Harbor Capital Advisors Inc. Increases Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Harbor Capital Advisors Inc. boosted its position in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 23.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,247 shares of the business services provider's stock after acquiring an additional 13,522 shares during the period. Harbor Capital Advisors Inc. owned about 0.16% of Euronet Worldwide worth $7,613,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EEFT. Proficio Capital Partners LLC acquired a new position in shares of Euronet Worldwide during the 4th quarter worth about $28,000. UMB Bank n.a. boosted its holdings in Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider's stock valued at $48,000 after purchasing an additional 216 shares in the last quarter. Covestor Ltd increased its stake in Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider's stock valued at $73,000 after purchasing an additional 207 shares during the last quarter. Aster Capital Management DIFC Ltd raised its holdings in Euronet Worldwide by 15,240.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider's stock worth $79,000 after purchasing an additional 762 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Euronet Worldwide by 485.6% during the 4th quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider's stock worth $88,000 after buying an additional 709 shares during the last quarter. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on EEFT shares. Keefe, Bruyette & Woods decreased their price objective on shares of Euronet Worldwide from $112.00 to $110.00 and set a "market perform" rating for the company in a research note on Friday, April 25th. Wall Street Zen downgraded Euronet Worldwide from a "buy" rating to a "hold" rating in a research note on Saturday, February 22nd. Needham & Company LLC decreased their price objective on Euronet Worldwide from $130.00 to $120.00 and set a "buy" rating for the company in a report on Friday, April 25th. Stephens reaffirmed an "overweight" rating and issued a $130.00 target price on shares of Euronet Worldwide in a report on Friday, February 14th. Finally, William Blair reiterated an "outperform" rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Euronet Worldwide currently has an average rating of "Moderate Buy" and an average target price of $125.57.

Euronet Worldwide Price Performance

Shares of EEFT traded down $4.39 during mid-day trading on Friday, hitting $107.73. The company's stock had a trading volume of 417,473 shares, compared to its average volume of 371,429. The company has a current ratio of 1.25, a quick ratio of 1.26 and a debt-to-equity ratio of 0.92. Euronet Worldwide, Inc. has a 1-year low of $85.24 and a 1-year high of $114.96. The firm has a market capitalization of $4.66 billion, a P/E ratio of 16.65, a P/E/G ratio of 0.78 and a beta of 1.27. The firm has a 50-day simple moving average of $103.73 and a 200 day simple moving average of $102.59.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting the consensus estimate of $1.13. Euronet Worldwide had a net margin of 7.69% and a return on equity of 27.74%. The firm had revenue of $915.50 million during the quarter, compared to analysts' expectations of $908.93 million. During the same quarter last year, the business earned $1.28 earnings per share. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current fiscal year.

About Euronet Worldwide

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.