Zacks Lowers Euronet Worldwide To Hold (EEFT)

July 19, 2015 Nemes Worldwide News

Zacks cut shares of Euronet Worldwide (NASDAQ: EEFT) from a strong-buy rating to a hold rating in a research study note issued to investors on Tuesday, Marketbeat reports.

According to Zacks, Euronet Services Inc. is an industry leader in offering secure electronic financial deal solutions. The business offers monetary payment middleware, monetary network gateways, contracting out and seeking advice from services to monetary organizations and mobile operators. (News release)

Zacks has likewise modified their ratings on a number of other details technologyinfotech stocks in the couple of days. The firm updated shares of Accenture Plc from a hold score to a buy rating. The company now has a $108.00 cost target on that stock. Likewise, Zacks downgraded shares of Amdocs Limited from a hold score to a sell rating. Finally, Zacks downgraded shares of Vantiv Inc from a hold rating to a sell score.

In other Euronet Worldwide news, Director Eriberto R. Scocimara sold 5,000 shares of the stock in a transaction dated Friday, May 22nd. The shares were soldcost a typical rate of $60.29, for an overall deal of $301,450.00. The sale was divulged in a file filed with the Securities amp; Exchange Commission, which is available at this link. Also, CEO Michael J. Brown sold 57,998 shares of the business stock in a transaction that happened on Wednesday, April 29th. The shares were offeredcost a typical rate of $60.49, for an overall deal of $3,508,299.02. The disclosure for this sale can be discovered right here.

A variety of other firms have likewise recently discussed EEFT. Analysts at Monness Crespi Hardt raised their cost target on shares of Euronet Worldwide from $65.00 to $67.00 and provided the company a buy score in a research study note on Wednesday, June 24th. Separately, analysts at Avondale Partners downgraded shares of Euronet Worldwide from an outperform score to a market perform rating in a research study note on Thursday, April 30th.

Euronet Worldwide (NASDAQ: EEFT) traded down 0.19 % throughout mid-day trading on Tuesday, hitting $62.64. The stock had a trading volume of 298,738 shares. Euronet Worldwide has a 52-week low of $43.92 and a 52-week high of $62.95. The stocks 50-day moving average is $60.49 and its 200-day moving average is $56.28. The company has a market cap of $3.25 billion and a price-to-earnings ratio of 36.44.

Euronet Worldwide, Inc. (NASDAQ: EEFT) is a global electronic payments supplier. The Business provides payment and transaction processing and distribution options to financial institutions, merchants, service companiesprovider and individual consumers. Its primary product offerings include automated teller device (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant obtaining services, electronic distribution of pre-paid mobile airtime and other electronic payment items, and global customer cash transfer services. The Company runs in three sectors: the EFT Processing Segment, the epay Sector and the Moneythe cash Transfer Section. The Business has 9 transaction processing centers, including four in Europe, 3 in Asia Pacific and 2 in North America. The Company serves consumers in around 155 countries.

To get a free copy of the research report on Euronet Worldwide (EEFT), click right here. For more informationTo learn more about research study providings from Zacks Effort Research study, see Zacks.com

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