StockNews.com Upgrades Euronet Worldwide (NASDAQ:EEFT) to Buy

Euronet Worldwide (NASDAQ:EEFT) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

EEFT has been the topic of several other research reports. Citigroup cut shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Needham & Company LLC dropped their price target on Euronet Worldwide from $125.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Oppenheimer initiated coverage on Euronet Worldwide in a report on Tuesday, October 1st. They set an “outperform” rating and a $121.00 price target for the company. Monness Crespi & Hardt raised Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Finally, DA Davidson reissued a “buy” rating and issued a $136.00 target price on shares of Euronet Worldwide in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.38.

Euronet Worldwide Stock Performance

NASDAQ:EEFT opened at $103.78 on Tuesday. The stock has a 50-day moving average price of $99.39 and a 200 day moving average price of $103.99. The stock has a market capitalization of $4.56 billion, a P/E ratio of 15.00 and a beta of 1.46. Euronet Worldwide has a 12-month low of $81.95 and a 12-month high of $117.66. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the firm posted $2.53 EPS. Equities research analysts forecast that Euronet Worldwide will post 7.87 EPS for the current fiscal year.

Insider Activity at Euronet Worldwide

In other Euronet Worldwide news, CEO Juan Bianchi sold 4,000 shares of Euronet Worldwide stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now directly owns 12,440 shares of the company’s stock, valued at $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.50% of the stock is currently owned by insiders.

Institutional Trading of Euronet Worldwide

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Euronet Worldwide by 0.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after buying an additional 27,254 shares during the last quarter. Janus Henderson Group PLC grew its position in Euronet Worldwide by 1.2% in the 1st quarter. Janus Henderson Group PLC now owns 1,390,895 shares of the business services provider’s stock valued at $152,900,000 after acquiring an additional 15,837 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in Euronet Worldwide by 1.4% in the second quarter. Van Berkom & Associates Inc. now owns 1,022,153 shares of the business services provider’s stock worth $105,793,000 after purchasing an additional 14,090 shares during the period. Burgundy Asset Management Ltd. lifted its position in shares of Euronet Worldwide by 1.4% during the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after purchasing an additional 10,689 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Euronet Worldwide by 17.7% during the second quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after purchasing an additional 113,685 shares during the period. Institutional investors own 91.60% 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. 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.