BidaskClub upgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a sell rating to a hold rating in a research report report published on Saturday.

Other equities research analysts also recently issued research reports about the company. William Blair downgraded Euronet Worldwide from an outperform rating to a market perform rating in a research report on Monday, December 18th. Goldman Sachs Group assumed coverage on Euronet Worldwide in a research report on Thursday, December 14th. They set a buy rating and a $110.00 price target on the stock. Northland Securities reissued a buy rating and set a $110.00 price target on shares of Euronet Worldwide in a research report on Thursday, October 19th. Zacks Investment Research downgraded Euronet Worldwide from a buy rating to a hold rating in a research report on Thursday, October 26th. Finally, SunTrust Banks reissued a buy rating and set a $120.00 price target on shares of Euronet Worldwide in a research 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. The stock has an average rating of Buy and an average price target of $108.86.

Euronet Worldwide (NASDAQ EEFT) opened at $95.00 on Friday. The firm has a market capitalization of $5,004.70, a P/E ratio of 25.13, a PEG ratio of 1.25 and a beta of 1.37. 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 has a 52 week low of $70.51 and a 52 week high of $101.07.

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

In other Euronet Worldwide news, CEO Michael J. Brown sold 2,400 shares of the firm’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $100.00, for a total value of $240,000.00. Following the sale, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at approximately $160,348,600. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Rick Weller sold 15,601 shares of the firm’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $92.01, for a total value of $1,435,448.01. Following the completion of the sale, the chief financial officer now directly owns 80,285 shares in the company, valued at approximately $7,387,022.85. The disclosure for this sale can be found here. Insiders have sold 94,235 shares of company stock worth $9,201,216 in the last three months. 7.70% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of EEFT. Bristlecone Advisors LLC acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at $113,000. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 valued at $149,000 after purchasing an additional 116 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Euronet Worldwide by 10.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,796 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 167 shares in the last quarter. Turner Investments LLC acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at $174,000. Finally, Pitcairn Co. acquired a new stake in shares of Euronet Worldwide in the 3rd quarter valued at $200,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

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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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