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

StockNews.com cut shares of Euronet Worldwide (NASDAQ:EEFT) from a buy rating to a hold rating in a research report released on Wednesday.

Several other research analysts have also recently weighed in on EEFT. DA Davidson upped their price objective on shares of Euronet Worldwide from $126.00 to $136.00 and gave the stock a buy rating in a research report on Friday, May 3rd. Keefe, Bruyette & Woods upped their price objective on shares of Euronet Worldwide from $115.00 to $116.00 and gave the stock a market perform rating in a research report on Thursday, May 2nd. Monness Crespi & Hardt upped their price objective on shares of Euronet Worldwide from $140.00 to $145.00 and gave the stock a neutral rating in a research report on Monday, July 22nd. William Blair reaffirmed an outperform rating on shares of Euronet Worldwide in a research note on Wednesday, May 1st. Finally, Needham & Company LLC reaffirmed a buy rating and issued a $125.00 target price on shares of Euronet Worldwide in a research note on Monday, July 22nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Euronet Worldwide currently has an average rating of Moderate Buy and an average price target of $124.11.

Euronet Worldwide Trading Up 1.6 %

Shares of EEFT opened at $100.01 on Wednesday. The business’s 50-day moving average price is $107.70 and its 200-day moving average price is $106.83. Euronet Worldwide has a twelve month low of $73.84 and a twelve month high of $117.66. The stock has a market cap of $4.59 billion, a PE ratio of 17.61 and a beta of 1.45. The company has a quick ratio of 1.33, a current ratio of 1.19 and a debt-to-equity ratio of 0.85.

Euronet Worldwide (NASDAQ:EEFT) last announced its quarterly earnings results on Thursday, July 18th. The business services provider reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.21. Euronet Worldwide had a return on equity of 27.81% and a net margin of 7.46%. The firm had revenue of $986.20 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business posted $1.84 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts forecast that Euronet Worldwide will post 7.9 EPS for the current fiscal year.

Hedge Funds Weigh In On Euronet Worldwide

A number of hedge funds and other institutional investors have recently made changes to their positions in EEFT. Signaturefd LLC raised its holdings in Euronet Worldwide by 189.9% in the fourth quarter. Signaturefd LLC now owns 258 shares of the business services provider’s stock worth $26,000 after purchasing an additional 169 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Euronet Worldwide during the fourth quarter valued at $30,000. Quadrant Capital Group LLC increased its holdings in shares of Euronet Worldwide by 242.7% during the fourth quarter. Quadrant Capital Group LLC now owns 353 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 250 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Euronet Worldwide during the first quarter valued at $50,000. Finally, First Horizon Advisors Inc. increased its holdings in shares of Euronet Worldwide by 26.4% during the fourth quarter. First Horizon Advisors Inc. now owns 503 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 105 shares in the last quarter. 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.