Needham & Company LLC Raises Euronet Worldwide (NASDAQ:EEFT) Price Target to $125.00

Euronet Worldwide (NASDAQ:EEFT) had its price target upped by Needham & Company LLC from $120.00 to $125.00 in a research note published on Thursday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

Several other research firms have also commented on EEFT. Monness Crespi & Hardt began coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They set a buy rating and a $140.00 price target on the stock. StockNews.com raised Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, February 15th. DA Davidson reiterated a buy rating and set a $126.00 price target on shares of Euronet Worldwide in a report on Monday, April 15th. Evercore ISI boosted their price objective on shares of Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a report on Tuesday, March 26th. Finally, Citigroup raised shares of Euronet Worldwide from a neutral rating to a buy rating and increased their target price for the stock from $116.00 to $120.00 in a research note on Monday, April 22nd. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Euronet Worldwide has an average rating of Moderate Buy and an average target price of $121.89.

Euronet Worldwide Stock Up 3.0 %

Shares of EEFT opened at $110.24 on Thursday. Euronet Worldwide has a 52-week low of $73.84 and a 52-week high of $121.55. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. The stock has a fifty day simple moving average of $107.34 and a two-hundred day simple moving average of $98.74. The company has a market capitalization of $5.06 billion, a PE ratio of 19.41 and a beta of 1.39.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. SkyView Investment Advisors LLC boosted its position in Euronet Worldwide by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock valued at $283,000 after buying an additional 186 shares during the period. FCF Advisors LLC acquired a new position in Euronet Worldwide during the 4th quarter worth $794,000. Voss Capital LLC grew its stake in Euronet Worldwide by 52.8% during the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock worth $57,368,000 after purchasing an additional 195,404 shares in the last quarter. Burgundy Asset Management Ltd. purchased a new stake in Euronet Worldwide during the 3rd quarter worth about $35,309,000. Finally, Algert Global LLC raised its position in Euronet Worldwide by 133.5% in the 3rd quarter. Algert Global LLC now owns 52,014 shares of the business services provider’s stock valued at $4,129,000 after purchasing an additional 29,739 shares in the last quarter. Institutional investors and hedge funds 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.