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

A number of other equities analysts also recently commented on EEFT. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 target price for the company in a research note on Tuesday, September 26th. 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. 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. 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. Finally, Goldman Sachs Group started coverage on Euronet Worldwide in a research report on Thursday. They set a “buy” rating and a $110.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Euronet Worldwide has a consensus rating of “Buy” and an average target price of $108.86.

Shares of Euronet Worldwide (NASDAQ:EEFT) traded up $0.62 during trading on Friday, reaching $91.90. The company had a trading volume of 474,835 shares, compared to its average volume of 354,376. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.44 and a current ratio of 1.48. Euronet Worldwide has a 1 year low of $70.51 and a 1 year high of $101.07. The company has a market capitalization of $4,808.73, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.41 and a beta of 1.36.

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

In related news, CEO Michael J. Brown sold 63,538 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was 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 owns 1,603,486 shares of the company’s stock, valued at $160,444,809.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Nikos Fountas sold 296 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total value of $27,232.00. Following the sale, the chief executive officer now directly owns 550 shares in the company, valued at approximately $50,600. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,634 shares of company stock worth $7,765,768. 7.70% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of EEFT. Janus Henderson Group PLC bought a new position in shares of Euronet Worldwide in the second quarter valued at $329,644,000. Commerce Bank raised its stake in Euronet Worldwide by 1,198.1% during the 3rd quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock valued at $29,017,000 after purchasing an additional 282,538 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Euronet Worldwide by 625.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock valued at $15,093,000 after purchasing an additional 148,946 shares during the period. FMR LLC raised its stake in Euronet Worldwide by 4.1% during the 2nd quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock valued at $309,023,000 after purchasing an additional 138,659 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Euronet Worldwide by 20.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock valued at $65,132,000 after purchasing an additional 127,556 shares during the period. 95.39% of the stock is currently 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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