Euronet Worldwide’s (EEFT) Outperform Rating Reiterated at William Blair

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

A number of other research analysts have also weighed in on EEFT. DA Davidson restated a buy rating and issued a $126.00 price objective on shares of Euronet Worldwide in a report on Monday, April 15th. Stephens raised shares of Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 price objective for the company in a research note on Thursday, February 1st. Evercore ISI boosted their target price on Euronet Worldwide from $118.00 to $135.00 and gave the stock an outperform rating in a report on Tuesday, March 26th. Monness Crespi & Hardt started coverage on Euronet Worldwide in a report on Wednesday, March 20th. They issued a buy rating and a $140.00 price target for the company. Finally, StockNews.com raised Euronet Worldwide from a hold rating to a buy rating in a research note on Thursday, February 15th. Ten equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of Buy and an average price target of $120.75.

Euronet Worldwide Stock Up 1.6 %

Shares of EEFT opened at $104.37 on Wednesday. The firm has a market cap of $4.79 billion, a P/E ratio of 18.91 and a beta of 1.39. Euronet Worldwide has a 12 month low of $73.84 and a 12 month high of $121.55. The stock’s 50 day moving average is $107.29 and its two-hundred day moving average is $98.14. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.34. The business had revenue of $957.70 million for the quarter, compared to the consensus estimate 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 was up 10.6% compared to the same quarter last year. During the same period last year, the firm posted $1.12 earnings per share. Analysts predict that Euronet Worldwide will post 7.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EEFT. Allspring Global Investments Holdings LLC boosted its stake in Euronet Worldwide by 17.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock worth $294,500,000 after buying an additional 548,457 shares during the last quarter. Norges Bank acquired a new position in Euronet Worldwide in the fourth quarter valued at $54,947,000. Burgundy Asset Management Ltd. acquired a new stake in Euronet Worldwide during the third quarter worth about $35,309,000. Van Berkom & Associates Inc. raised its holdings in shares of Euronet Worldwide by 48.6% in the 3rd quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock worth $84,912,000 after purchasing an additional 349,720 shares during the period. Finally, Ophir Asset Management Pty Ltd purchased a new stake in shares of Euronet Worldwide during the 4th quarter worth about $31,186,000. 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.