Harbor Capital Advisors Inc. Buys 18,133 Shares of Euronet Worldwide, Inc. $EEFT

Key Points

• Harbor Capital Advisors Inc. increased its stake in Euronet Worldwide by 25.5%, owning 89,380 shares worth approximately $9.06 million after acquiring additional shares in Q2.
• The stock is rated as a "Moderate Buy" by analysts, with target prices ranging from $122.83 to $137.00.
• Euronet Worldwide reported a Q2 earnings per share of $2.56, missing consensus estimates by $0.10, despite a revenue increase of 8.9% year-over-year.

Harbor Capital Advisors Inc. raised its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 25.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,380 shares of the business services provider's stock after purchasing an additional 18,133 shares during the quarter. Harbor Capital Advisors Inc. owned 0.21% of Euronet Worldwide worth $9,061,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Elequin Capital LP bought a new stake in Euronet Worldwide during the first quarter worth about $30,000. Geneos Wealth Management Inc. lifted its position in Euronet Worldwide by 48.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the business services provider's stock worth $36,000 after buying an additional 109 shares during the last quarter. Atwood & Palmer Inc. lifted its position in Euronet Worldwide by 43.7% in the 2nd quarter. Atwood & Palmer Inc. now owns 431 shares of the business services provider's stock worth $44,000 after buying an additional 131 shares during the last quarter. UMB Bank n.a. lifted its position in Euronet Worldwide by 92.3% in the 1st quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock worth $48,000 after buying an additional 216 shares during the last quarter. Finally, Versant Capital Management Inc bought a new stake in Euronet Worldwide in the 1st quarter worth approximately $97,000. 91.60% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on EEFT shares. Oppenheimer boosted their price objective on shares of Euronet Worldwide from $135.00 to $137.00 and gave the stock an "outperform" rating in a report on Wednesday, July 2nd. DA Davidson reissued a "buy" rating and issued a $130.00 price target on shares of Euronet Worldwide in a research note on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.83.

Euronet Worldwide Stock Down 0.0%

Shares of Euronet Worldwide stock traded down $0.01 during trading on Friday, hitting $89.21. The company's stock had a trading volume of 1,868,183 shares, compared to its average volume of 772,286. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.15 and a current ratio of 1.15. The company has a fifty day simple moving average of $95.29 and a two-hundred day simple moving average of $100.70. The company has a market capitalization of $3.66 billion, a PE ratio of 12.24, a P/E/G ratio of 0.72 and a beta of 1.25. Euronet Worldwide, Inc. has a 52 week low of $85.24 and a 52 week high of $114.25.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its earnings results on Thursday, July 31st. The business services provider reported $2.56 earnings per share for the quarter, missing analysts' consensus estimates of $2.66 by ($0.10). Euronet Worldwide had a net margin of 8.06% and a return on equity of 26.62%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $2.25 EPS. Euronet Worldwide's revenue for the quarter was up 8.9% on a year-over-year basis. Euronet Worldwide has set its FY 2025 guidance at 9.640-9.990 EPS. Equities research analysts predict that Euronet Worldwide, Inc. will post 9.11 earnings per share for the current year.

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.