BidaskClub Upgrades Euronet Worldwide (EEFT) to Hold

Euronet Worldwide (NASDAQ:EEFT) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Other analysts also recently issued reports about the stock. William Blair downgraded shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Goldman Sachs Group began coverage on shares of Euronet Worldwide in a report on Thursday, December 14th. They issued a “buy” rating and a $110.00 price target on the stock. Northland Securities reiterated a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, SunTrust Banks reiterated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. Euronet Worldwide presently has a consensus rating of “Buy” and an average price target of $108.86.

Shares of Euronet Worldwide (EEFT) opened at $95.00 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.48 and a debt-to-equity ratio of 0.50. The stock has a market cap of $5,004.70, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37. Euronet Worldwide has a fifty-two week low of $70.51 and a fifty-two week high of $101.07.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.61. The company had revenue of $637.90 million for 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%. Euronet Worldwide’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 EPS. equities research analysts predict that Euronet Worldwide will post 4.33 earnings per share for the current year.

In other news, CEO Michael J. Brown sold 63,538 shares of the business’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $100.06, for a total value of $6,357,612.28. Following the sale, the chief executive officer now directly owns 1,603,486 shares in the company, valued at approximately $160,444,809.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Rick Weller sold 15,601 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $92.01, for a total transaction of $1,435,448.01. Following the completion of the sale, the chief financial officer now owns 80,285 shares in the company, valued at $7,387,022.85. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 94,235 shares of company stock worth $9,201,216. Insiders own 7.70% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Euronet Worldwide by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock worth $345,863,000 after purchasing an additional 69,689 shares during the period. Janus Henderson Group PLC bought a new position in shares of Euronet Worldwide during the 2nd quarter worth approximately $329,644,000. FMR LLC raised its stake in shares of Euronet Worldwide by 4.1% during the 2nd quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock worth $309,023,000 after acquiring an additional 138,659 shares in the last quarter. Wasatch Advisors Inc. raised its stake in shares of Euronet Worldwide by 12.3% during the 3rd quarter. Wasatch Advisors Inc. now owns 763,265 shares of the business services provider’s stock worth $72,350,000 after acquiring an additional 83,303 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Euronet Worldwide by 20.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock worth $65,132,000 after acquiring an additional 127,556 shares in the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

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About Euronet Worldwide

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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