Brokerages Set Euronet Worldwide, Inc. (NASDAQ:EEFT) PT at $123.83

Key Points

• Euronet Worldwide, Inc. has received a consensus rating of "Moderate Buy" from eight brokerages, with two firms recommending hold, five recommending buy, and one a strong buy.
• The average 12-month price target for the stock is $123.83, while recent analyst reports have adjusted price targets between $110.00 and $137.00.
• Institutional investors hold 91.60% of Euronet's stock, with significant increases in holdings by firms such as AQR Capital Management and American Century Companies.

Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $123.8333.

A number of analysts have recently commented on the company. William Blair reaffirmed an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC lowered their price target on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Keefe, Bruyette & Woods lowered their price target on Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Finally, Oppenheimer upped their price target on Euronet Worldwide from $135.00 to $137.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd.

Hedge Funds Weigh In On Euronet Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. increased its stake in Euronet Worldwide by 25.2% during the 4th quarter. Invesco Ltd. now owns 123,386 shares of the business services provider's stock worth $12,689,000 after purchasing an additional 24,829 shares in the last quarter. Mariner LLC increased its stake in Euronet Worldwide by 20.2% during the 4th quarter. Mariner LLC now owns 4,197 shares of the business services provider's stock worth $432,000 after purchasing an additional 706 shares in the last quarter. Bridgewater Associates LP increased its stake in Euronet Worldwide by 12.3% during the 4th quarter. Bridgewater Associates LP now owns 56,283 shares of the business services provider's stock worth $5,788,000 after purchasing an additional 6,151 shares in the last quarter. Jump Financial LLC bought a new stake in Euronet Worldwide during the 4th quarter worth approximately $263,000. Finally, Farringdon Capital Ltd. bought a new stake in Euronet Worldwide during the 4th quarter worth approximately $376,000. 91.60% of the stock is currently owned by institutional investors and hedge funds.

Euronet Worldwide Trading Down 0.1%

EEFT stock traded down $0.06 during midday trading on Friday, reaching $95.09. The stock had a trading volume of 911,669 shares, compared to its average volume of 774,056. The business has a fifty day simple moving average of $100.72 and a two-hundred day simple moving average of $102.06. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.74. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 0.76 and a beta of 1.25. Euronet Worldwide has a twelve month low of $85.24 and a twelve month high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The business services provider reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. Euronet Worldwide had a return on equity of 26.62% and a net margin of 8.06%.Euronet Worldwide's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.25 earnings per share. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. As a group, research analysts expect that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

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.