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

A number of other brokerages also recently commented on EEFT. Piper Jaffray Companies restated a “buy” rating and issued a $112.00 price objective on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks restated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Friday, October 6th. Northland Securities restated a “buy” rating and issued a $110.00 price objective on shares of Euronet Worldwide in a research report on Thursday, October 19th. Finally, William Blair downgraded shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. Euronet Worldwide currently has a consensus rating of “Buy” and an average price target of $108.86.

Shares of Euronet Worldwide (NASDAQ EEFT) traded down $0.19 during trading hours on Friday, reaching $95.00. 322,189 shares of the company were exchanged, compared to its average volume of 565,546. 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 $5,014.71, a P/E ratio of 25.13, a P/E/G ratio of 1.26 and a beta of 1.37. Euronet Worldwide has a 1 year low of $70.51 and a 1 year high of $101.07.

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

In other news, 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 sale, the chief executive officer now directly owns 550 shares in the company, valued at approximately $50,600. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Rick Weller sold 12,400 shares of Euronet Worldwide stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the sale, the chief financial officer now owns 80,285 shares of the company’s stock, valued at $7,387,022.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,235 shares of company stock valued at $9,201,216. Insiders own 7.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Bristlecone Advisors LLC acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at approximately $113,000. The Manufacturers Life Insurance Company lifted its position in shares of Euronet Worldwide by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 116 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Euronet Worldwide by 10.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock worth $157,000 after purchasing an additional 167 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $174,000. Finally, Pitcairn Co. acquired a new position in shares of Euronet Worldwide during the 3rd quarter worth approximately $200,000. Institutional investors own 95.17% of the company’s stock.

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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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