Euronet Worldwide (NASDAQ:EEFT) PT Raised to $116.00

Euronet Worldwide (NASDAQ:EEFT) had its price target boosted by Keefe, Bruyette & Woods from $115.00 to $116.00 in a research report sent to investors on Thursday, Benzinga reports. The brokerage currently has a market perform rating on the business services provider’s stock.

Several other equities analysts also recently weighed in on EEFT. Stephens raised Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 target price for the company in a research report on Thursday, February 1st. Needham & Company LLC upped their target price on shares of Euronet Worldwide from $120.00 to $125.00 and gave the stock a buy rating in a research note on Thursday. DA Davidson reissued a buy rating and issued a $126.00 price target on shares of Euronet Worldwide in a research report on Monday, April 15th. StockNews.com upgraded shares of Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, February 15th. Finally, Evercore ISI increased their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Euronet Worldwide has an average rating of Moderate Buy and a consensus target price of $121.89.

Euronet Worldwide Price Performance

Euronet Worldwide stock opened at $110.24 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.54 and a current ratio of 1.33. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 19.41 and a beta of 1.39. The company’s 50 day simple moving average is $107.34 and its 200-day simple moving average is $98.74. Euronet Worldwide has a 1 year low of $73.84 and a 1 year high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The company had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts expect that Euronet Worldwide will post 7.51 earnings per share for the current year.

Hedge Funds Weigh In On Euronet Worldwide

Large investors have recently bought and sold shares of the business. CWM LLC boosted its position in shares of Euronet Worldwide by 92.2% during the 3rd quarter. CWM LLC now owns 644 shares of the business services provider’s stock worth $51,000 after acquiring an additional 309 shares in the last quarter. Xponance Inc. increased its stake in Euronet Worldwide by 2.6% in the third quarter. Xponance Inc. now owns 8,361 shares of the business services provider’s stock valued at $664,000 after purchasing an additional 211 shares during the last quarter. AtonRa Partners raised its holdings in Euronet Worldwide by 3.6% during the third quarter. AtonRa Partners now owns 8,667 shares of the business services provider’s stock worth $688,000 after purchasing an additional 305 shares in the last quarter. Reinhart Partners LLC. lifted its position in shares of Euronet Worldwide by 40.9% during the 3rd quarter. Reinhart Partners LLC. now owns 465,229 shares of the business services provider’s stock worth $36,930,000 after buying an additional 134,972 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of Euronet Worldwide by 26.2% during the 3rd quarter. New York State Teachers Retirement System now owns 20,376 shares of the business services provider’s stock worth $1,617,000 after buying an additional 4,235 shares during the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

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.