Investment analysts at Goldman Sachs Group initiated coverage on shares of Euronet Worldwide (NASDAQ:EEFT) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the business services provider’s stock.

A number of other brokerages have also recently commented on EEFT. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a research note on Sunday, October 22nd. Zacks Investment Research cut Euronet Worldwide from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. SunTrust Banks reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Friday, October 6th. Northland Securities reaffirmed a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a research note on Thursday, October 19th. Finally, BidaskClub raised Euronet Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $108.67.

Shares of Euronet Worldwide (NASDAQ EEFT) opened at $91.57 on Thursday. The firm has a market capitalization of $4,846.13, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.42 and a beta of 1.36. Euronet Worldwide has a twelve month low of $70.51 and a twelve month high of $101.07. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.61. The firm had revenue of $637.90 million during the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 EPS. equities analysts anticipate that Euronet Worldwide will post 4.33 earnings per share for the current fiscal year.

In other news, CEO Michael J. Brown sold 2,400 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at approximately $160,348,600. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael J. Brown sold 63,538 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total value of $6,357,612.28. Following the completion of the transaction, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at $160,444,809.16. The disclosure for this sale can be found here. Corporate insiders own 7.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Alps Advisors Inc. grew its position in shares of Euronet Worldwide by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 5,753 shares of the business services provider’s stock valued at $503,000 after purchasing an additional 15 shares during the period. Renaissance Group LLC grew its position in shares of Euronet Worldwide by 0.9% in the 2nd quarter. Renaissance Group LLC now owns 3,864 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 36 shares during the period. American Century Companies Inc. grew its position in shares of Euronet Worldwide by 1.9% in the 2nd quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock valued at $434,000 after purchasing an additional 94 shares during the period. Utah Retirement Systems grew its position in shares of Euronet Worldwide by 1.1% in the 2nd quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock valued at $804,000 after purchasing an additional 100 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after purchasing an additional 116 shares during the period. Institutional investors and hedge funds own 95.39% of the company’s stock.

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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.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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