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

StockNews.com downgraded shares of Euronet Worldwide (NASDAQ:EEFT - Free Report) from a buy rating to a hold rating in a research note published on Tuesday.

Several other research firms have also recently issued reports on EEFT. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research note 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 on the stock in a report on Thursday, December 19th. Citigroup lowered Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $118.00 to $110.00 in a research note on Friday, October 18th. 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. Finally, DA Davidson reaffirmed a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $126.25.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock traded up $1.99 during trading hours on Tuesday, reaching $105.74. The company had a trading volume of 133,376 shares, compared to its average volume of 299,716. The firm has a market cap of $4.65 billion, a PE ratio of 15.28, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. Euronet Worldwide has a one year low of $91.07 and a one year 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. The business has a fifty day simple moving average of $102.63 and a 200 day simple moving average of $102.16.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.04 billion. During the same quarter in the prior year, the firm posted $2.53 EPS. On average, analysts anticipate that Euronet Worldwide will post 7.87 earnings per share for the current fiscal year.

Insider Buying and Selling at Euronet Worldwide

In related news, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide 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 transaction, the senior vice president now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 82,910 shares of company stock worth $8,780,102 over the last ninety days. Insiders own 10.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of EEFT. Burgundy Asset Management Ltd. lifted its position 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 during the period. Savant Capital LLC grew its stake in shares of Euronet Worldwide by 199.3% in 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 last quarter. Thompson Siegel & Walmsley LLC raised its stake in Euronet Worldwide by 5.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider's stock valued at $16,004,000 after buying an additional 8,230 shares during the last quarter. Maverick Capital Ltd. grew its stake in shares of Euronet Worldwide by 507.8% in the second quarter. Maverick Capital Ltd. now owns 14,916 shares of the business services provider's stock worth $1,544,000 after acquiring an additional 12,462 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Euronet Worldwide during the third quarter valued at $15,258,000. Hedge funds and other 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.