BidaskClub downgraded shares of Euronet Worldwide (NASDAQ:EEFT) from a hold rating to a sell rating in a research report sent to investors on Wednesday, January 31st.
Other research analysts also recently issued reports about the company. William Blair downgraded Euronet Worldwide from an outperform rating to a market perform rating in a report on Monday, December 18th. Goldman Sachs Group began coverage on Euronet Worldwide in a report on Thursday, December 14th. They issued a buy rating and a $110.00 price target on the stock. Northland Securities reiterated a buy rating and issued a $110.00 price target on shares of Euronet Worldwide in a report on Thursday, October 19th. Zacks Investment Research downgraded Euronet Worldwide from a buy rating to a hold rating in a report on Thursday, October 26th. Finally, SunTrust Banks reiterated a buy rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $111.71.
Shares of Euronet Worldwide (EEFT) traded down $0.78 during midday trading on Wednesday, reaching $78.70. The company’s stock had a trading volume of 1,039,414 shares, compared to its average volume of 551,356. 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 company has a market cap of $4,145.99, a price-to-earnings ratio of 28.01, a PEG ratio of 1.03 and a beta of 1.43. Euronet Worldwide has a 1-year low of $76.26 and a 1-year high of $101.07.
Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, February 7th. The business services provider reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.01. The business had revenue of $604.60 million during the quarter, compared to analyst estimates of $609.53 million. Euronet Worldwide had a return on equity of 22.41% and a net margin of 6.97%. Euronet Worldwide’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. equities research analysts anticipate that Euronet Worldwide will post 5.07 earnings per share for the current year.
In related news, CEO Nikos Fountas sold 296 shares of the business’s 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 transaction, the chief executive officer now directly owns 550 shares in the company, valued at approximately $50,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Michael J. Brown sold 20,000 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $91.22, for a total value of $1,824,400.00. Following the transaction, the chief executive officer now owns 1,522,348 shares in the company, valued at $138,868,584.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 48,297 shares of company stock worth $4,428,004. 7.70% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Euronet Worldwide by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,958,608 shares of the business services provider’s stock worth $345,863,000 after buying an additional 69,689 shares during the last quarter. Janus Henderson Group PLC purchased a new position in Euronet Worldwide during the 2nd quarter worth $329,644,000. Victory Capital Management Inc. grew its stake in Euronet Worldwide by 12.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,712,984 shares of the business services provider’s stock worth $228,623,000 after buying an additional 292,777 shares during the last quarter. Wasatch Advisors Inc. grew its stake in Euronet Worldwide by 14.5% during the 4th quarter. Wasatch Advisors Inc. now owns 874,298 shares of the business services provider’s stock worth $73,677,000 after buying an additional 111,033 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Euronet Worldwide by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 472,823 shares of the business services provider’s stock worth $44,817,000 after buying an additional 7,343 shares during the last quarter. Hedge funds and other institutional investors own 93.68% of the company’s stock.
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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.
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