Euronet Worldwide (NASDAQ:EEFT) Shares Gap Up to $102.68

Euronet Worldwide, Inc. (NASDAQ:EEFT) gapped up prior to trading on Wednesday . The stock had previously closed at $102.68, but opened at $114.00. Euronet Worldwide shares last traded at $107.35, with a volume of 64,842 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on EEFT shares. StockNews.com upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Needham & Company LLC raised their price objective on Euronet Worldwide from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Citigroup upgraded Euronet Worldwide from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $116.00 to $120.00 in a research note on Monday, April 22nd. DA Davidson reiterated a “buy” rating and issued a $126.00 target price on shares of Euronet Worldwide in a research note on Monday, April 15th. Finally, Evercore ISI boosted their price target on Euronet Worldwide from $118.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $120.78.

Euronet Worldwide Trading Up 2.6 %

The business’s 50 day moving average is $107.29 and its 200-day moving average is $98.20. The firm has a market cap of $4.91 billion, a P/E ratio of 19.40 and a beta of 1.39. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 25.23%. The company had revenue of $957.70 million for the quarter, compared to analysts’ expectations of $844.59 million. During the same period in the prior year, the company earned $1.12 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, analysts forecast that Euronet Worldwide, Inc. will post 7.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

Several institutional investors have recently made changes to their positions in EEFT. Allspring Global Investments Holdings LLC boosted its position in Euronet Worldwide by 17.3% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,710,006 shares of the business services provider’s stock valued at $294,500,000 after purchasing an additional 548,457 shares during the period. Van Berkom & Associates Inc. boosted its holdings in shares of Euronet Worldwide by 48.6% during the third quarter. Van Berkom & Associates Inc. now owns 1,069,693 shares of the business services provider’s stock valued at $84,912,000 after acquiring an additional 349,720 shares during the period. Burgundy Asset Management Ltd. grew its position in shares of Euronet Worldwide by 67.8% during the fourth quarter. Burgundy Asset Management Ltd. now owns 746,579 shares of the business services provider’s stock worth $75,770,000 after acquiring an additional 301,771 shares during the last quarter. Wasatch Advisors LP increased its holdings in shares of Euronet Worldwide by 0.6% in the 1st quarter. Wasatch Advisors LP now owns 582,680 shares of the business services provider’s stock worth $64,054,000 after acquiring an additional 3,346 shares during the period. Finally, Voss Capital LLC lifted its position in 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 purchasing an additional 195,404 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

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.