Euronet Worldwide, Inc. Can’t Be More Risky. Option Traders Sell It

 Euronet Worldwide, Inc. Can't Be More Risky. Option Traders Sell It

In today’s session Euronet Worldwide, Inc. (EEFT) recorded an unusually high (1,000) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious EEFT decrease. With 1,000 contracts traded and 534 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: EEFT161021P00075000 closed last at: $1.05 or 50% up. About 10,517 shares traded hands. Euronet Worldwide, Inc. (NASDAQ:EEFT) has risen 19.29% since March 15, 2016 and is uptrending. It has outperformed by 13.81% the S&P500.

Analysts await Euronet Worldwide, Inc. (NASDAQ:EEFT) to report earnings on October, 19. They expect $1.28 earnings per share, up 26.73% or $0.27 from last year’s $1.01 per share. EEFT’s profit will be $66.95 million for 16.36 P/E if the $1.28 EPS becomes a reality. After $0.89 actual earnings per share reported by Euronet Worldwide, Inc. for the previous quarter, Wall Street now forecasts 43.82% EPS growth.

Euronet Worldwide, Inc. (NASDAQ:EEFT) Ratings Coverage

Out of 7 analysts covering Euronet Worldwide (NASDAQ:EEFT), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $98 is the highest target while $76 is the lowest. The $87.25 average target is 4.19% above today’s ($83.74) stock price. Euronet Worldwide has been the topic of 11 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Friday, June 10 the stock rating was downgraded by Monness Crespi to “Neutral”. The stock has “Neutral” rating given by Monness Crespi & Hardt on Friday, July 31. As per Wednesday, September 2, the company rating was maintained by Piper Jaffray. The firm has “Market Perform” rating by Avondale given on Thursday, February 11. The firm has “Buy” rating given on Wednesday, December 23 by Monness Crespi & Hardt. The stock of Euronet Worldwide, Inc. (NASDAQ:EEFT) earned “Buy” rating by SunTrust on Wednesday, October 12. On Wednesday, January 20 the stock rating was initiated by Northland Capital with “Outperform”. The rating was maintained by Avondale with “Market Outperform” on Wednesday, April 27. The company was reinitiated on Wednesday, November 25 by Piper Jaffray. Evercore initiated Euronet Worldwide, Inc. (NASDAQ:EEFT) on Tuesday, July 21 with “Buy” rating.

According to Zacks Investment Research, “Euronet Services Inc. is an industry leader in providing secure electronic financial transaction solutions. The company offers financial payment middleware, financial network gateways, outsourcing and consulting services to financial institutions and mobile operators. (Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.17 in 2016 Q2. Its up 0.39, from 0.78 in 2016Q1. The ratio is positive, as 23 funds sold all Euronet Worldwide, Inc. shares owned while 89 reduced positions. 52 funds bought stakes while 79 increased positions. They now own 45.61 million shares or 4.39% less from 47.71 million shares in 2016Q1.
Rs Investment Management Co Ltd Com holds 1.3% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 1.82 million shares. Geode Capital Management Llc owns 334,258 shares or 0.01% of their US portfolio. Van Berkom And Associates, a Quebec – Canada-based fund reported 811,064 shares. Coe Capital Mgmt Limited Liability Corp has 0% invested in the company for 27,164 shares. Profit Invest Mngmt Ltd Co reported 20,008 shares or 1.12% of all its holdings. The Alabama-based Regions Financial has invested 0.02% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Sawgrass Asset Mngmt Ltd Com has 19,570 shares for 0.06% of their US portfolio. The New York-based Laurion L P has invested 0.12% in Euronet Worldwide, Inc. (NASDAQ:EEFT). Glenmede Trust Comm Na has 0.15% invested in the company for 362,036 shares. Bluecrest Cap Management accumulated 0.02% or 7,305 shares. Princeton Alpha L P has invested 0.05% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Portolan Cap Mngmt Ltd Liability Corp has invested 2.85% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT). Stephens Inc Ar holds 0.02% or 6,050 shares in its portfolio. Rafferty Asset Ltd Llc holds 0.03% of its portfolio in Euronet Worldwide, Inc. (NASDAQ:EEFT) for 5,380 shares. Springbok Capital Mngmt Ltd Co accumulated 1,000 shares or 0.01% of the stock.

Insider Transactions: Since August 3, 2016, the stock had 0 insider buys, and 2 selling transactions for $4.87 million net activity. NEWMAN JEFFREY B also sold $449,062 worth of Euronet Worldwide, Inc. (NASDAQ:EEFT) shares. Caponecchi Kevin J had sold 58,573 shares worth $4.42M on Wednesday, August 3.

Euronet Worldwide, Inc. is an electronic payments provider. The company has a market cap of $4.38 billion. The Firm offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. It has a 30.31 P/E ratio. The Company’s product offerings include automated teller machine , point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products.

EEFT Company Profile

Euronet Worldwide, Inc. (Euronet), incorporated on December 13, 1996, is an electronic payments provider. The Firm offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. The Company’s product offerings include automated teller machine (ATM), point-of-sale (POS), card outsourcing, card issuing and merchant acquiring services; software solutions; electronic distribution of prepaid mobile airtime and other electronic payment products, and global money transfer services. The Firm operates in three divisions: EFT Processing Segment, which provides electronic payment solutions consisting of ATM cash withdrawal and deposit services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, and card issuing and merchant acquiring services; epay Segment, which provides electronic distribution and processing of prepaid mobile airtime and other electronic payment products and collection services for various payment products, cards and services, and Money Transfer Segment, which provides global consumer-to-consumer money transfer services under the brand names Ria and AFEX Money Express and global account-to-account money transfer services under the brand name HiFX.

More news for Euronet Worldwide, Inc. (NASDAQ:EEFT) were recently published by: Fool.com, which released: “What to Watch When Euronet Worldwide, Inc. Reports Earnings” on July 25, 2016. Fool.com‘s article titled: “Why Euronet Worldwide, Inc. Plunged Today” and published on February 10, 2016 is yet another important article.

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