Euronet Worldwide, Inc. (NASDAQ:EEFT) hit a new 52-week high on Wednesday . The stock traded as high as $163.59 and last traded at $162.98, with a volume of 21683 shares changing hands. The stock had previously closed at $161.35.

Several brokerages recently weighed in on EEFT. BidaskClub downgraded shares of Euronet Worldwide from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Co raised their price target on shares of Euronet Worldwide from $150.00 to $164.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. They noted that the move was a valuation call. DA Davidson raised their price target on shares of Euronet Worldwide to $165.00 and gave the company an “average” rating in a research report on Friday, April 5th. They noted that the move was a valuation call. Piper Jaffray Companies raised their price target on shares of Euronet Worldwide to $159.00 in a research report on Tuesday, March 5th. Finally, Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $145.00 price target for the company in a research report on Thursday, February 14th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $153.29.

The company has a market capitalization of $8.38 billion, a price-to-earnings ratio of 30.69, a price-to-earnings-growth ratio of 1.80 and a beta of 1.16. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.50.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings results on Monday, April 29th. The business services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The business had revenue of $577.50 million for the quarter, compared to analysts’ expectations of $602.73 million. Euronet Worldwide had a net margin of 9.40% and a return on equity of 24.83%. The company’s revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 EPS. Analysts expect that Euronet Worldwide, Inc. will post 6.7 earnings per share for the current year.

In other Euronet Worldwide news, VP Jeffrey B. Newman sold 5,461 shares of Euronet Worldwide stock in a transaction on Friday, June 7th. The shares were sold at an average price of $161.12, for a total value of $879,876.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 6.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meridian Wealth Management LLC bought a new position in Euronet Worldwide during the 1st quarter valued at about $43,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Euronet Worldwide in the 1st quarter worth approximately $45,000. Premia Global Advisors LLC purchased a new stake in shares of Euronet Worldwide in the 1st quarter worth approximately $55,000. Captrust Financial Advisors lifted its position in shares of Euronet Worldwide by 163.0% in the 4th quarter. Captrust Financial Advisors now owns 668 shares of the business services provider’s stock worth $68,000 after purchasing an additional 414 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Euronet Worldwide by 21.4% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 850 shares of the business services provider’s stock worth $87,000 after purchasing an additional 150 shares during the period. Institutional investors own 99.51% of the company’s stock.

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About Euronet Worldwide (NASDAQ:EEFT)

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) 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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