Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $125.00 at Needham & Company LLC

Euronet Worldwide (NASDAQ:EEFT) had its target price increased by Needham & Company LLC from $120.00 to $125.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the business services provider’s stock.

Several other research firms also recently commented on EEFT. Citigroup raised shares of Euronet Worldwide from a neutral rating to a buy rating and boosted their target price for the stock from $116.00 to $120.00 in a report on Monday, April 22nd. StockNews.com raised shares of Euronet Worldwide from a hold rating to a buy rating in a report on Thursday, February 15th. Evercore ISI lifted their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. DA Davidson reiterated a buy rating and issued a $126.00 target price on shares of Euronet Worldwide in a research report on Monday, April 15th. Finally, William Blair restated an outperform rating on shares of Euronet Worldwide in a report on Wednesday. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $121.89.

Euronet Worldwide Price Performance

Euronet Worldwide stock traded up $3.16 during mid-day trading on Thursday, hitting $110.24. The stock had a trading volume of 285,392 shares, compared to its average volume of 272,910. Euronet Worldwide has a one year low of $73.84 and a one year high of $121.55. The company has a current ratio of 1.33, a quick ratio of 1.54 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $5.06 billion, a P/E ratio of 19.41 and a beta of 1.39. The firm’s 50 day moving average is $107.34 and its 200 day moving average is $98.44.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The firm had revenue of $957.70 million during the quarter, compared to analyst estimates of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.12 earnings per share. On average, sell-side analysts forecast that Euronet Worldwide will post 7.51 earnings per share for the current fiscal year.

Institutional Trading of Euronet Worldwide

A number of 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 acquiring an additional 169 shares during the last quarter. 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 purchasing an additional 171 shares during the last quarter. GAMMA Investing LLC purchased a new position in shares of Euronet Worldwide during the fourth quarter valued at approximately $30,000. Quadrant Capital Group LLC grew its stake in shares of Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after buying an additional 250 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Euronet Worldwide by 92.2% in the third quarter. CWM LLC now owns 644 shares of the business services provider’s stock worth $51,000 after buying an additional 309 shares during the period. 91.60% of the stock is currently owned by institutional investors.

Euronet Worldwide Company Profile

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.