Euronet Worldwide (NASDAQ:EEFT) PT Lowered to $120.00

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) had its target price dropped by analysts at Needham & Company LLC from $125.00 to $120.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a "buy" rating on the business services provider's stock. Needham & Company LLC's target price points to a potential upside of 17.35% from the company's current price.

A number of other equities analysts have also weighed in on the stock. StockNews.com lowered shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. Monness Crespi & Hardt increased their target price on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a "neutral" rating in a research report on Monday, July 22nd. Citigroup lowered shares of Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their target price for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. DA Davidson restated a "buy" rating and issued a $136.00 price objective on shares of Euronet Worldwide in a research report on Tuesday, October 8th. Finally, Oppenheimer assumed coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $121.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.38.

Euronet Worldwide Stock Performance

NASDAQ:EEFT traded up $3.17 on Thursday, reaching $102.26. 630,298 shares of the company's stock were exchanged, compared to its average volume of 305,622. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 18.00 and a beta of 1.46. Euronet Worldwide has a 52 week low of $75.41 and a 52 week high of $117.66. The stock has a fifty day simple moving average of $100.47 and a 200-day simple moving average of $104.32.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell bought 3,206 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now directly owns 90,000 shares of the company's stock, valued at $8,447,400. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the transaction, the chief executive officer now directly owns 12,440 shares of the company's stock, valued at approximately $1,276,095.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas A. Mcdonnell purchased 3,206 shares of the firm's stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $93.86 per share, for a total transaction of $300,915.16. Following the completion of the purchase, the director now directly owns 90,000 shares of the company's stock, valued at approximately $8,447,400. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 10.50% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its stake in shares of Euronet Worldwide by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider's stock worth $333,039,000 after acquiring an additional 27,254 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Euronet Worldwide by 1.2% during the first quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider's stock worth $152,900,000 after acquiring an additional 15,837 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in shares of Euronet Worldwide by 1.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider's stock worth $105,793,000 after acquiring an additional 14,090 shares in the last quarter. Burgundy Asset Management Ltd. raised its stake in shares of Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider's stock worth $79,415,000 after acquiring an additional 10,689 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Euronet Worldwide by 17.7% in the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider's stock worth $78,172,000 after purchasing an additional 113,685 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other 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.