Euronet Worldwide (NASDAQ:EEFT) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Wednesday.

EEFT has been the subject of a number of other reports. ValuEngine cut shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Tuesday, June 26th. Goldman Sachs Group cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $101.00 to $94.00 in a report on Monday, June 11th. SunTrust Banks raised their target price on shares of Euronet Worldwide to $130.00 and gave the stock a “buy” rating in a report on Wednesday, September 12th. Zacks Investment Research cut shares of Euronet Worldwide from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Finally, Wells Fargo & Co initiated coverage on shares of Euronet Worldwide in a report on Thursday, July 26th. They set an “outperform” rating and a $120.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $110.56.

Shares of NASDAQ:EEFT opened at $100.78 on Wednesday. The company has a market cap of $5.21 billion, a P/E ratio of 23.27, a price-to-earnings-growth ratio of 1.49 and a beta of 1.47. Euronet Worldwide has a 1-year low of $70.67 and a 1-year high of $104.16. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Tuesday, July 24th. The business services provider reported $1.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.32. The firm had revenue of $622.20 million during the quarter, compared to analysts’ expectations of $618.93 million. Euronet Worldwide had a net margin of 6.11% and a return on equity of 21.71%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $1.09 earnings per share. sell-side analysts anticipate that Euronet Worldwide will post 5.15 EPS for the current year.

In related news, VP Jeffrey B. Newman sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $97.26, for a total value of $486,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Martin L. Bruckner sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $102.25, for a total transaction of $920,250.00. Following the completion of the transaction, the senior vice president now directly owns 8,458 shares of the company’s stock, valued at approximately $864,830.50. The disclosure for this sale can be found here. Insiders sold a total of 297,413 shares of company stock valued at $29,047,292 in the last ninety days. Company insiders own 7.40% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Mount Yale Investment Advisors LLC acquired a new position in Euronet Worldwide in the 1st quarter worth approximately $166,000. Essex Investment Management Co. LLC purchased a new stake in Euronet Worldwide in the 2nd quarter worth approximately $207,000. Hartford Investment Management Co. purchased a new stake in Euronet Worldwide in the 2nd quarter worth approximately $213,000. Blair William & Co. IL purchased a new stake in Euronet Worldwide in the 1st quarter worth approximately $217,000. Finally, Polen Capital Management LLC purchased a new stake in Euronet Worldwide in the 1st quarter worth approximately $248,000. 99.44% of the stock is owned by hedge funds and other 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 operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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