BidaskClub upgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a sell rating to a hold rating in a report released on Tuesday, BidAskClub reports.
Several other equities analysts also recently commented on EEFT. Piper Jaffray Companies set a $180.00 price target on Euronet Worldwide and gave the company a buy rating in a report on Tuesday, September 17th. DA Davidson increased their price target on Euronet Worldwide from $174.00 to $180.00 and gave the company a buy rating in a report on Thursday, December 19th. Northland Securities reiterated a buy rating and set a $175.00 price target on shares of Euronet Worldwide in a report on Tuesday, October 1st. Needham & Company LLC reiterated a buy rating and set a $175.00 price target on shares of Euronet Worldwide in a report on Monday, November 18th. Finally, ValuEngine downgraded Euronet Worldwide from a hold rating to a sell rating in a report on Saturday, January 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $172.56.
NASDAQ:EEFT traded up $1.51 during mid-day trading on Tuesday, reaching $164.31. The stock had a trading volume of 257,317 shares, compared to its average volume of 386,860. Euronet Worldwide has a fifty-two week low of $109.80 and a fifty-two week high of $171.25. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.88 and a quick ratio of 1.88. The business’s 50 day moving average is $157.96 and its 200 day moving average is $153.76. The stock has a market cap of $8.80 billion, a P/E ratio of 30.94, a PEG ratio of 2.10 and a beta of 1.08.
Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Tuesday, October 22nd. The business services provider reported $2.77 EPS for the quarter, beating the consensus estimate of $2.73 by $0.04. Euronet Worldwide had a return on equity of 26.78% and a net margin of 11.10%. The company had revenue of $787.00 million for the quarter, compared to the consensus estimate of $820.11 million. Equities analysts expect that Euronet Worldwide will post 6.71 EPS for the current year.
In other news, CEO Kevin J. Caponecchi sold 33,565 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $153.43, for a total value of $5,149,877.95. Following the completion of the sale, the chief executive officer now directly owns 85,064 shares of the company’s stock, valued at $13,051,369.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Martin L. Bruckner sold 12,893 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $153.97, for a total value of $1,985,135.21. Following the completion of the sale, the senior vice president now directly owns 17,898 shares of the company’s stock, valued at $2,755,755.06. The disclosure for this sale can be found here. In the last quarter, insiders have sold 125,778 shares of company stock worth $19,588,030. Corporate insiders own 6.40% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of EEFT. Invesco Ltd. boosted its position in shares of Euronet Worldwide by 211.1% in the second quarter. Invesco Ltd. now owns 936,781 shares of the business services provider’s stock valued at $157,603,000 after acquiring an additional 635,710 shares during the period. Nuveen Asset Management LLC bought a new position in Euronet Worldwide in the second quarter worth $84,681,000. Vanguard Group Inc. lifted its position in Euronet Worldwide by 4.9% in the second quarter. Vanguard Group Inc. now owns 4,799,013 shares of the business services provider’s stock worth $807,386,000 after purchasing an additional 223,005 shares during the period. Teacher Retirement System of Texas lifted its position in Euronet Worldwide by 176.8% in the third quarter. Teacher Retirement System of Texas now owns 312,060 shares of the business services provider’s stock worth $45,654,000 after purchasing an additional 199,303 shares during the period. Finally, Scout Investments Inc. bought a new position in Euronet Worldwide in the fourth quarter worth $30,540,000. 92.33% of the stock is owned by institutional investors.
About Euronet Worldwide
Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company's Electronic Financial Transaction (EFT) Processing segment provides electronic payment solutions, including automated teller machine (ATM) cash withdrawal and deposit services, ATM network participation, outsourced ATM and point-of-sale (POS) management solutions, credit and debit card outsourcing, card issuing, and merchant acquiring services.
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