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

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) was downgraded by equities researchers at StockNews.com 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. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 24th. Citigroup downgraded Euronet Worldwide from a "buy" rating to a "neutral" rating and cut their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Oppenheimer boosted their price target on Euronet Worldwide from $121.00 to $135.00 and gave the company an "outperform" rating in a research note on Monday, November 25th. DA Davidson reiterated a "buy" rating and issued a $136.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, Needham & Company LLC restated a "buy" rating and set a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $127.13.

Euronet Worldwide Trading Up 0.1 %

Euronet Worldwide stock traded up $0.06 during midday trading on Friday, reaching $103.46. The stock had a trading volume of 243,973 shares, compared to its average volume of 297,454. The firm's fifty day simple moving average is $101.63 and its two-hundred day simple moving average is $102.80. The firm has a market cap of $4.55 billion, a price-to-earnings ratio of 14.95, a PEG ratio of 0.95 and a beta of 1.44. Euronet Worldwide has a twelve month low of $91.07 and a twelve month high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping analysts' consensus estimates of $2.92 by $0.11. The firm had revenue of $1.11 billion during 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 last year, the company posted $2.53 EPS. Equities analysts anticipate that Euronet Worldwide will post 7.87 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the sale, the chief executive officer now directly owns 90,288 shares of the company's stock, valued at $9,625,603.68. This trade represents a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Martin L. Bruckner sold 9,397 shares of the company's stock in a transaction that occurred 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 directly 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 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 owned by insiders.

Institutional Investors Weigh In On Euronet Worldwide

Several institutional investors and hedge funds have recently bought and sold shares of the business. Oppenheimer & Co. Inc. increased its stake in Euronet Worldwide by 0.7% in the third quarter. Oppenheimer & Co. Inc. now owns 18,074 shares of the business services provider's stock valued at $1,793,000 after acquiring an additional 133 shares during the period. Arizona State Retirement System raised its holdings in shares of Euronet Worldwide by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 12,176 shares of the business services provider's stock worth $1,260,000 after buying an additional 135 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Euronet Worldwide by 6.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,350 shares of the business services provider's stock worth $243,000 after buying an additional 143 shares during the period. HighTower Advisors LLC boosted its stake in Euronet Worldwide by 0.6% in the 3rd quarter. HighTower Advisors LLC now owns 25,674 shares of the business services provider's stock valued at $2,540,000 after buying an additional 158 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in Euronet Worldwide by 3.6% in the third quarter. State of Alaska Department of Revenue now owns 4,903 shares of the business services provider's stock valued at $486,000 after acquiring an additional 170 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.

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