Keefe, Bruyette & Woods Cuts Euronet Worldwide (NASDAQ:EEFT) Price Target to $110.00

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) had its price target cut by research analysts at Keefe, Bruyette & Woods from $112.00 to $110.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the business services provider's stock. Keefe, Bruyette & Woods' target price would indicate a potential upside of 11.87% from the company's previous close.

Several other analysts also recently weighed in on the stock. Stephens restated an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research report on Friday, February 14th. William Blair restated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday. StockNews.com downgraded shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Finally, Needham & Company LLC reduced their price objective on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research report on Friday. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Euronet Worldwide presently has a consensus rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Stock Up 1.6 %

Euronet Worldwide stock traded up $1.54 during trading on Friday, reaching $98.33. The stock had a trading volume of 588,902 shares, compared to its average volume of 350,891. Euronet Worldwide has a 52-week low of $85.24 and a 52-week high of $117.66. The business has a 50 day moving average price of $100.21 and a 200 day moving average price of $101.07. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. The stock has a market cap of $4.25 billion, a PE ratio of 15.20, a P/E/G ratio of 0.78 and a beta of 1.18.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The company had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. During the same quarter in the previous year, the firm earned $1.28 earnings per share. The firm's quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts predict that Euronet Worldwide will post 9.11 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Michael J. Brown sold 95,000 shares of the business's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $100.69, for a total value of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares of the company's stock, valued at approximately $142,875,686.54. The trade was a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of Euronet Worldwide by 0.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider's stock worth $340,955,000 after purchasing an additional 16,220 shares during the period. Janus Henderson Group PLC grew its stake in shares of Euronet Worldwide by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider's stock worth $142,575,000 after purchasing an additional 20,805 shares during the period. Burgundy Asset Management Ltd. grew its stake in shares of Euronet Worldwide by 21.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider's stock worth $112,743,000 after purchasing an additional 190,453 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Euronet Worldwide by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider's stock worth $84,512,000 after purchasing an additional 24,569 shares during the period. Finally, Reinhart Partners LLC. grew its stake in shares of Euronet Worldwide by 17.7% during the 1st quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock worth $78,896,000 after purchasing an additional 111,234 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

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.