Euronet Worldwide, Inc. (NASDAQ:EEFT) Position Increased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 21.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,096 shares of the business services provider's stock after purchasing an additional 9,823 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.12% of Euronet Worldwide worth $5,566,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. State of Michigan Retirement System grew its holdings in shares of Euronet Worldwide by 1.9% during the 1st quarter. State of Michigan Retirement System now owns 10,717 shares of the business services provider's stock worth $1,178,000 after purchasing an additional 200 shares during the period. Janney Montgomery Scott LLC lifted its position in Euronet Worldwide by 62.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,294 shares of the business services provider's stock worth $362,000 after acquiring an additional 1,265 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Euronet Worldwide in the 1st quarter worth approximately $583,000. Texas Permanent School Fund Corp grew its position in Euronet Worldwide by 1.5% in the first quarter. Texas Permanent School Fund Corp now owns 38,030 shares of the business services provider's stock valued at $4,181,000 after acquiring an additional 550 shares in the last quarter. Finally, Mawer Investment Management Ltd. raised its stake in shares of Euronet Worldwide by 99.7% during the first quarter. Mawer Investment Management Ltd. now owns 92,294 shares of the business services provider's stock valued at $10,146,000 after purchasing an additional 46,081 shares during the period. 91.60% of the stock is owned by hedge funds and other institutional investors.

Euronet Worldwide Stock Performance

Euronet Worldwide stock traded up $1.65 during mid-day trading on Monday, reaching $100.09. The company's stock had a trading volume of 220,091 shares, compared to its average volume of 305,488. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 14.25 and a beta of 1.45. Euronet Worldwide, Inc. has a twelve month low of $79.50 and a twelve month high of $117.66. The business has a 50 day moving average price of $99.94 and a 200-day moving average price of $104.06. The company has a current ratio of 1.26, a quick ratio of 1.19 and a debt-to-equity ratio of 0.88.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The business services provider reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.92 by $0.11. Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $2.53 EPS. Sell-side analysts predict that Euronet Worldwide, Inc. will post 7.88 EPS for the current fiscal year.

Insider Transactions at Euronet Worldwide

In other news, CEO Juan Bianchi sold 4,000 shares of the business's stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $102.58, for a total transaction of $410,320.00. Following the completion of the transaction, the chief executive officer now owns 12,440 shares of the company's stock, valued at approximately $1,276,095.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 10.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EEFT shares. Needham & Company LLC dropped their price target on shares of Euronet Worldwide from $125.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. Citigroup lowered Euronet Worldwide from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $118.00 to $110.00 in a research report on Friday, October 18th. DA Davidson restated a "buy" rating and set a $136.00 price objective on shares of Euronet Worldwide in a report on Tuesday, October 8th. Monness Crespi & Hardt raised Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th. Finally, Oppenheimer assumed coverage on shares of Euronet Worldwide in a research report on Tuesday, October 1st. They set an "outperform" rating and a $121.00 price target for the company. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Euronet Worldwide has an average rating of "Moderate Buy" and a consensus target price of $125.38.

Euronet Worldwide Company 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.