Euronet Worldwide (NASDAQ:EEFT) Price Target Cut to $110.00 by Analysts at Keefe, Bruyette & Woods

Euronet Worldwide (NASDAQ:EEFT) had its target price cut by Keefe, Bruyette & Woods from $112.00 to $110.00 in a research note published on Friday,Benzinga reports. They currently have a market perform rating on the business services provider’s stock.

EEFT has been the subject of several other research reports. William Blair reaffirmed an “outperform” rating on shares of Euronet Worldwide in a research note on Thursday. StockNews.com cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, February 22nd. Stephens reiterated an “overweight” rating and issued a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Finally, Needham & Company LLC cut their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research report on Friday. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $125.57.

Euronet Worldwide Trading Down 2.2 %

Shares of Euronet Worldwide stock opened at $96.79 on Friday. The company has a 50-day moving average of $100.41 and a two-hundred day moving average of $101.07. Euronet Worldwide has a 12-month low of $85.24 and a 12-month high of $117.66. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.18 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, research analysts anticipate that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total value of $9,565,550.00. Following the completion of the transaction, the chief executive officer now directly owns 1,418,966 shares in the company, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 11.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC acquired a new position in Euronet Worldwide in the 4th quarter valued at $28,000. UMB Bank n.a. raised its holdings in Euronet Worldwide by 92.3% in the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 216 shares during the last quarter. R Squared Ltd acquired a new position in Euronet Worldwide in the 4th quarter valued at $58,000. Covestor Ltd raised its holdings in Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock valued at $73,000 after acquiring an additional 207 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd raised its holdings in Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock valued at $79,000 after acquiring an additional 762 shares during the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.