Euronet Worldwide (NASDAQ:EEFT) Price Target Cut to $110.00 by Analysts at Keefe, Bruyette & Woods

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) had its target price dropped by equities 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 firm presently has a "market perform" rating on the business services provider's stock. Keefe, Bruyette & Woods' price target points to a potential upside of 11.00% from the stock's current price.

EEFT has been the subject of a number of other reports. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Saturday, February 22nd. Needham & Company LLC lowered 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. 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. Finally, William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Price Performance

Shares of NASDAQ:EEFT traded down $1.83 during midday trading on Friday, hitting $99.10. The stock had a trading volume of 620,686 shares, compared to its average volume of 439,251. 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 company has a market capitalization of $4.28 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 0.78 and a beta of 1.18. The company's 50-day moving average price is $100.10 and its 200-day moving average price is $101.07. Euronet Worldwide has a fifty-two week low of $85.24 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results 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 return on equity of 27.74% and a net margin of 7.69%. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.28 EPS. As a group, equities research analysts predict that Euronet Worldwide will post 9.11 EPS for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In related news, CEO Michael J. Brown sold 95,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the sale, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This represents a 6.27 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 11.20% of the company's stock.

Hedge Funds Weigh In On Euronet Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new position in Euronet Worldwide during the fourth quarter worth $28,000. UMB Bank n.a. boosted its position in shares of Euronet Worldwide by 92.3% during the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after purchasing an additional 216 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Euronet Worldwide in the 4th quarter valued at about $58,000. Covestor Ltd increased its position in Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after buying an additional 207 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its stake in Euronet Worldwide by 15,240.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after buying an additional 762 shares during the period. 91.60% of the stock is currently owned by 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.