Brokerages Set Euronet Worldwide, Inc. (NASDAQ:EEFT) Price Target at $125.57

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) has received an average rating of "Moderate Buy" from the eight analysts that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $125.57.

Several analysts recently issued reports on EEFT shares. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a report on Thursday, April 24th. Keefe, Bruyette & Woods dropped their target price on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research report on Friday, April 25th. Finally, Needham & Company LLC reduced their price target on shares of Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded down $0.46 during mid-day trading on Friday, reaching $101.38. The company's stock had a trading volume of 392,767 shares, compared to its average volume of 372,174. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.46. Euronet Worldwide has a twelve month low of $85.24 and a twelve month high of $114.25. The business has a 50 day moving average price of $105.38 and a 200-day moving average price of $102.36. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 15.02, a PEG ratio of 0.76 and a beta of 1.27.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, meeting analysts' consensus estimates of $1.13. Euronet Worldwide had a net margin of 7.88% and a return on equity of 26.97%. The business had revenue of $915.50 million during the quarter, compared to the consensus estimate of $908.93 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The company's revenue for the quarter was up 6.8% compared to the same quarter last year. Sell-side analysts predict that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ieq Capital LLC acquired a new position in Euronet Worldwide during the fourth quarter worth about $354,000. Handelsbanken Fonder AB boosted its position in shares of Euronet Worldwide by 15.3% during the 4th quarter. Handelsbanken Fonder AB now owns 11,330 shares of the business services provider's stock valued at $1,165,000 after purchasing an additional 1,500 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Euronet Worldwide by 67.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 13,417 shares of the business services provider's stock worth $1,380,000 after purchasing an additional 5,413 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Euronet Worldwide in the 4th quarter worth approximately $28,000. Finally, Hahn Capital Management LLC lifted its stake in Euronet Worldwide by 48.0% during the fourth quarter. Hahn Capital Management LLC now owns 105,278 shares of the business services provider's stock valued at $10,827,000 after purchasing an additional 34,152 shares during the last quarter. Institutional investors 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.