Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $112.00

Euronet Worldwide (NASDAQ:EEFT) had its price target upped by Keefe, Bruyette & Woods from $108.00 to $112.00 in a research note issued to investors on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the business services provider’s stock.

EEFT has been the subject of a number of other reports. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday. Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Citigroup cut shares of 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. Oppenheimer reduced their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Finally, Stephens reaffirmed an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $127.00.

Euronet Worldwide Stock Up 0.7 %

EEFT stock opened at $104.64 on Friday. Euronet Worldwide has a one year low of $91.07 and a one year high of $117.66. The stock has a market capitalization of $4.60 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. 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 company has a fifty day moving average of $100.82 and a 200-day moving average of $100.87.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, analysts expect that Euronet Worldwide will post 7.85 EPS for the current year.

Insider Activity

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

Institutional Trading of Euronet Worldwide

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its stake in Euronet Worldwide by 0.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock valued at $340,955,000 after purchasing an additional 16,220 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after purchasing an additional 127,240 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock valued at $84,512,000 after purchasing an additional 24,569 shares during the last quarter. Wasatch Advisors LP increased its stake in Euronet Worldwide by 1.0% during the fourth quarter. Wasatch Advisors LP now owns 723,785 shares of the business services provider’s stock valued at $74,434,000 after purchasing an additional 7,246 shares during the last quarter. Finally, Voss Capital LP increased its stake in Euronet Worldwide by 21.9% during the fourth quarter. Voss Capital LP now owns 630,000 shares of the business services provider’s stock valued at $64,789,000 after purchasing an additional 113,236 shares during 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.