Euronet Worldwide Raised To “” Strong-Buy”” At Zacks (EEFT)

July 30, 2015 Admin Worldwide News

Zacks updated shares of Euronet Worldwide (NASDAQ: EEFT) from a hold score to a strong-buy rating in a report issued on Thursday, MarketBeat reports. They currently have $71.00 target rate on the stock.

According to Zacks, Euronet Solutions Inc. is an industry leader in supplying safe and secure electronic monetary transaction solutions. The business offers monetary payment middleware, financial network gateways, contracting out and getting in touch with services to monetary institutions and mobile operators. (Press Release)

Zacks has also customized their ratings on a number of other information innovation stocks in the couple of days. The company downgraded shares of MAXIMUS, Inc. from a buy score to a hold score. Also, Zacks updated shares of Teradata Co. from a sell score to a hold score. Lastly, Zacks downgraded shares of Visa Inc from a hold score to a sell rating.

A variety of other companies have also recently discussed EEFT. Analysts at Monness Crespi Hardt raised their price target on shares of Euronet Worldwide from $65.00 to $67.00 and offered the business a buy rating in a research note on Wednesday, June 24th. Independently, experts at Avondale Partners downgraded shares of Euronet Worldwide from an outperform score to a market perform score in a research note on Thursday, April 30th.

In other Euronet Worldwide news, Director Eriberto R. Scocimara offered 5,000 shares of Euronet Worldwide stock in a transaction that took place on Friday, Might 22nd. The stock was offered at a typical rate of $60.29, for a total value of $301,450.00. The deal was revealed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael J. Brown sold 57,998 shares of Euronet Worldwide stock in a transaction that occurred on Wednesday, April 29th. The shares were offeredcost a typical price of $60.49, for a total value of $3,508,299.02. The disclosure for this sale can be found here.

Shares of Euronet Worldwide (NASDAQ: EEFT) opened at 62.81 on Thursday. Euronet Worldwide has a 1-year low of $43.92 and a 1-year high of $63.14. The stock has a 50-day moving average of $60.66 and a 200-day moving average of $56.59. The business has a market cap of $3.26 billion and a P/E ratio of 36.54.

Euronet Worldwide, Inc. (NASDAQ: EEFT) is an international electronic payments company. The Company offers payment and transaction processing and distribution options to monetary institutions, merchants, service suppliers and individual consumers. Its main item offerings consist of automated teller device (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of pre-paid mobile airtime and other electronic payment products, and international consumer cash transfer services. The Business operates in three segments: the EFT Processing Segment, the epay Sector and the Money Transfer Section. The Company has 9 transaction processing centers, consisting of four in Europe, three in Asia Pacific and 2 in North America. The Company serves customers in approximately 155 countries.

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