Euronet Worldwide (EEFT) Stock Rating Upgraded by BidaskClub

Euronet Worldwide (NASDAQ:EEFT) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other equities research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. SunTrust Banks reaffirmed a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a research report on Thursday, October 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $108.67.

Shares of Euronet Worldwide (NASDAQ:EEFT) traded up $0.37 on Thursday, hitting $93.08. 270,364 shares of the stock traded hands, compared to its average volume of 307,269. Euronet Worldwide has a 52-week low of $70.51 and a 52-week high of $101.07. The stock has a market cap of $4,877.21, a PE ratio of 22.20, a PEG ratio of 1.43 and a beta of 1.36. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44.

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

In related news, CEO Michael J. Brown sold 2,400 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $100.00, for a total transaction of $240,000.00. Following the completion of the sale, the chief executive officer now owns 1,603,486 shares of the company’s stock, valued at $160,348,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael J. Brown sold 63,538 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the sale, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at approximately $160,444,809.16. The disclosure for this sale can be found here. Insiders have sold 125,452 shares of company stock valued at $12,406,543 in the last three months. 7.70% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of EEFT. Janus Henderson Group PLC purchased a new stake in Euronet Worldwide during the second quarter valued at approximately $329,644,000. Commerce Bank lifted its position in Euronet Worldwide by 1,198.1% during the third quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock valued at $29,017,000 after acquiring an additional 282,538 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Euronet Worldwide by 625.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock valued at $15,093,000 after acquiring an additional 148,946 shares during the last quarter. FMR LLC lifted its position in Euronet Worldwide by 4.1% during the second quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock valued at $309,023,000 after acquiring an additional 138,659 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Euronet Worldwide by 20.6% during the second quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock valued at $65,132,000 after acquiring an additional 127,556 shares during the last quarter. 95.39% of the stock is owned by 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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