Euronet Worldwide (NASDAQ:EEFT) Rating Reiterated by William Blair

William Blair reiterated their outperform rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research report report published on Wednesday, RTT News reports.

EEFT has been the subject of a number of other reports. Citigroup upgraded Euronet Worldwide from a neutral rating to a buy rating and raised their price objective for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. Monness Crespi & Hardt initiated coverage on Euronet Worldwide in a research report on Wednesday, March 20th. They set a buy rating and a $140.00 price objective for the company. Stephens upgraded Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 price objective for the company in a research report on Thursday, February 1st. Evercore ISI raised their price objective on Euronet Worldwide from $118.00 to $135.00 and gave the stock an outperform rating in a research report on Tuesday, March 26th. Finally, DA Davidson restated a buy rating and set a $126.00 price objective on shares of Euronet Worldwide in a research report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Euronet Worldwide currently has an average rating of Moderate Buy and an average price target of $121.89.

Euronet Worldwide Trading Up 3.0 %

Shares of NASDAQ EEFT opened at $110.24 on Wednesday. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $121.55. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 19.41 and a beta of 1.39. The company has a quick ratio of 1.54, a current ratio of 1.33 and a debt-to-equity ratio of 1.01. The business has a fifty day simple moving average of $107.34 and a 200-day simple moving average of $98.44.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, beating the consensus estimate of $1.54 by $0.34. Euronet Worldwide had a return on equity of 26.71% and a net margin of 7.63%. The business had revenue of $957.70 million during the quarter, compared to the consensus estimate of $844.59 million. During the same period in the prior year, the business posted $1.12 earnings per share. Euronet Worldwide’s revenue was up 10.6% compared to the same quarter last year. Sell-side analysts predict that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. SkyView Investment Advisors LLC raised its stake in shares of Euronet Worldwide by 5.5% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,572 shares of the business services provider’s stock valued at $283,000 after acquiring an additional 186 shares in the last quarter. FCF Advisors LLC bought a new position in shares of Euronet Worldwide in the 4th quarter valued at approximately $794,000. Voss Capital LLC raised its stake in shares of Euronet Worldwide by 52.8% in the 4th quarter. Voss Capital LLC now owns 565,256 shares of the business services provider’s stock valued at $57,368,000 after acquiring an additional 195,404 shares in the last quarter. Burgundy Asset Management Ltd. bought a new position in shares of Euronet Worldwide in the 3rd quarter valued at approximately $35,309,000. Finally, Algert Global LLC raised its stake in shares of Euronet Worldwide by 133.5% in the 3rd quarter. Algert Global LLC now owns 52,014 shares of the business services provider’s stock valued at $4,129,000 after acquiring an additional 29,739 shares in the last quarter. 91.60% of the stock is 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.