Euronet Worldwide (NASDAQ:EEFT) Downgraded by Citigroup

Citigroup downgraded shares of Euronet Worldwide (NASDAQ:EEFT - Free Report) from a buy rating to a neutral rating in a research note released on Friday morning, Marketbeat Ratings reports. They currently have $110.00 target price on the business services provider's stock, down from their previous target price of $118.00.

Other equities analysts also recently issued research reports about the company. Monness Crespi & Hardt upped their target price on Euronet Worldwide from $140.00 to $145.00 and gave the company a "neutral" rating in a research report on Monday, July 22nd. Oppenheimer assumed coverage on Euronet Worldwide in a research report on Tuesday, October 1st. They issued an "outperform" rating and a $121.00 target price on the stock. StockNews.com downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a "buy" rating and issued a $125.00 target price on shares of Euronet Worldwide in a research report on Wednesday, September 4th. Finally, DA Davidson reiterated a "buy" rating and issued a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $122.56.

Euronet Worldwide Stock Performance

NASDAQ EEFT traded down $0.41 during trading on Friday, reaching $98.66. 189,495 shares of the company's stock were exchanged, compared to its average volume of 304,204. The business has a 50 day moving average price of $100.50 and a 200-day moving average price of $104.61. The stock has a market capitalization of $4.52 billion, a P/E ratio of 17.37 and a beta of 1.46. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.19 and a quick ratio of 1.19. Euronet Worldwide has a fifty-two week low of $75.41 and a fifty-two week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last posted its earnings results on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, beating the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The company had revenue of $986.20 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts forecast that Euronet Worldwide will post 7.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of the company's stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the sale, the chief executive officer now directly owns 12,440 shares in the company, valued at $1,276,095.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas A. Mcdonnell bought 3,206 shares of the business's stock in a transaction on Monday, August 5th. The shares were acquired at an average price of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now directly owns 90,000 shares of the company's stock, valued at approximately $8,447,400. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 10.50% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Headlands Technologies LLC bought a new position in shares of Euronet Worldwide in the 1st quarter valued at $50,000. Summit Securities Group LLC bought a new position in shares of Euronet Worldwide in the 2nd quarter valued at $57,000. Covestor Ltd lifted its stake in shares of Euronet Worldwide by 174.9% in the 1st quarter. Covestor Ltd now owns 547 shares of the business services provider's stock valued at $60,000 after acquiring an additional 348 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Euronet Worldwide by 69.5% in the 2nd quarter. GAMMA Investing LLC now owns 588 shares of the business services provider's stock valued at $61,000 after acquiring an additional 241 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Euronet Worldwide in the 2nd quarter valued at $80,000. 91.60% of the stock is currently owned by institutional investors.

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.