Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $135.00

Euronet Worldwide (NASDAQ:EEFT) had its price objective increased by Oppenheimer from $121.00 to $135.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has an outperform rating on the business services provider’s stock.

EEFT has been the subject of a number of other reports. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Needham & Company LLC dropped their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. Finally, DA Davidson restated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.13.

Euronet Worldwide Trading Down 0.2 %

Shares of EEFT stock opened at $105.18 on Monday. The business’s fifty day moving average price is $100.26 and its 200 day moving average price is $103.58. The firm has a market capitalization of $4.62 billion, a PE ratio of 15.20 and a beta of 1.46. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. Euronet Worldwide has a 1-year low of $86.26 and a 1-year high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company posted $2.53 EPS. As a group, sell-side analysts forecast that Euronet Worldwide will post 7.87 EPS for the current fiscal year.

Insider Activity

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The stock was 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 $9,625,603.68. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 65,431 shares of company stock valued at $6,966,057 over the last 90 days. Insiders own 10.50% of the company’s stock.

Hedge Funds Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the stock. Franklin Resources Inc. grew its stake in shares of Euronet Worldwide by 22.2% during the 3rd quarter. Franklin Resources Inc. now owns 33,921 shares of the business services provider’s stock valued at $3,359,000 after buying an additional 6,154 shares during the period. Tidal Investments LLC boosted its holdings in Euronet Worldwide by 10.8% in the third quarter. Tidal Investments LLC now owns 7,195 shares of the business services provider’s stock valued at $714,000 after acquiring an additional 704 shares during the last quarter. McIlrath & Eck LLC increased its stake in Euronet Worldwide by 16.2% during the third quarter. McIlrath & Eck LLC now owns 1,476 shares of the business services provider’s stock worth $146,000 after acquiring an additional 206 shares during the last quarter. ABS Direct Equity Fund LLC raised its holdings in shares of Euronet Worldwide by 21.8% in the 3rd quarter. ABS Direct Equity Fund LLC now owns 30,000 shares of the business services provider’s stock worth $2,977,000 after purchasing an additional 5,364 shares during the period. Finally, M&T Bank Corp lifted its stake in shares of Euronet Worldwide by 7.0% in the 3rd quarter. M&T Bank Corp now owns 4,245 shares of the business services provider’s stock valued at $421,000 after purchasing an additional 279 shares in the last quarter. Institutional investors and hedge funds 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.