Euronet Worldwide, Inc. (NASDAQ:EEFT) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Monday. The firm presently has a $102.00 price objective on the business services provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 13.48% from the company’s current price.

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) “

Separately, Lake Street Capital began coverage on shares of Euronet Worldwide in a report on Monday, June 26th. They issued a “buy” rating and a $96.00 price target for the company. Five investment analysts have rated the stock with a buy rating, Euronet Worldwide has a consensus rating of “Buy” and an average target price of $98.25.

Shares of Euronet Worldwide (NASDAQ EEFT) traded down 1.19% during midday trading on Monday, hitting $89.86. 191,370 shares of the company’s stock were exchanged. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 28.01 and a beta of 1.33. The company has a 50-day moving average of $86.41 and a 200-day moving average of $81.22. Euronet Worldwide has a 52 week low of $70.51 and a 52 week high of $91.68.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Tuesday, April 25th. The business services provider reported $0.73 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.73. The company had revenue of $473.40 million during the quarter, compared to analysts’ expectations of $464.08 million. Euronet Worldwide had a net margin of 8.70% and a return on equity of 22.77%. Equities research analysts expect that Euronet Worldwide will post $4.52 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Euronet Worldwide, Inc. (EEFT) Rating Increased to Buy at Zacks Investment Research” was first reported by Daily Political and is owned by of Daily Political. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://www.dailypolitical.com/2017/07/17/euronet-worldwide-inc-eeft-rating-increased-to-buy-at-zacks-investment-research.html.

In related news, CEO Juan Bianchi sold 18,126 shares of the stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $88.01, for a total transaction of $1,595,269.26. Following the completion of the transaction, the chief executive officer now owns 9,534 shares in the company, valued at $839,087.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can boosted its position in shares of Euronet Worldwide by 55.5% in the first quarter. Bank of Montreal Can now owns 50,659 shares of the business services provider’s stock valued at $4,332,000 after buying an additional 18,089 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at approximately $939,000. Norges Bank acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at approximately $28,977,000. Credit Agricole S A boosted its position in shares of Euronet Worldwide by 20.0% in the first quarter. Credit Agricole S A now owns 86,400 shares of the business services provider’s stock valued at $7,389,000 after buying an additional 14,400 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in shares of Euronet Worldwide during the fourth quarter valued at approximately $8,344,000. Institutional investors and hedge funds own 94.41% of the company’s stock.

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.

Get a free copy of the Zacks research report on Euronet Worldwide (EEFT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Euronet Worldwide Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Euronet Worldwide Inc. and related companies with MarketBeat.com's FREE daily email newsletter.