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

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

A number of other brokerages have also recently commented on EEFT. Monness Crespi & Hardt assumed coverage on Euronet Worldwide in a report on Wednesday, March 20th. They issued a buy rating and a $140.00 target price for the company. Needham & Company LLC increased their target price on shares of Euronet Worldwide from $120.00 to $125.00 and gave the company a buy rating in a research note on Thursday. StockNews.com raised shares of Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, February 15th. Evercore ISI upped their price target 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, DA Davidson reissued a buy rating and issued a $126.00 price objective on shares of Euronet Worldwide in a research note on Monday, April 15th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $121.89.

Euronet Worldwide Price Performance

EEFT stock 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 firm has a market capitalization of $5.06 billion, a P/E ratio of 19.41 and a beta of 1.39. The company 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 quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EEFT. Signaturefd LLC lifted its holdings in shares of Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after buying an additional 169 shares during the period. VisionPoint Advisory Group LLC lifted its stake in Euronet Worldwide by 101.8% in the third quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock worth $27,000 after acquiring an additional 171 shares during the period. GAMMA Investing LLC bought a new position in Euronet Worldwide during the 4th quarter worth about $30,000. Quadrant Capital Group LLC increased its position in Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares during the period. Finally, CWM LLC raised its holdings in shares of 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 in the last quarter. Institutional investors 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.