Euronet Worldwide (NASDAQ:EEFT) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Northland Securities reiterated a “buy” rating and set a $110.00 price objective on shares of Euronet Worldwide in a research report on Thursday, October 19th. Finally, SunTrust Banks reiterated a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Friday, October 6th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Euronet Worldwide currently has a consensus rating of “Buy” and an average target price of $108.67.

Euronet Worldwide (EEFT) traded up $0.46 during trading on Thursday, reaching $93.54. 254,632 shares of the company’s stock traded hands, compared to its average volume of 441,421. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. The firm has a market capitalization of $4,930.00, a price-to-earnings ratio of 22.32, a price-to-earnings-growth ratio of 1.43 and a beta of 1.36. Euronet Worldwide has a 12-month low of $70.51 and a 12-month high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.61. The firm had revenue of $637.90 million for the quarter, compared to analyst estimates of $595.09 million. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The firm’s quarterly revenue was up 21.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. analysts predict that Euronet Worldwide will post 4.33 EPS for the current fiscal year.

In other Euronet Worldwide news, CEO Michael J. Brown sold 2,400 shares of Euronet Worldwide stock in a transaction on Friday, October 20th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at approximately $160,348,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael J. Brown sold 63,538 shares of Euronet Worldwide stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the sale, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at approximately $160,444,809.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 115,176 shares of company stock worth $11,406,688. Corporate insiders own 7.70% of the company’s stock.

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its stake in shares of Euronet Worldwide by 2.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock valued at $17,150,000 after buying an additional 3,712 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at $1,031,000. Hahn Capital Management LLC boosted its stake in shares of Euronet Worldwide by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 422,884 shares of the business services provider’s stock valued at $40,085,000 after buying an additional 4,024 shares during the period. Insight Capital Research & Management Inc. acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at $1,198,000. Finally, California Public Employees Retirement System boosted its stake in shares of Euronet Worldwide by 2.9% during the 3rd quarter. California Public Employees Retirement System now owns 92,373 shares of the business services provider’s stock valued at $8,756,000 after buying an additional 2,573 shares during the period. 95.39% of the stock is owned by institutional investors.

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Euronet Worldwide Company Profile

Euronet Worldwide, Inc is an electronic payments provider. The Company offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Its product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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