Euronet Worldwide (NASDAQ:EEFT) Stock Rating Lowered by StockNews.com

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

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

Euronet Worldwide Stock Up 0.4 %

NASDAQ:EEFT opened at $101.81 on Friday. Euronet Worldwide has a 52 week low of $91.07 and a 52 week high of $117.66. The stock’s fifty day moving average is $100.94 and its two-hundred day moving average is $101.27. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth 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 (NASDAQ:EEFT) last posted its earnings results on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. Research analysts anticipate that Euronet Worldwide will post 9.11 EPS for the current year.

Insider Buying and Selling

In other news, CEO Nikos Fountas sold 21,479 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Euronet Worldwide

Institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank acquired a new position in shares of Euronet Worldwide in the fourth quarter valued at approximately $1,461,000. Burgundy Asset Management Ltd. lifted its stake in shares of Euronet Worldwide by 21.0% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,096,300 shares of the business services provider’s stock worth $112,743,000 after acquiring an additional 190,453 shares during the period. Vise Technologies Inc. boosted its holdings in shares of Euronet Worldwide by 3.9% in the fourth quarter. Vise Technologies Inc. now owns 4,656 shares of the business services provider’s stock valued at $479,000 after acquiring an additional 174 shares in the last quarter. CSS LLC IL purchased a new position in Euronet Worldwide during the fourth quarter worth about $462,000. Finally, PharVision Advisers LLC acquired a new stake in Euronet Worldwide in the fourth quarter valued at about $247,000. 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.