Euronet Worldwide (NASDAQ:EEFT) Cut to Hold at StockNews.com

StockNews.com cut shares of Euronet Worldwide (NASDAQ:EEFTFree Report) from a buy rating to a hold rating in a report issued on Friday.

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

Check Out Our Latest Report on Euronet Worldwide

Euronet Worldwide Trading Up 0.1 %

Shares of NASDAQ:EEFT opened at $103.46 on Friday. The company has a market capitalization of $4.55 billion, a P/E ratio of 14.95, a P/E/G ratio of 0.95 and a beta of 1.44. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26. The business’s 50 day simple moving average is $101.63 and its 200 day simple moving average is $102.67. Euronet Worldwide has a 1 year low of $91.07 and a 1 year high of $117.66.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last released its earnings results on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping 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 return on equity of 26.86% and a net margin of 8.49%. During the same period in the prior year, the firm posted $2.53 EPS. On average, research analysts anticipate that Euronet Worldwide will post 7.87 EPS for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In other news, SVP Martin L. Bruckner sold 9,397 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the transaction, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is currently owned by insiders.

Institutional Trading of Euronet Worldwide

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in shares of Euronet Worldwide during the second quarter worth $57,000. 1620 Investment Advisors Inc. acquired a new stake in Euronet Worldwide during the 2nd quarter worth about $80,000. Mendota Financial Group LLC bought a new position in shares of Euronet Worldwide in the 3rd quarter worth about $100,000. Headlands Technologies LLC lifted its stake in shares of Euronet Worldwide by 131.8% in the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 605 shares during the period. Finally, Quarry LP boosted its position in shares of Euronet Worldwide by 21.6% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Euronet Worldwide

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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