Euronet Worldwide (NASDAQ:EEFT – Free Report) had its price objective upped by Needham & Company LLC from $115.00 to $120.00 in a research report sent to investors on Wednesday, Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.
A number of other research analysts have also recently commented on the stock. Truist Financial raised their price target on shares of Euronet Worldwide from $90.00 to $95.00 and gave the stock a buy rating in a research note on Monday, October 23rd. Stephens upgraded shares of Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 target price for the company in a research note on Thursday, February 1st. StockNews.com upgraded shares of Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, January 11th. Finally, DA Davidson cut their target price on shares of Euronet Worldwide from $134.00 to $118.00 and set a buy rating for the company in a research note on Friday, October 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $109.33.
Euronet Worldwide Stock Up 2.8 %
Euronet Worldwide (NASDAQ:EEFT – Get Free Report) last announced its quarterly earnings results on Wednesday, February 7th. The business services provider reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. The firm had revenue of $957.70 million during the quarter, compared to analysts’ expectations of $844.59 million. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 earnings per share. On average, research analysts forecast that Euronet Worldwide will post 7.45 EPS for the current year.
Institutional Trading of Euronet Worldwide
A number of hedge funds and other institutional investors have recently modified their holdings of EEFT. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Euronet Worldwide in the first quarter valued at approximately $211,000. Bank of Montreal Can grew its holdings in Euronet Worldwide by 39.2% during the 1st quarter. Bank of Montreal Can now owns 12,604 shares of the business services provider’s stock worth $1,587,000 after acquiring an additional 3,549 shares during the period. Rhumbline Advisers grew its holdings in Euronet Worldwide by 169.2% during the 1st quarter. Rhumbline Advisers now owns 140,005 shares of the business services provider’s stock worth $18,222,000 after acquiring an additional 87,988 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Euronet Worldwide during the 1st quarter worth $2,521,000. Finally, Great West Life Assurance Co. Can grew its holdings in Euronet Worldwide by 886.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 28,734 shares of the business services provider’s stock worth $3,844,000 after acquiring an additional 25,821 shares during the period. Institutional investors and hedge funds own 94.63% 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 card outsourcing, card issuing, and merchant acquiring services.
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