Euronet Worldwide (NASDAQ:EEFT) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Friday.

Several other equities analysts have also weighed in on EEFT. Zacks Investment Research raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Tuesday, September 26th. Northland Securities reaffirmed 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 reaffirmed a “buy” rating and set a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. SunTrust Banks reaffirmed a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a research report on Friday, October 6th. Finally, Goldman Sachs Group assumed coverage on shares of Euronet Worldwide in a research report on Thursday, December 14th. They set a “buy” rating and a $110.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $108.86.

Euronet Worldwide (EEFT) traded up $3.38 during mid-day trading on Friday, hitting $95.89. 699,205 shares of the company traded hands, compared to its average volume of 512,443. The firm has a market capitalization of $5,240.00, a PE ratio of 25.30, a P/E/G ratio of 1.22 and a beta of 1.36. 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 twelve month low of $70.51 and a twelve month high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last issued its quarterly earnings data on Thursday, October 19th. The business services provider reported $1.61 earnings per share for the quarter, meeting the 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 company’s revenue for the quarter was up 21.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 earnings per share. analysts predict that Euronet Worldwide will post 4.33 EPS for the current fiscal year.

In other news, CFO Rick Weller sold 15,601 shares of Euronet Worldwide stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $92.01, for a total value of $1,435,448.01. Following the transaction, the chief financial officer now owns 80,285 shares of the company’s stock, valued at $7,387,022.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Nikos Fountas sold 296 shares of Euronet Worldwide stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $92.00, for a total transaction of $27,232.00. Following the completion of the transaction, 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 sold 94,235 shares of company stock worth $9,201,216. Insiders own 7.70% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in Euronet Worldwide by 1.9% during the second quarter. American Century Companies Inc. now owns 4,972 shares of the business services provider’s stock worth $434,000 after acquiring an additional 94 shares during the period. Utah Retirement Systems increased its position in Euronet Worldwide by 1.1% during the second quarter. Utah Retirement Systems now owns 9,200 shares of the business services provider’s stock worth $804,000 after acquiring an additional 100 shares during the period. The Manufacturers Life Insurance Company increased its position in Euronet Worldwide by 7.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after acquiring an additional 116 shares during the period. Dana Investment Advisors Inc. increased its position in Euronet Worldwide by 0.5% during the second quarter. Dana Investment Advisors Inc. now owns 29,239 shares of the business services provider’s stock worth $2,555,000 after acquiring an additional 156 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Euronet Worldwide by 10.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after acquiring an additional 167 shares during the period. 95.17% 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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