Euronet Worldwide (NASDAQ:EEFT – Get a rating) saw its target price lowered by research analysts at UBS Group from $174.00 to $158.00 in a research report released Friday to clients and investors, MarketBeat.com reports. The brokerage currently has a “buy” rating on the shares of the business services provider. The UBS Group price target indicates an upside potential of 59.24% from the company’s current price.

Other research analysts have also published research reports on the stock. Keefe, Bruyette & Woods cut their price target on Euronet Worldwide shares from $164.00 to $140.00 in a Monday July 11 research note. Truist Financial cut its price target on Euronet Worldwide from $185.00 to $130.00 and placed a “hold” rating on the stock in a research report on Friday. Citigroup lowered its price target on Euronet Worldwide from $170.00 to $145.00 in a Sunday July 24 research report. StockNews.com purported coverage on Euronet Worldwide in a research report Thursday, March 31. They have set a “holding” rating on the stock. Finally, Wolfe Research downgraded Euronet Worldwide from an “outperform” rating to a “peer performance” rating in a report released Friday. Two equity research analysts gave the stock a hold rating and four gave the company a buy rating. Based on MarketBeat data, Euronet Worldwide currently has a consensus rating of “Moderate Buy” and an average price target of $140.43.

Euronet global stock up 1.9%

NASDAQ:EEFT shares traded at $1.87 on Friday, hitting $99.22. The company had a trading volume of 29,566 shares, compared to an average volume of 533,986. The company has a market capitalization of $5.02 billion, a PE ratio of 58.46 and a beta of 1.42. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt ratio of 1.54. Euronet Worldwide has a 52 week low of $92.88 and a 52 week high of $149.92. The company’s 50-day simple moving average is $106.55 and its 200-day simple moving average is $119.56.

Euronet Worldwide (NASDAQ:EEFT – Get a rating) last released its results on Tuesday, April 26. The business services provider reported earnings per share (EPS) of $0.51 for the quarter, missing the consensus estimate of $0.59 per ($0.08). The company posted revenue of $718.50 million in the quarter, compared to $726.46 million expected by analysts. Euronet Worldwide achieved a net margin of 2.89% and a return on equity of 14.04%. Euronet Worldwide revenue for the quarter increased 10.1% year-on-year. In the same quarter last year, the company achieved EPS of $0.11. As a group, analysts expect Euronet Worldwide to post earnings per share of 6.48 for the current financial year.

Hedge funds weigh on Euronet around the world

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. increased its stake in Euronet Worldwide shares by 58.8% in the 4th quarter. Bessemer Group Inc. now owns 3,647 shares of the business services provider valued at $435,000 after acquiring an additional 1,350 shares in the last quarter. Lapides Asset Management LLC increased its position in Euronet Worldwide by 67.6% during the fourth quarter. Lapides Asset Management LLC now owns 79,600 shares of the business services provider valued at $9,486,000 after purchasing an additional 32,100 shares during the period. Dupont Capital Management Corp increased its stake in Euronet Worldwide by 4.1% in the fourth quarter. Dupont Capital Management Corp now owns 53,481 shares of the business services provider valued at $6,373,000 after buying 2,103 additional shares in the last quarter. Riverwater Partners LLC acquired a new stake in Euronet Worldwide during the 4th quarter valued at approximately $411,000. Finally, Raymond James Trust NA increased its stake in Euronet Worldwide shares by 15.4% during the 4th quarter. Raymond James Trust NA now owns 2,158 shares of the business services provider valued at $257,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds own 94.42% of the company’s shares.

About Euronet Worldwide

(Get a rating)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, agents, retailers, merchants, content providers and individual consumers worldwide. The Company’s Electronic Funds 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), credit and debit card outsourcing, card management, merchant acquiring and issuing services.

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