Euronet Worldwide (NASDAQ:EEFT) Earns “Outperform” Rating from William Blair

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

EEFT has been the topic of a number of other reports. Monness Crespi & Hardt started coverage on shares of Euronet Worldwide in a research report on Wednesday, March 20th. They issued a buy rating and a $140.00 price objective on the stock. Stephens upgraded shares of Euronet Worldwide from an equal weight rating to an overweight rating and set a $120.00 target price on the stock in a research report on Thursday, February 1st. StockNews.com upgraded shares of Euronet Worldwide from a hold rating to a buy rating in a research report on Thursday, February 15th. Needham & Company LLC boosted their target price on shares of Euronet Worldwide from $115.00 to $120.00 and gave the stock a buy rating in a research report on Wednesday, February 7th. Finally, Citigroup upgraded shares of Euronet Worldwide from a neutral rating to a buy rating and boosted their target price for the stock from $116.00 to $120.00 in a research report on Monday, April 22nd. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $121.89.

Euronet Worldwide Stock Performance

Shares of EEFT opened at $110.24 on Wednesday. The company has a current ratio of 1.33, a quick ratio of 1.54 and a debt-to-equity ratio of 1.01. The firm has a market cap of $5.06 billion, a PE ratio of 19.41 and a beta of 1.39. The company’s 50 day simple moving average is $107.34 and its 200-day simple moving average is $98.44. Euronet Worldwide has a 12-month low of $73.84 and a 12-month high of $121.55.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.34. Euronet Worldwide had a net margin of 7.63% and a return on equity of 26.71%. The firm had revenue of $957.70 million for the quarter, compared to analyst estimates of $844.59 million. During the same period last year, the firm posted $1.12 EPS. Euronet Worldwide’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities analysts predict that Euronet Worldwide will post 7.51 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in EEFT. Signaturefd LLC raised its stake in shares of Euronet Worldwide by 189.9% during the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after buying an additional 169 shares during the last quarter. VisionPoint Advisory Group LLC raised its stake in Euronet Worldwide by 101.8% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 339 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 171 shares during the last quarter. GAMMA Investing LLC acquired a new position in Euronet Worldwide in the 4th quarter valued at about $30,000. Quadrant Capital Group LLC raised its stake in Euronet Worldwide by 242.7% in the 4th quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 250 shares during the last quarter. Finally, CWM LLC raised its stake in Euronet Worldwide by 92.2% in the 3rd quarter. CWM LLC now owns 644 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 309 shares during the last quarter. 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.