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

Harbor Capital Advisors Inc. grew its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 23.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 71,247 shares of the business services provider's stock after purchasing an additional 13,522 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.16% of Euronet Worldwide worth $7,613,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Pallas Capital Advisors LLC acquired a new position in Euronet Worldwide during the first quarter worth about $377,000. UMB Bank n.a. boosted its position 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 buying an additional 216 shares in the last quarter. Reinhart Partners LLC. grew its stake in shares of Euronet Worldwide by 17.7% during the first quarter. Reinhart Partners LLC. now owns 738,383 shares of the business services provider's stock worth $78,896,000 after buying an additional 111,234 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Euronet Worldwide during the first quarter worth $520,000. Finally, Rhumbline Advisers increased its holdings in shares of Euronet Worldwide by 0.6% during the first quarter. Rhumbline Advisers now owns 113,531 shares of the business services provider's stock worth $12,131,000 after buying an additional 719 shares in the last quarter. Institutional investors and hedge funds own 91.60% of the company's stock.

Euronet Worldwide Trading Down 2.8%

Shares of NASDAQ EEFT traded down $3.17 during midday trading on Friday, reaching $108.96. The stock had a trading volume of 94,918 shares, compared to its average volume of 369,590. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.26 and a current ratio of 1.25. The company's 50 day moving average price is $103.33 and its 200 day moving average price is $102.58. Euronet Worldwide, Inc. has a twelve month low of $85.24 and a twelve month high of $114.25. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 0.78 and a beta of 1.27.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 EPS for the quarter, meeting analysts' consensus estimates of $1.13. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The business had revenue of $915.50 million during the quarter, compared to analyst estimates of $908.93 million. During the same period in the previous year, the company posted $1.28 EPS. The firm's revenue was up 6.8% compared to the same quarter last year. As a group, sell-side analysts expect that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Analyst Upgrades and Downgrades

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

Euronet Worldwide 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.