Polaris Capital Management LLC Has $555,000 Stock Position in Euronet Worldwide, Inc. (NASDAQ:EEFT)

Polaris Capital Management LLC reduced its stake in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 34.9% during the 4th quarter, Holdings Channel reports. The fund owned 5,400 shares of the business services provider’s stock after selling 2,900 shares during the period. Polaris Capital Management LLC’s holdings in Euronet Worldwide were worth $555,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wasatch Advisors LP increased its stake in Euronet Worldwide by 45.8% in the third quarter. Wasatch Advisors LP now owns 716,539 shares of the business services provider’s stock valued at $71,102,000 after acquiring an additional 224,982 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in Euronet Worldwide in the third quarter valued at $15,258,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in 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 valued at $105,604,000 after buying an additional 127,240 shares during the period. Quantbot Technologies LP bought a new stake in Euronet Worldwide in the third quarter valued at $4,373,000. Finally, CX Institutional bought a new stake in Euronet Worldwide in the third quarter valued at $4,246,000. 91.60% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EEFT has been the subject of several recent research reports. StockNews.com raised shares of Euronet Worldwide from a “hold” rating to a “buy” rating in a research report on Monday, January 20th. Needham & Company LLC reiterated a “buy” rating and issued a $120.00 target price on shares of Euronet Worldwide in a research note on Thursday, December 12th. Oppenheimer dropped their price target on shares of Euronet Worldwide from $135.00 to $128.00 and set an “outperform” rating on the stock in a research note on Thursday, December 19th. Monness Crespi & Hardt upgraded Euronet Worldwide from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 24th. Finally, Citigroup lowered Euronet Worldwide from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $118.00 to $110.00 in a research note on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $127.14.

Insider Buying and Selling at Euronet Worldwide

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of Euronet Worldwide stock in a transaction on Monday, December 9th. The stock was sold at an average price of $103.56, for a total transaction of $2,224,365.24. Following the completion of the transaction, the chief executive officer now owns 52,370 shares in the company, valued at approximately $5,423,437.20. The trade was a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin J. Caponecchi sold 52,034 shares of Euronet Worldwide stock in a transaction on Monday, November 25th. The shares were sold at an average price of $106.61, for a total value of $5,547,344.74. Following the transaction, the chief executive officer now owns 90,288 shares of the company’s stock, valued at $9,625,603.68. The trade was a 36.56 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 82,910 shares of company stock worth $8,780,102. 10.50% of the stock is owned by insiders.

Euronet Worldwide Trading Down 0.3 %

EEFT opened at $96.69 on Tuesday. The stock has a market cap of $4.25 billion, a PE ratio of 13.97, a PEG ratio of 0.77 and a beta of 1.43. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.88. The business has a 50 day moving average of $101.18 and a 200-day moving average of $100.91. Euronet Worldwide, Inc. has a 52 week low of $91.07 and a 52 week high of $117.66.

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.