Euronet Worldwide (NASDAQ:EEFT) Downgraded by StockNews.com

StockNews.com cut shares of Euronet Worldwide (NASDAQ:EEFT) from a buy rating to a hold rating in a report issued on Friday.

EEFT has been the topic of a number of other research reports. Monness Crespi & Hardt boosted their price target on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a neutral rating in a research report on Monday, July 22nd. Citigroup lifted their price objective on Euronet Worldwide from $120.00 to $135.00 and gave the stock a buy rating in a research report on Tuesday, May 28th. William Blair restated an outperform rating on shares of Euronet Worldwide in a research report on Wednesday, May 1st. Keefe, Bruyette & Woods boosted their price target on Euronet Worldwide from $115.00 to $116.00 and gave the company a market perform rating in a research note on Thursday, May 2nd. Finally, DA Davidson lifted their price objective on shares of Euronet Worldwide from $126.00 to $136.00 and gave the company a buy rating in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $124.11.

Euronet Worldwide Stock Performance

Euronet Worldwide stock opened at $97.80 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.19 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.49 billion, a PE ratio of 17.22 and a beta of 1.45. Euronet Worldwide has a 12-month low of $73.84 and a 12-month high of $117.66. The business’s 50-day moving average price is $104.39 and its two-hundred day moving average price is $106.82.

Euronet Worldwide (NASDAQ:EEFT) last released its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 EPS for the quarter, beating analysts’ consensus estimates of $2.04 by $0.21. The firm had revenue of $986.20 million for the quarter, compared to analyst estimates of $1.09 billion. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, analysts expect that Euronet Worldwide will post 7.9 earnings per share for the current fiscal year.

Insider Activity at Euronet Worldwide

In related news, Director Thomas A. Mcdonnell acquired 3,206 shares of the stock in a transaction dated Monday, August 5th. The stock was purchased at an average cost of $93.86 per share, with a total value of $300,915.16. Following the completion of the purchase, the director now directly owns 90,000 shares in the company, valued at approximately $8,447,400. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 10.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Signaturefd LLC grew its position in Euronet Worldwide by 189.9% in the 4th quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Euronet Worldwide during the 4th quarter valued at $30,000. Quadrant Capital Group LLC increased its holdings in Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock worth $36,000 after buying an additional 250 shares during the last quarter. Headlands Technologies LLC purchased a new position in Euronet Worldwide in the first quarter valued at about $50,000. Finally, First Horizon Advisors Inc. boosted its stake in Euronet Worldwide by 26.4% in the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares during the last quarter. 91.60% of the stock is owned by institutional investors.

Euronet Worldwide Company Profile

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. It operates through three segments: Electronic Fund Transfer Processing, epay, and Money Transfer. The Electronic Fund Transfer 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 and prepaid card outsourcing, card issuing, and merchant acquiring services.