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

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

Other research analysts also recently issued reports about the stock. Oppenheimer reduced 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. Needham & Company LLC restated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Keefe, Bruyette & Woods increased their target price on shares of Euronet Worldwide from $108.00 to $112.00 and gave the stock a “market perform” rating in a report on Friday, February 14th. Finally, Stephens reiterated an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Four 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $127.00.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $101.39 on Friday. The company has a market cap of $4.45 billion, a P/E ratio of 15.67, a PEG ratio of 0.80 and a beta of 1.43. Euronet Worldwide has a one year low of $91.07 and a one year high of $117.66. The business’s 50-day simple moving average is $101.04 and its 200 day simple moving average is $101.15. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25.

Euronet Worldwide (NASDAQ:EEFT) last announced its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. On average, sell-side analysts forecast that Euronet Worldwide will post 9.05 earnings per share 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 transaction, the senior vice president now owns 39,983 shares in the company, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business’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 completion of the sale, the chief executive officer now directly owns 90,288 shares of the company’s stock, valued at $9,625,603.68. This represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders 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

A number of large investors have recently added to or reduced their stakes in EEFT. State of Alaska Department of Revenue boosted its stake in Euronet Worldwide by 3.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 170 shares during the period. Custom Index Systems LLC acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at $387,000. IVC Wealth Advisors LLC acquired a new position in shares of Euronet Worldwide in the 3rd quarter worth approximately $217,000. Trajan Wealth LLC bought a new position in Euronet Worldwide in the third quarter valued at about $203,000. Finally, New York State Teachers Retirement System grew its position in shares of Euronet Worldwide by 12.7% during the 3rd quarter. New York State Teachers Retirement System now owns 23,081 shares of the business services provider’s stock worth $2,290,000 after buying an additional 2,599 shares during the period. 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.