Oppenheimer Raises Euronet Worldwide (NASDAQ:EEFT) Price Target to $137.00

Euronet Worldwide (NASDAQ:EEFT - Free Report) had its target price hoisted by Oppenheimer from $135.00 to $137.00 in a research note issued to investors on Wednesday,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider's stock.

EEFT has been the subject of a number of other research reports. William Blair reissued an "outperform" rating on shares of Euronet Worldwide in a research note on Thursday, April 24th. Needham & Company LLC decreased their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, April 25th. Three equities research 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $126.86.

Euronet Worldwide Stock Performance

Shares of NASDAQ EEFT traded up $1.64 during midday trading on Wednesday, reaching $106.94. 265,013 shares of the stock were exchanged, compared to its average volume of 372,938. The firm has a 50-day simple moving average of $105.89 and a two-hundred day simple moving average of $102.40. Euronet Worldwide has a twelve month low of $85.24 and a twelve month high of $114.25. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 15.84, a PEG ratio of 0.78 and a beta of 1.23. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.46.

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

Institutional Trading of Euronet Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Euronet Worldwide in the 4th quarter valued at $53,072,000. AQR Capital Management LLC boosted its position in shares of Euronet Worldwide by 102.5% during the 1st quarter. AQR Capital Management LLC now owns 564,227 shares of the business services provider's stock worth $59,388,000 after purchasing an additional 285,564 shares during the period. GAMMA Investing LLC lifted its stake in Euronet Worldwide by 21,258.8% during the first quarter. GAMMA Investing LLC now owns 203,763 shares of the business services provider's stock worth $21,772,000 after purchasing an additional 202,809 shares in the last quarter. Voss Capital LP lifted its stake in Euronet Worldwide by 30.9% during the 1st quarter. Voss Capital LP now owns 824,589 shares of the business services provider's stock worth $88,107,000 after acquiring an additional 194,589 shares in the last quarter. Finally, Burgundy Asset Management Ltd. increased its stake in Euronet Worldwide by 21.0% during the fourth 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. Institutional investors and hedge funds 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.