Insider Buying: Euronet Worldwide, Inc. (NASDAQ:EEFT) Director Buys $300,915.16 in Stock

Euronet Worldwide, Inc. (NASDAQ:EEFT) Director Thomas A. Mcdonnell acquired 3,206 shares of the business’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 90,000 shares of the company’s stock, valued at $8,447,400. The transaction was disclosed in a filing with the SEC, which is available through this link.

Euronet Worldwide Price Performance

NASDAQ EEFT opened at $97.73 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.33. The stock’s fifty day moving average price is $104.76 and its 200 day moving average price is $106.74. Euronet Worldwide, Inc. has a 1 year low of $73.84 and a 1 year high of $117.66. The company has a market cap of $4.48 billion, a price-to-earnings ratio of 17.21 and a beta of 1.45.

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

Hedge Funds Weigh In On Euronet Worldwide

Several hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Euronet Worldwide in the fourth quarter valued at $30,000. Quadrant Capital Group LLC boosted its holdings 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 purchasing an additional 250 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Euronet Worldwide in the first quarter valued at $50,000. Finally, First Horizon Advisors Inc. boosted its holdings 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 purchasing an additional 105 shares during the last quarter. 91.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EEFT shares. Keefe, Bruyette & Woods lifted their price objective on shares of Euronet Worldwide from $115.00 to $116.00 and gave the company a “market perform” rating in a report on Thursday, May 2nd. Wolfe Research raised shares of Euronet Worldwide from an “underperform” rating to a “peer perform” rating in a report on Friday, May 17th. DA Davidson lifted their price objective on shares of Euronet Worldwide from $126.00 to $136.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Citigroup lifted their price objective on shares of Euronet Worldwide from $120.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Finally, William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a research report on Wednesday, May 1st. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $124.11.

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.