Euronet Worldwide (NASDAQ:EEFT) Lifted to “Hold” at BidaskClub
Several other research firms have also recently commented on EEFT. Northland Securities reissued a buy rating and set a $175.00 target price on shares of Euronet Worldwide in a research note on Tuesday, October 1st. Needham & Company LLC restated a buy rating and set a $175.00 price target on shares of Euronet Worldwide in a research report on Monday, November 18th. DA Davidson upped their price target on shares of Euronet Worldwide from $174.00 to $180.00 and gave the stock a buy rating in a research note on Thursday, December 19th. ValuEngine cut shares of Euronet Worldwide from a hold rating to a sell rating in a report on Saturday, January 4th. Finally, Piper Jaffray Companies set a $180.00 price objective on shares of Euronet Worldwide and gave the company a buy rating in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $172.56.
Shares of NASDAQ:EEFT traded up $1.37 on Tuesday, hitting $163.60. The company’s stock had a trading volume of 9,571 shares, compared to its average volume of 445,689. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 30.82, a price-to-earnings-growth ratio of 2.10 and a beta of 1.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.88 and a current ratio of 1.88. Euronet Worldwide has a 12 month low of $106.08 and a 12 month high of $171.25. The stock’s 50-day moving average is $157.74 and its two-hundred day moving average is $153.77.
In other news, CEO Kevin J. Caponecchi sold 33,565 shares of Euronet Worldwide stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $153.43, for a total value of $5,149,877.95. Following the transaction, the chief executive officer now owns 85,064 shares of the company’s stock, valued at approximately $13,051,369.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Martin L. Bruckner sold 12,893 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $153.97, for a total transaction of $1,985,135.21. Following the completion of the sale, the senior vice president now owns 17,898 shares in the company, valued at $2,755,755.06. The disclosure for this sale can be found here. Over the last quarter, insiders sold 125,778 shares of company stock worth $19,588,030. 6.40% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of EEFT. Whittier Trust Co. acquired a new stake in Euronet Worldwide during the 3rd quarter worth about $29,000. Quad Cities Investment Group LLC acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at $29,000. Usca Ria LLC acquired a new stake in shares of Euronet Worldwide during the 3rd quarter valued at $29,000. Ropes Wealth Advisors LLC grew its stake in Euronet Worldwide by 114.5% in the third quarter. Ropes Wealth Advisors LLC now owns 236 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 126 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Euronet Worldwide in the 3rd quarter valued at approximately $66,000. Hedge funds and other institutional investors own 92.33% of the company’s stock.
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. The company's Electronic Financial Transaction (EFT) 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 card outsourcing, card issuing, and merchant acquiring services.
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