Euronet Worldwide (NASDAQ:EEFT) Rating Lowered to “Hold” at StockNews.com

Euronet Worldwide (NASDAQ:EEFT) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Friday.

Other research analysts also recently issued reports about the stock. DA Davidson reaffirmed a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Oppenheimer upped their price objective on shares of Euronet Worldwide from $121.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday, November 25th. Needham & Company LLC reissued a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday. Finally, Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $127.13.

Euronet Worldwide Stock Performance

NASDAQ EEFT opened at $103.46 on Friday. The company has a 50-day simple moving average of $101.63 and a two-hundred day simple moving average of $102.73. Euronet Worldwide has a 12-month low of $91.07 and a 12-month high of $117.66. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.95 and a beta of 1.44. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.11. Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the business posted $2.53 EPS. On average, equities analysts forecast that Euronet Worldwide will post 7.87 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now directly owns 52,370 shares in the company, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,910 shares of company stock valued at $8,780,102. 10.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Euronet Worldwide

Hedge funds have recently bought and sold shares of the business. Summit Securities Group LLC purchased a new position in shares of Euronet Worldwide during the second quarter valued at approximately $57,000. 1620 Investment Advisors Inc. purchased a new position in Euronet Worldwide during the second quarter valued at $80,000. Mendota Financial Group LLC bought a new stake in Euronet Worldwide in the third quarter worth $100,000. Quarry LP grew its stake in shares of Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after acquiring an additional 193 shares during the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Euronet Worldwide in the third quarter worth $109,000. Institutional investors 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.