Euronet Worldwide (NASDAQ:EEFT) Receives Overweight Rating from Stephens

Stephens reaffirmed their overweight rating on shares of Euronet Worldwide (NASDAQ:EEFT) in a research report sent to investors on Friday morning,Benzinga reports. Stephens currently has a $130.00 price objective on the business services provider’s stock.

EEFT has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and set a $120.00 price objective on shares of Euronet Worldwide in a report on Thursday, December 12th. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and cut their price objective for the company from $118.00 to $110.00 in a report on Friday, October 18th. Oppenheimer cut their price objective on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a report on Thursday, December 19th. StockNews.com lowered shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $127.00.

Euronet Worldwide Stock Performance

Shares of NASDAQ:EEFT opened at $104.64 on Friday. The firm has a market cap of $4.60 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 0.77 and a beta of 1.43. The firm’s 50 day simple moving average is $100.82 and its 200-day simple moving average is $100.88. Euronet Worldwide has a one year low of $91.07 and a one year high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last issued its earnings results on Wednesday, February 12th. The business services provider reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a return on equity of 26.86% and a net margin of 8.49%. As a group, equities analysts predict that Euronet Worldwide will post 7.85 EPS for the current year.

Insider Transactions at Euronet Worldwide

In other news, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the completion of the sale, the chief executive officer now directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of Euronet Worldwide stock in a transaction on 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 sale, the senior vice president now owns 39,983 shares of the company’s stock, valued at $4,290,575.73. The trade was a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,910 shares of company stock worth $8,780,102. Company insiders own 10.50% of the company’s stock.

Institutional Investors Weigh In On Euronet Worldwide

Institutional investors and hedge funds have recently made changes to their positions in the stock. Thompson Siegel & Walmsley LLC lifted its position in Euronet Worldwide by 5.4% during the third quarter. Thompson Siegel & Walmsley LLC now owns 161,283 shares of the business services provider’s stock valued at $16,004,000 after purchasing an additional 8,230 shares during the period. Los Angeles Capital Management LLC acquired a new position in Euronet Worldwide during the third quarter valued at $15,258,000. Janney Montgomery Scott LLC lifted its position in Euronet Worldwide by 28.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 12,014 shares of the business services provider’s stock valued at $1,236,000 after purchasing an additional 2,632 shares during the period. Holocene Advisors LP acquired a new position in Euronet Worldwide during the third quarter valued at $666,000. Finally, Reinhart Partners LLC. lifted its position in Euronet Worldwide by 3.4% during the fourth quarter. Reinhart Partners LLC. now owns 627,149 shares of the business services provider’s stock valued at $64,496,000 after purchasing an additional 20,824 shares during the period. 91.60% of the stock is currently owned by institutional investors and hedge funds.

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.