Euronet Worldwide (NASDAQ:EEFT) Stock Rating Lowered by StockNews.com

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

EEFT has been the topic of a number of other research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Thursday. DA Davidson restated a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 24th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, 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 report on Monday, November 25th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.13.

Euronet Worldwide Stock Up 0.1 %

EEFT stock opened at $103.46 on Friday. Euronet Worldwide has a 1-year low of $91.07 and a 1-year high of $117.66. The stock has a market cap 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 stock’s fifty day simple moving average is $101.63 and its two-hundred day simple moving average is $102.73. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

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

Insider Transactions at Euronet Worldwide

In other Euronet Worldwide news, CEO Kevin J. Caponecchi sold 52,034 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 90,288 shares in the company, valued at $9,625,603.68. This represents a 36.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were 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 position. The disclosure for this sale can be found here. Over the last ninety days, 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.

Hedge Funds Weigh In On Euronet Worldwide

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC raised its position in shares of Euronet Worldwide by 0.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after buying an additional 27,254 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Euronet Worldwide by 13.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after purchasing an additional 127,240 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Euronet Worldwide by 1.4% during the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock worth $105,793,000 after purchasing an additional 14,090 shares during the last quarter. Burgundy Asset Management Ltd. boosted its holdings in shares of Euronet Worldwide by 1.4% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after purchasing an additional 10,689 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Euronet Worldwide by 17.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock worth $78,172,000 after purchasing an additional 113,685 shares in the last quarter. Hedge funds and other institutional investors own 91.60% of the company’s stock.

About Euronet Worldwide

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.