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

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

A number of other research analysts have also recently commented on EEFT. Needham & Company LLC restated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer lowered their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Keefe, Bruyette & Woods raised their target price on Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research note on Friday, February 14th. Finally, Stephens restated an “overweight” rating and issued a $130.00 target price on shares of Euronet Worldwide in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Euronet Worldwide has a consensus rating of “Moderate Buy” and a consensus price target of $127.00.

Euronet Worldwide Trading Down 4.4 %

NASDAQ EEFT opened at $101.39 on Friday. Euronet Worldwide has a fifty-two week low of $91.07 and a fifty-two week high of $117.66. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The stock has a 50 day simple moving average of $101.04 and a two-hundred day simple moving average of $101.21. The stock has a market cap of $4.45 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 0.78 and a beta of 1.43.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings data 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 return on equity of 27.74% and a net margin of 7.69%. On average, analysts forecast that Euronet Worldwide will post 9.11 earnings per share for the current year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, 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 value of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction on 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 approximately $9,625,603.68. The trade was a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is owned by insiders.

Institutional Trading of Euronet Worldwide

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in shares of Euronet Worldwide by 0.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock worth $340,955,000 after purchasing an additional 16,220 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Euronet Worldwide by 1.5% in the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider’s stock worth $142,575,000 after purchasing an additional 20,805 shares in the last quarter. Burgundy Asset Management Ltd. increased its holdings in shares of Euronet Worldwide by 21.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock worth $112,743,000 after purchasing an additional 190,453 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of Euronet Worldwide by 13.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after purchasing an additional 127,240 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Euronet Worldwide by 3.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock worth $84,512,000 after purchasing an additional 24,569 shares in the last quarter. Institutional investors 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.