Euronet Worldwide (NASDAQ:EEFT) Downgraded by StockNews.com to “Hold”

StockNews.com downgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other research firms have also commented on EEFT. Oppenheimer lowered their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, DA Davidson reaffirmed a “buy” rating and set a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $126.25.

Euronet Worldwide Stock Performance

EEFT stock opened at $105.74 on Tuesday. Euronet Worldwide has a 1 year low of $91.07 and a 1 year high of $117.66. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 15.28, a PEG ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. The stock’s fifty day moving average is $102.63 and its two-hundred day moving average is $102.16.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, beating the consensus estimate of $2.92 by $0.11. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter last year, the business earned $2.53 earnings per share. On average, research analysts predict that Euronet Worldwide will post 7.87 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, SVP Martin L. Bruckner sold 9,397 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total value of $1,008,392.07. Following the transaction, the senior vice president now owns 39,983 shares in the company, valued at $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 52,370 shares in the company, valued at $5,423,437.20. This represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Euronet Worldwide

Hedge funds have recently bought and sold shares of the business. Mendota Financial Group LLC acquired a new position in shares of Euronet Worldwide during the 3rd quarter valued at about $100,000. Quarry LP grew its holdings in Euronet Worldwide by 21.6% during the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock valued at $108,000 after purchasing an additional 193 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Euronet Worldwide in the third quarter valued at approximately $109,000. Headlands Technologies LLC lifted its stake in shares of Euronet Worldwide by 131.8% in the second quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock worth $110,000 after buying an additional 605 shares during the last quarter. Finally, 1620 Investment Advisors Inc. boosted its holdings in shares of Euronet Worldwide by 53.3% during the 3rd quarter. 1620 Investment Advisors Inc. now owns 1,191 shares of the business services provider’s stock worth $118,000 after buying an additional 414 shares during the period. 91.60% of the stock is owned by institutional investors and hedge funds.

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.