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

Harbor Capital Advisors Inc. lifted its holdings in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 57,725 shares of the business services provider’s stock after buying an additional 1,629 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Euronet Worldwide were worth $5,936,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC grew its position in Euronet Worldwide by 0.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,356,229 shares of the business services provider’s stock valued at $333,039,000 after acquiring an additional 27,254 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Euronet Worldwide by 13.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,064,233 shares of the business services provider’s stock worth $105,604,000 after purchasing an additional 127,240 shares during the last quarter. Burgundy Asset Management Ltd. grew its holdings in shares of Euronet Worldwide by 1.4% in the second quarter. Burgundy Asset Management Ltd. now owns 767,293 shares of the business services provider’s stock worth $79,415,000 after purchasing an additional 10,689 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Euronet Worldwide by 17.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 755,190 shares of the business services provider’s stock valued at $78,172,000 after buying an additional 113,685 shares in the last quarter. Finally, Wasatch Advisors LP boosted its position in Euronet Worldwide by 45.8% in the 3rd quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after buying an additional 224,982 shares during the period. 91.60% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Oppenheimer reduced their target price on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research report on Thursday, December 19th. Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the company from $118.00 to $110.00 in a research report on Friday, October 18th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 24th. DA Davidson restated a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a research note on Tuesday, October 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research note on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.

Euronet Worldwide Stock Performance

Shares of Euronet Worldwide stock opened at $97.21 on Friday. The company has a market capitalization of $4.27 billion, a PE ratio of 14.05, a P/E/G ratio of 0.94 and a beta of 1.44. The company has a 50-day simple moving average of $103.39 and a two-hundred day simple moving average of $101.74. Euronet Worldwide, Inc. has a one year low of $91.07 and a one year high of $117.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.26 and a current ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT) last posted its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 EPS for the quarter, topping the consensus estimate of $2.92 by $0.11. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.04 billion. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. During the same quarter in the previous year, the business posted $2.53 EPS. Research analysts expect that Euronet Worldwide, Inc. will post 7.87 EPS for the current fiscal year.

Insider Activity

In related news, SVP Martin L. Bruckner sold 9,397 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total value of $1,008,392.07. Following the completion of the transaction, the senior vice president now directly owns 39,983 shares of the company’s stock, valued at $4,290,575.73. This trade represents a 19.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $106.61, for a total transaction of $5,547,344.74. Following the sale, the chief executive officer now directly owns 90,288 shares in the company, valued at approximately $9,625,603.68. This represents a 36.56 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,910 shares of company stock worth $8,780,102. Insiders own 10.50% of the company’s stock.

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.