Euronet Worldwide (NASDAQ:EEFT) PT Raised to $125.00

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

EEFT has been the subject of a number of other research reports. Monness Crespi & Hardt started coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They issued a buy rating and a $140.00 price objective for the company. William Blair reiterated an outperform rating on shares of Euronet Worldwide in a research report on Wednesday. StockNews.com upgraded shares of Euronet Worldwide from a hold rating to a buy rating in a research report on Thursday, February 15th. Citigroup upgraded shares of Euronet Worldwide from a neutral rating to a buy rating and upped their price target for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Finally, DA Davidson reiterated a buy rating and issued a $126.00 price objective on shares of Euronet Worldwide in a report on Monday, April 15th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $121.89.

Euronet Worldwide Stock Performance

NASDAQ:EEFT traded up $3.16 during mid-day trading on Thursday, hitting $110.24. The company’s stock had a trading volume of 285,392 shares, compared to its average volume of 272,910. The business’s fifty day moving average is $107.34 and its two-hundred day moving average is $98.58. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 19.41 and a beta of 1.39. 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 has a 1 year low of $73.84 and a 1 year high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last issued its 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. The firm had revenue of $957.70 million for the quarter, compared to the consensus estimate of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 earnings per share. Analysts anticipate that Euronet Worldwide will post 7.51 EPS for the current fiscal year.

Institutional Investors Weigh In On Euronet Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC grew its holdings in Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after buying an additional 169 shares in the last quarter. VisionPoint Advisory Group LLC boosted its position in shares of Euronet Worldwide by 101.8% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 171 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of Euronet Worldwide in the fourth quarter valued at about $30,000. Quadrant Capital Group LLC raised its stake in Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after purchasing an additional 250 shares during the period. Finally, CWM LLC boosted its holdings in Euronet Worldwide by 92.2% in the 3rd quarter. CWM LLC now owns 644 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 309 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.