moving average of $106.21 and a 200 day moving average of $106.97. The company has a market capitalization of $4.29 billion, a P/E ratio of 16.32 and a beta of 1.45. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.33. Euronet Worldwide, Inc. has a 1-year low of $73.84 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, July 18th. The business services provider reported $2.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.21. The firm had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. Euronet Worldwide had a net margin of 7.46% and a return on equity of 27.81%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.84 earnings per share. Research analysts forecast that Euronet Worldwide, Inc. will post 7.9 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. DA Davidson increased their price target on Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $125.00 target price on shares of Euronet Worldwide in a report on Monday, July 22nd. Wolfe Research upgraded shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a research note on Friday, May 17th. Keefe, Bruyette & Woods raised their price objective on shares of Euronet Worldwide from $115.00 to $116.00 and gave the stock a “market perform” rating in a research report on Thursday, May 2nd. Finally, Monness Crespi & Hardt upped their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 22nd. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.11.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Euronet Worldwide by 189.9% during the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Euronet Worldwide during the 4th quarter worth $30,000. Quadrant Capital Group LLC boosted its stake in Euronet Worldwide by 242.7% in the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after buying an additional 250 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Euronet Worldwide in the first quarter valued at about $50,000. Finally, First Horizon Advisors Inc. grew its position in Euronet Worldwide by 26.4% in the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Company Profile

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.