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

Harbor Capital Advisors Inc. raised its holdings in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT) by 2.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,725 shares of the business services provider’s stock after buying an additional 1,629 shares during the period. Harbor Capital Advisors Inc. owned about 0.13% of Euronet Worldwide worth $5,936,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Euronet Worldwide by 121.3% in the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider’s stock worth $98,000 after purchasing an additional 523 shares in the last quarter. Mendota Financial Group LLC bought a new stake in Euronet Worldwide during the third quarter valued at about $100,000. Quarry LP increased its position in Euronet Worldwide by 21.6% in the third quarter. Quarry LP now owns 1,087 shares of the business services provider’s stock worth $108,000 after buying an additional 193 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Euronet Worldwide in the third quarter worth about $109,000. Finally, Headlands Technologies LLC lifted its position in shares of Euronet Worldwide by 131.8% during the 2nd quarter. Headlands Technologies LLC now owns 1,064 shares of the business services provider’s stock valued at $110,000 after buying an additional 605 shares in the last quarter. 91.60% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on EEFT shares. Citigroup lowered shares of Euronet Worldwide from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $118.00 to $110.00 in a report on Friday, October 18th. Oppenheimer decreased their price objective 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. StockNews.com downgraded shares of Euronet Worldwide from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. DA Davidson reissued a “buy” rating and set a $136.00 price target on shares of Euronet Worldwide in a report 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 investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Euronet Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.25.

Euronet Worldwide Trading Down 2.7 %

Shares of EEFT stock opened at $97.21 on Friday. The stock’s 50-day moving average price is $103.39 and its 200-day moving average price is $101.74. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The stock has a market capitalization of $4.27 billion, a price-to-earnings ratio of 14.05, a price-to-earnings-growth ratio of 0.94 and a beta of 1.44. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.88.

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

Insider Activity at Euronet Worldwide

In other news, 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 transaction, the chief executive officer now owns 90,288 shares of the company’s stock, valued at approximately $9,625,603.68. The trade was a 36.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Nikos Fountas sold 21,479 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total value of $2,224,365.24. Following the completion of the sale, the chief executive officer now owns 52,370 shares of the company’s stock, valued at approximately $5,423,437.20. This represents a 29.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 82,910 shares of company stock valued at $8,780,102 over the last 90 days. 10.50% of the stock is owned by corporate insiders.

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.