Keefe, Bruyette & Woods Raises Euronet Worldwide (NASDAQ:EEFT) Price Target to $116.00

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

EEFT has been the topic of several other research reports. Needham & Company LLC upped their price target on Euronet Worldwide from $120.00 to $125.00 and gave the company a buy rating in a report on Thursday. Citigroup raised Euronet Worldwide from a neutral rating to a buy rating and boosted their target price for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Evercore ISI increased their price target on Euronet Worldwide from $118.00 to $135.00 and gave the company an outperform rating in a research report on Tuesday, March 26th. DA Davidson reissued a buy rating and issued a $126.00 price target on shares of Euronet Worldwide in a research note on Monday, April 15th. Finally, Stephens raised shares of Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 price objective for the company in a research note on Thursday, February 1st. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $121.89.

Euronet Worldwide Price Performance

Shares of Euronet Worldwide stock traded up $3.16 during trading on Thursday, hitting $110.24. The stock had a trading volume of 285,392 shares, compared to its average volume of 272,910. The business has a fifty day moving average of $107.34 and a two-hundred day moving average of $98.58. The firm has a market cap of $5.06 billion, a P/E ratio of 19.41 and a beta of 1.39. Euronet Worldwide has a fifty-two week low of $73.84 and a fifty-two week high of $121.55. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.33 and a quick ratio of 1.54.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, beating 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 company had revenue of $957.70 million during the quarter, compared to analyst estimates of $844.59 million. During the same quarter last year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, sell-side analysts expect that Euronet Worldwide will post 7.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in Euronet Worldwide by 17.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock valued at $294,500,000 after purchasing an additional 548,457 shares in the last quarter. Norges Bank bought a new stake in shares of Euronet Worldwide in the 4th quarter valued at approximately $54,947,000. Burgundy Asset Management Ltd. acquired a new position in Euronet Worldwide in the third quarter worth approximately $35,309,000. Van Berkom & Associates Inc. increased its holdings in Euronet Worldwide by 48.6% in the third quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock worth $84,912,000 after buying an additional 349,720 shares during the last quarter. Finally, Ophir Asset Management Pty Ltd bought a new position in Euronet Worldwide during the fourth quarter valued at approximately $31,186,000. 91.60% of the stock is owned by hedge funds and other 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.