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

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

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

Euronet Worldwide Trading Up 0.1 %

EEFT opened at $103.75 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26. Euronet Worldwide has a twelve month low of $91.07 and a twelve month high of $117.66. The firm’s fifty day moving average is $102.50 and its two-hundred day moving average is $102.21. The firm has a market cap of $4.56 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44.

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

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $107.31, for a total value 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 $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock valued at $8,780,102 in the last ninety days. 10.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently bought and sold shares of the company. Burgundy Asset Management Ltd. grew its holdings in shares of Euronet Worldwide by 1.4% during the second 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 during the last quarter. Savant Capital LLC boosted its position in Euronet Worldwide by 199.3% during the 2nd quarter. Savant Capital LLC now owns 8,928 shares of the business services provider’s stock worth $924,000 after buying an additional 5,945 shares during the period. Thompson Siegel & Walmsley LLC grew its holdings in Euronet Worldwide by 5.4% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock worth $16,004,000 after acquiring an additional 8,230 shares during the last quarter. Maverick Capital Ltd. increased its position in Euronet Worldwide by 507.8% in the 2nd quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider’s stock valued at $1,544,000 after acquiring an additional 12,462 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Euronet Worldwide during the third quarter valued at $15,258,000. Institutional investors and hedge funds 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.