Euronet Worldwide (NASDAQ:EEFT) Cut to Hold at StockNews.com

StockNews.com cut shares of Euronet Worldwide (NASDAQ:EEFT) from a buy rating to a hold rating in a report published on Saturday morning.

Several other brokerages also recently weighed in on EEFT. Oppenheimer cut their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. Stephens reiterated an “overweight” rating and set a $130.00 price target on shares of Euronet Worldwide in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised their price target on shares of Euronet Worldwide from $108.00 to $112.00 and gave the company a “market perform” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.00.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $101.81 on Friday. The company has a 50 day moving average price of $100.94 and a 200 day moving average price of $101.27. The firm has a market capitalization of $4.47 billion, a P/E ratio of 15.74, a PEG ratio of 0.78 and a beta of 1.43. The company has a quick ratio of 1.26, a current ratio of 1.25 and a debt-to-equity ratio of 0.92. Euronet Worldwide has a 52 week low of $91.07 and a 52 week high of $117.66.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Sell-side analysts expect that Euronet Worldwide will post 9.11 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $103.56, for a total value of $2,224,365.24. Following the transaction, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 10.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Euronet Worldwide

Several hedge funds and other institutional investors have recently made changes to their positions in EEFT. Allspring Global Investments Holdings LLC boosted its stake in Euronet Worldwide by 0.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,372,449 shares of the business services provider’s stock worth $340,955,000 after buying an additional 16,220 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Euronet Worldwide by 1.5% during the 4th quarter. Janus Henderson Group PLC now owns 1,386,382 shares of the business services provider’s stock valued at $142,575,000 after acquiring an additional 20,805 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in shares of Euronet Worldwide by 21.0% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock valued at $112,743,000 after acquiring an additional 190,453 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Euronet Worldwide by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock valued at $105,604,000 after purchasing an additional 127,240 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Euronet Worldwide by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 821,777 shares of the business services provider’s stock worth $84,512,000 after purchasing an additional 24,569 shares during the last quarter. Institutional investors and hedge funds own 91.60% of the company’s stock.

About Euronet Worldwide

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.