Keefe, Bruyette & Woods Issues Positive Forecast for Euronet Worldwide (NASDAQ:EEFT) Stock Price

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

Several other equities analysts have also recently weighed in on EEFT. Citigroup cut Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Needham & Company LLC restated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a report on Thursday, December 12th. Oppenheimer cut their price target on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a report on Thursday, December 19th. Stephens reiterated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday. Finally, Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.00.

Euronet Worldwide Stock Up 0.7 %

Shares of EEFT opened at $104.64 on Friday. The company 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 business’s 50 day moving average is $100.82 and its 200 day moving average is $100.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88. Euronet Worldwide has a 12-month low of $91.07 and a 12-month high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results 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 8.49% and a return on equity of 26.86%. Research analysts expect that Euronet Worldwide will post 7.85 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. The trade was a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the transaction, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,910 shares of company stock worth $8,780,102 in the last quarter. 10.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new stake in Euronet Worldwide during the 4th quarter valued at $28,000. R Squared Ltd bought a new stake in Euronet Worldwide during the 4th quarter valued at $58,000. Covestor Ltd raised its position in Euronet Worldwide by 40.9% during the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 207 shares in the last quarter. Aster Capital Management DIFC Ltd raised its position in Euronet Worldwide by 15,240.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 709 shares in the last quarter. 91.60% of the stock is owned by institutional investors.

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.