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

Harbor Capital Advisors Inc. boosted its position in Euronet Worldwide, Inc. (NASDAQ:EEFTFree Report) by 23.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 71,247 shares of the business services provider’s stock after buying an additional 13,522 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.16% of Euronet Worldwide worth $7,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Proficio Capital Partners LLC purchased a new stake in Euronet Worldwide in the fourth quarter worth $28,000. UMB Bank n.a. boosted its holdings in shares of Euronet Worldwide by 92.3% in the first quarter. UMB Bank n.a. now owns 450 shares of the business services provider’s stock worth $48,000 after acquiring an additional 216 shares during the period. Covestor Ltd boosted its holdings in shares of Euronet Worldwide by 40.9% in the fourth quarter. Covestor Ltd now owns 713 shares of the business services provider’s stock worth $73,000 after acquiring an additional 207 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of Euronet Worldwide by 15,240.0% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 767 shares of the business services provider’s stock worth $79,000 after acquiring an additional 762 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Euronet Worldwide by 485.6% in the fourth quarter. Jones Financial Companies Lllp now owns 855 shares of the business services provider’s stock worth $88,000 after acquiring an additional 709 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EEFT has been the subject of several research analyst reports. Needham & Company LLC dropped their price objective on Euronet Worldwide from $130.00 to $120.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Stephens reissued an “overweight” rating and set a $130.00 price objective on shares of Euronet Worldwide in a research note on Friday, February 14th. Keefe, Bruyette & Woods dropped their price objective on 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 report on Saturday, February 22nd. Finally, William Blair restated an “outperform” rating on shares of Euronet Worldwide in a research report on Thursday, April 24th. Three investment 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $125.57.

Get Our Latest Research Report on Euronet Worldwide

Euronet Worldwide Trading Down 0.7%

EEFT opened at $111.08 on Tuesday. Euronet Worldwide, Inc. has a one year low of $85.24 and a one year high of $113.41. The business has a 50 day simple moving average of $102.26 and a two-hundred day simple moving average of $102.40. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.25 and a quick ratio of 1.26. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.78 and a beta of 1.27.

Euronet Worldwide (NASDAQ:EEFTGet Free Report) last posted its earnings results on Wednesday, April 23rd. The business services provider reported $1.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.13. The firm had revenue of $915.50 million for the quarter, compared to the consensus estimate of $908.93 million. Euronet Worldwide had a return on equity of 27.74% and a net margin of 7.69%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 EPS. Analysts predict that Euronet Worldwide, Inc. will post 9.11 EPS for the current year.

Insider Buying and Selling at Euronet Worldwide

In other news, CEO Michael J. Brown sold 95,000 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $100.69, for a total transaction of $9,565,550.00. Following the transaction, the chief executive officer now directly owns 1,418,966 shares of the company’s stock, valued at $142,875,686.54. This represents a 6.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 11.20% of the company’s stock.

Euronet Worldwide Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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