Shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $85.36 and last traded at $85.64, with a volume of 18655 shares traded. The stock had previously closed at $93.18.
Analyst Ratings Changes
Several analysts have weighed in on the company. Oppenheimer dropped their price target on Euronet Worldwide from $135.00 to $128.00 and set an "outperform" rating on the stock in a research note on Thursday, December 19th. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a report on Saturday, February 22nd. Keefe, Bruyette & Woods increased their price target 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 restated an "overweight" rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $125.86.
View Our Latest Research Report on EEFT
Euronet Worldwide Stock Up 2.0 %
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 firm has a market cap of $4.08 billion, a price-to-earnings ratio of 14.60, a PEG ratio of 0.78 and a beta of 1.18. The business's 50 day moving average price is $101.39 and its 200 day moving average price is $101.19.
Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS 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, equities analysts forecast that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.
Insider Activity
In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the transaction, the chief executive officer now owns 1,418,966 shares in the company, valued at $142,875,686.54. This trade represents a 6.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 10.50% of the company's stock.
Hedge Funds Weigh In On Euronet Worldwide
A number of large investors have recently added to or reduced their stakes in EEFT. Proficio Capital Partners LLC purchased a new stake in shares of Euronet Worldwide during the fourth quarter worth about $28,000. R Squared Ltd purchased a new stake in Euronet Worldwide during the 4th quarter worth approximately $58,000. Covestor Ltd raised its holdings in shares of Euronet Worldwide by 40.9% during the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after acquiring an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock valued at $79,000 after acquiring an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock valued at $88,000 after acquiring an additional 709 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors and hedge funds.
About Euronet Worldwide
(
Get Free Report)
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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