Euronet Worldwide (EEFT) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a sell rating to a hold rating in a report issued on Monday, February 5th.

According to Zacks, “Euronet Services Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. (Press Release) “

A number of other equities research analysts have also issued reports on the company. William Blair lowered Euronet Worldwide from an outperform rating to a market perform rating in a research note on Monday, December 18th. BidaskClub upgraded Euronet Worldwide from a sell rating to a hold rating in a report on Saturday, January 13th. Goldman Sachs Group began coverage on Euronet Worldwide in a report on Thursday, December 14th. They set a buy rating and a $110.00 price objective on the stock. Piper Jaffray Companies restated a buy rating and set a $112.00 price objective on shares of Euronet Worldwide in a report on Sunday, October 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company. Euronet Worldwide currently has a consensus rating of Buy and an average target price of $111.71.

Euronet Worldwide (NASDAQ:EEFT) opened at $78.89 on Monday. The firm has a market capitalization of $4,160.00, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.43. Euronet Worldwide has a 1-year low of $76.26 and a 1-year high of $101.07. 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 (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, February 7th. The business services provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.01. Euronet Worldwide had a return on equity of 22.41% and a net margin of 6.97%. The business had revenue of $604.60 million during the quarter, compared to analyst estimates of $609.53 million. During the same period last year, the company earned $0.99 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. equities research analysts expect that Euronet Worldwide will post 5 earnings per share for the current fiscal year.

In other news, CFO Rick Weller sold 12,400 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $92.01, for a total value of $1,140,924.00. Following the completion of the transaction, the chief financial officer now owns 80,285 shares of the company’s stock, valued at approximately $7,387,022.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Michael J. Brown sold 20,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $91.22, for a total value of $1,824,400.00. Following the completion of the transaction, the chief executive officer now directly owns 1,522,348 shares of the company’s stock, valued at approximately $138,868,584.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 68,297 shares of company stock valued at $6,020,604. 7.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in Euronet Worldwide by 7.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,696 shares of the business services provider’s stock worth $149,000 after purchasing an additional 116 shares during the period. Alliancebernstein L.P. increased its stake in Euronet Worldwide by 1.2% during the 2nd quarter. Alliancebernstein L.P. now owns 31,645 shares of the business services provider’s stock worth $2,765,000 after buying an additional 390 shares in the last quarter. Campbell Newman Asset Management Inc. increased its stake in Euronet Worldwide by 22.3% during the 4th quarter. Campbell Newman Asset Management Inc. now owns 4,009 shares of the business services provider’s stock worth $338,000 after buying an additional 732 shares in the last quarter. FDx Advisors Inc. increased its stake in Euronet Worldwide by 5.1% during the 4th quarter. FDx Advisors Inc. now owns 15,514 shares of the business services provider’s stock worth $1,307,000 after buying an additional 751 shares in the last quarter. Finally, Cambiar Investors LLC increased its stake in Euronet Worldwide by 1.8% during the 3rd quarter. Cambiar Investors LLC now owns 44,460 shares of the business services provider’s stock worth $4,214,000 after buying an additional 785 shares in the last quarter. 95.62% 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.

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