Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $137.00 at Oppenheimer

Euronet Worldwide (NASDAQ:EEFT) had its target price upped by Oppenheimer from $135.00 to $137.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Needham & Company LLC dropped their target price on shares of Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a report on Friday, April 25th. Keefe, Bruyette & Woods dropped their target price on shares of Euronet Worldwide from $112.00 to $110.00 and set a “market perform” rating for the company in a report on Friday, April 25th. Finally, William Blair reissued an “outperform” rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.86.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $106.94 on Wednesday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.60 and a current ratio of 1.60. The company has a fifty day moving average of $106.10 and a two-hundred day moving average of $102.40. The stock has a market capitalization of $4.62 billion, a PE ratio of 15.84, a P/E/G ratio of 0.79 and a beta of 1.23. Euronet Worldwide has a fifty-two week low of $85.24 and a fifty-two week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. The company had revenue of $915.50 million during the quarter, compared to analysts’ expectations of $908.93 million. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.28 earnings per share. As a group, research analysts forecast that Euronet Worldwide will post 9.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Blair William & Co. IL boosted its stake in Euronet Worldwide by 2.0% during the first quarter. Blair William & Co. IL now owns 5,007 shares of the business services provider’s stock worth $535,000 after buying an additional 100 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Euronet Worldwide by 48.4% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider’s stock worth $36,000 after purchasing an additional 109 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Euronet Worldwide by 2.5% during the first quarter. State of Alaska Department of Revenue now owns 4,833 shares of the business services provider’s stock worth $516,000 after purchasing an additional 120 shares in the last quarter. Fiduciary Financial Group LLC lifted its position in shares of Euronet Worldwide by 5.1% during the second quarter. Fiduciary Financial Group LLC now owns 2,455 shares of the business services provider’s stock worth $255,000 after purchasing an additional 120 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in Euronet Worldwide by 6.8% in the 1st quarter. Fifth Third Bancorp now owns 1,929 shares of the business services provider’s stock valued at $206,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other 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.