Euronet Worldwide (NASDAQ:EEFT) Price Target Raised to $112.00 at Keefe, Bruyette & Woods

Euronet Worldwide (NASDAQ:EEFT - Free Report) had its price objective increased by Keefe, Bruyette & Woods from $108.00 to $112.00 in a research note released on Friday morning,Benzinga reports. They currently have a market perform rating on the business services provider's stock.

Several other analysts have also commented on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Thursday, December 12th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Thursday, February 13th. 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. Citigroup lowered Euronet Worldwide from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. Finally, Stephens reissued an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Euronet Worldwide has a consensus rating of "Moderate Buy" and an average price target of $127.00.

Euronet Worldwide Price Performance

EEFT stock traded up $5.24 during midday trading on Friday, hitting $109.88. 545,151 shares of the stock were exchanged, compared to its average volume of 313,382. The stock's 50-day moving average price is $100.84 and its 200-day moving average price is $100.91. 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 stock has a market cap of $4.83 billion, a price-to-earnings ratio of 15.88, a PEG ratio of 0.77 and a beta of 1.43. Euronet Worldwide has a fifty-two week low of $91.07 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share 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%. Research analysts predict that Euronet Worldwide will post 7.85 earnings per share for the current year.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares of the company's stock, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 transaction of $2,224,365.24. Following the sale, the chief executive officer now directly owns 52,370 shares of the company's stock, valued at $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,910 shares of company stock valued at $8,780,102. Insiders own 10.50% of the company's stock.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thompson Siegel & Walmsley LLC increased its position in Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider's stock worth $16,004,000 after purchasing an additional 8,230 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Euronet Worldwide in the third quarter worth $15,258,000. Janney Montgomery Scott LLC raised its stake in shares of Euronet Worldwide by 28.1% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider's stock valued at $1,236,000 after acquiring an additional 2,632 shares during the period. Holocene Advisors LP purchased a new position in shares of Euronet Worldwide in the 3rd quarter valued at $666,000. Finally, Reinhart Partners LLC. lifted its holdings in shares of Euronet Worldwide by 3.4% during the 4th quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider's stock valued at $64,496,000 after acquiring an additional 20,824 shares in the last quarter. 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.