Euronet Worldwide (NASDAQ:EEFT) Given New $135.00 Price Target at Oppenheimer

Euronet Worldwide (NASDAQ:EEFT) had its price objective raised by Oppenheimer from $121.00 to $135.00 in a research note released on Monday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

A number of other research analysts also recently issued reports on EEFT. Citigroup downgraded Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price target for the company from $118.00 to $110.00 in a report on Friday, October 18th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. DA Davidson restated a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. StockNews.com upgraded Euronet Worldwide from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Finally, Needham & Company LLC dropped their target price on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $127.13.

Euronet Worldwide Trading Up 1.0 %

Shares of NASDAQ:EEFT opened at $106.61 on Monday. Euronet Worldwide has a 12-month low of $86.26 and a 12-month high of $117.66. The business’s fifty day simple moving average is $99.99 and its 200-day simple moving average is $103.70. The company has a market capitalization of $4.68 billion, a PE ratio of 15.41 and a beta of 1.46. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the business posted $2.53 EPS. As a group, equities research analysts predict that Euronet Worldwide will post 7.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now owns 12,440 shares of the company’s stock, valued at approximately $1,276,095.20. The trade was a 24.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 10.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Euronet Worldwide

Several institutional investors and hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its holdings in shares of Euronet Worldwide by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after buying an additional 27,254 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Euronet Worldwide by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock valued at $152,900,000 after buying an additional 15,837 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Euronet Worldwide by 13.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after buying an additional 127,240 shares during the period. Van Berkom & Associates Inc. lifted its holdings in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock valued at $105,793,000 after buying an additional 14,090 shares during the period. Finally, Burgundy Asset Management Ltd. lifted its holdings in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock valued at $79,415,000 after buying an additional 10,689 shares during the period. Institutional investors and hedge funds own 91.60% of the company’s stock.

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.