Euronet Worldwide (NASDAQ:EEFT) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

EEFT has been the subject of several other research reports. Piper Jaffray Companies restated a “buy” rating and issued a $112.00 price target on shares of Euronet Worldwide in a report on Sunday, October 22nd. Zacks Investment Research upgraded shares of Euronet Worldwide from a “hold” rating to a “buy” rating and set a $106.00 price target for the company in a report on Tuesday, September 26th. SunTrust Banks restated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a report on Friday, October 6th. Northland Securities restated a “buy” rating and issued a $110.00 price target on shares of Euronet Worldwide in a report on Thursday, October 19th. Finally, William Blair lowered shares of Euronet Worldwide from an “outperform” rating to a “market perform” rating in a report on Monday, December 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $108.86.

Shares of Euronet Worldwide (EEFT) opened at $92.51 on Friday. Euronet Worldwide has a twelve month low of $70.51 and a twelve month high of $101.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.48 and a quick ratio of 1.44. The company has a market cap of $4,850.87, a PE ratio of 24.47, a PEG ratio of 1.22 and a beta of 1.37.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings results on Thursday, October 19th. The business services provider reported $1.61 EPS for the quarter, meeting the consensus estimate of $1.61. Euronet Worldwide had a net margin of 9.63% and a return on equity of 22.46%. The business had revenue of $637.90 million during the quarter, compared to analyst estimates of $595.09 million. During the same quarter in the previous year, the business posted $1.35 EPS. The company’s quarterly revenue was up 21.7% compared to the same quarter last year. sell-side analysts expect that Euronet Worldwide will post 4.33 earnings per share for the current year.

In related news, CEO Michael J. Brown sold 63,538 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $100.06, for a total transaction of $6,357,612.28. Following the completion of the transaction, the chief executive officer now owns 1,603,486 shares in the company, valued at approximately $160,444,809.16. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Rick Weller sold 12,400 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $92.01, for a total transaction of $1,140,924.00. Following the transaction, the chief financial officer now owns 80,285 shares of the company’s stock, valued at approximately $7,387,022.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,235 shares of company stock valued at $9,201,216. 7.70% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aurora Investment Counsel purchased a new stake in Euronet Worldwide during the 4th quarter worth approximately $1,738,000. Atlantic Trust Group LLC grew its position in Euronet Worldwide by 28.6% during the 3rd quarter. Atlantic Trust Group LLC now owns 262,153 shares of the business services provider’s stock worth $24,850,000 after purchasing an additional 58,307 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Euronet Worldwide by 2.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 180,924 shares of the business services provider’s stock worth $17,150,000 after purchasing an additional 3,712 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Euronet Worldwide during the 3rd quarter worth approximately $1,031,000. Finally, Hahn Capital Management LLC grew its position in Euronet Worldwide by 1.0% during the 3rd quarter. Hahn Capital Management LLC now owns 422,884 shares of the business services provider’s stock worth $40,085,000 after purchasing an additional 4,024 shares during the last quarter. Hedge funds and other institutional investors own 95.17% of the company’s stock.

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About Euronet Worldwide

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.

Analyst Recommendations for Euronet Worldwide (NASDAQ:EEFT)

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