Euronet Worldwide (NASDAQ:EEFT) Downgraded to “Hold” Rating by StockNews.com

StockNews.com cut shares of Euronet Worldwide (NASDAQ:EEFT) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Several other research firms also recently weighed in on EEFT. Oppenheimer dropped their target price on Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating for the company in a research report on Thursday, December 19th. Monness Crespi & Hardt upgraded shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Finally, Needham & Company LLC restated a “buy” rating and issued a $120.00 price target on shares of Euronet Worldwide in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.14.

Euronet Worldwide Trading Up 10.1 %

EEFT opened at $103.91 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.56 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.77 and a beta of 1.43. Euronet Worldwide has a 52 week low of $91.07 and a 52 week high of $117.66. The business has a fifty day simple moving average of $100.80 and a 200-day simple moving average of $100.85.

Insider Activity

In other news, SVP Martin L. Bruckner sold 9,397 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at approximately $4,290,575.73. This represents a 19.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the completion of the transaction, the chief executive officer now owns 90,288 shares in the company, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Euronet Worldwide

Institutional investors have recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new position in shares of Euronet Worldwide in the 4th quarter valued at $28,000. R Squared Ltd acquired a new stake in shares of Euronet Worldwide during the fourth quarter worth about $58,000. Covestor Ltd lifted its holdings in shares of Euronet Worldwide by 40.9% in the 4th quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock valued at $73,000 after purchasing an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its position in shares of Euronet Worldwide by 15,240.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock valued at $79,000 after purchasing an additional 762 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Euronet Worldwide by 485.6% in the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 709 shares during the period. Hedge funds and other 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.