Euronet Worldwide (NASDAQ:EEFT) Given New $112.00 Price Target at Keefe, Bruyette & Woods

Euronet Worldwide (NASDAQ:EEFT) had its target price raised by stock analysts at Keefe, Bruyette & Woods from $108.00 to $112.00 in a research note issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the business services provider’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 7.37% from the stock’s current price.

Several other brokerages have also recently weighed in on EEFT. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their price target for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average price target of $127.00.

Euronet Worldwide Stock Performance

EEFT stock traded up $0.40 during midday trading on Friday, reaching $104.31. The stock had a trading volume of 192,036 shares, compared to its average volume of 292,007. The firm has a fifty day simple moving average of $100.80 and a two-hundred day simple moving average of $100.85. Euronet Worldwide has a 52-week low of $91.07 and a 52-week high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $4.58 billion, a PE ratio of 15.07, a P/E/G ratio of 0.77 and a beta of 1.43.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. As a group, equities research analysts anticipate that Euronet Worldwide will post 7.85 EPS for the current year.

Insider Transactions at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 82,910 shares of company stock valued at $8,780,102 over the last 90 days. Corporate insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors and hedge funds have recently added to or reduced their stakes in EEFT. Sanctuary Advisors LLC purchased a new position in shares of Euronet Worldwide in the second quarter worth about $200,000. Ellsworth Advisors LLC raised its holdings in Euronet Worldwide by 20.3% in the 3rd quarter. Ellsworth Advisors LLC now owns 5,972 shares of the business services provider’s stock valued at $593,000 after acquiring an additional 1,007 shares during the last quarter. Net Worth Advisory Group purchased a new position in Euronet Worldwide in the 3rd quarter worth approximately $230,000. Allspring Global Investments Holdings LLC boosted its holdings in shares of Euronet Worldwide by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock worth $333,039,000 after purchasing an additional 27,254 shares during the last quarter. Finally, Lecap Asset Management Ltd. grew its position in shares of Euronet Worldwide by 113.4% in the third quarter. Lecap Asset Management Ltd. now owns 5,018 shares of the business services provider’s stock valued at $498,000 after purchasing an additional 2,666 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.