Euronet Worldwide (NASDAQ:EEFT) was downgraded by William Blair from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday.

EEFT has been the topic of a number of other reports. Piper Jaffray Companies reiterated a “buy” rating and set a $112.00 price target on shares of Euronet Worldwide in a research report on Sunday, October 22nd. Zacks Investment Research upgraded Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Tuesday, September 26th. SunTrust Banks reiterated a “buy” rating and set a $120.00 price target on shares of Euronet Worldwide in a research report on Friday, October 6th. BidaskClub upgraded Euronet Worldwide from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Northland Securities reiterated a “buy” rating and set a $110.00 price target on shares of Euronet Worldwide in a research report on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Euronet Worldwide currently has a consensus rating of “Buy” and a consensus price target of $108.86.

Shares of Euronet Worldwide (EEFT) opened at $91.90 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.44 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $4,841.38, a P/E ratio of 22.04, a PEG ratio of 1.42 and a beta of 1.36. Euronet Worldwide has a 1 year low of $70.51 and a 1 year high of $101.07.

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 analysts’ consensus estimates of $1.61. The business had revenue of $637.90 million for the quarter, compared to analysts’ expectations of $595.09 million. Euronet Worldwide had a return on equity of 22.46% and a net margin of 9.63%. The business’s quarterly revenue was up 21.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. research analysts predict that Euronet Worldwide will post 4.33 earnings per share for the current fiscal year.

In other Euronet Worldwide news, CEO Nikos Fountas sold 296 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $92.00, for a total transaction of $27,232.00. Following the completion of the transaction, the chief executive officer now directly owns 550 shares of the company’s stock, valued at approximately $50,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael J. Brown sold 2,400 shares of the stock in a transaction on Friday, October 20th. The shares were sold at an average price of $100.00, for a total value of $240,000.00. Following the transaction, the chief executive officer now directly owns 1,603,486 shares of the company’s stock, valued at $160,348,600. The disclosure for this sale can be found here. Insiders sold a total of 78,634 shares of company stock valued at $7,765,768 over the last three months. Corporate insiders own 7.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of EEFT. Janus Henderson Group PLC bought a new position in Euronet Worldwide during the 2nd quarter valued at $329,644,000. Commerce Bank boosted its stake in Euronet Worldwide by 1,198.1% during the 3rd quarter. Commerce Bank now owns 306,120 shares of the business services provider’s stock valued at $29,017,000 after purchasing an additional 282,538 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Euronet Worldwide by 625.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 172,746 shares of the business services provider’s stock valued at $15,093,000 after purchasing an additional 148,946 shares in the last quarter. FMR LLC boosted its stake in Euronet Worldwide by 4.1% during the 2nd quarter. FMR LLC now owns 3,536,948 shares of the business services provider’s stock valued at $309,023,000 after purchasing an additional 138,659 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Euronet Worldwide by 20.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 745,509 shares of the business services provider’s stock valued at $65,132,000 after purchasing an additional 127,556 shares in the last quarter. 95.39% of the stock is owned by hedge funds and other institutional investors.

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Euronet Worldwide Company Profile

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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