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

Euronet Worldwide (NASDAQ:EEFT) had its price target upped by Needham & Company LLC from $120.00 to $125.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Needham & Company LLC’s target price points to a potential upside of 13.39% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Monness Crespi & Hardt assumed coverage on Euronet Worldwide in a report on Wednesday, March 20th. They issued a “buy” rating and a $140.00 price target on the stock. DA Davidson reaffirmed a “buy” rating and issued a $126.00 target price on shares of Euronet Worldwide in a research note on Monday, April 15th. Citigroup raised Euronet Worldwide from a “neutral” rating to a “buy” rating and upped their target price for the company from $116.00 to $120.00 in a research note on Monday, April 22nd. Evercore ISI upped their target price on Euronet Worldwide from $118.00 to $135.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Stephens raised Euronet Worldwide from an “equal weight” rating to an “overweight” rating and set a $120.00 target price on the stock in a research note on Thursday, February 1st. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Euronet Worldwide currently has an average rating of “Moderate Buy” and an average target price of $121.89.

Euronet Worldwide Price Performance

Shares of EEFT traded up $3.16 on Thursday, reaching $110.24. The stock had a trading volume of 285,392 shares, compared to its average volume of 272,910. The firm has a market capitalization of $5.06 billion, a PE ratio of 19.41 and a beta of 1.39. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. The firm has a 50-day moving average of $107.34 and a 200 day moving average of $98.44. Euronet Worldwide has a twelve month low of $73.84 and a twelve month high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results 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 business had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. Sell-side analysts expect that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Trading of Euronet Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock valued at $26,000 after acquiring an additional 169 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Euronet Worldwide in the 4th quarter valued at about $30,000. VisionPoint Advisory Group LLC grew its holdings in shares of Euronet Worldwide by 101.8% during the 3rd 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 period. Quadrant Capital Group LLC increased its position in Euronet Worldwide by 242.7% during the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after purchasing an additional 250 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Euronet Worldwide by 26.4% in the 4th quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.