Euronet Worldwide, Inc. (NASDAQ:EEFT) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC lessened its stake in shares of Euronet Worldwide, Inc. (NASDAQ:EEFT - Free Report) by 34.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 and other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new position in shares of Euronet Worldwide during the 4th quarter valued at about $58,000. GAMMA Investing LLC raised its position in shares of Euronet Worldwide by 121.3% during the 4th quarter. GAMMA Investing LLC now owns 954 shares of the business services provider's stock valued at $98,000 after buying an additional 523 shares in the last quarter. Blue Trust Inc. raised its position in shares of Euronet Worldwide by 26.1% during the 4th quarter. Blue Trust Inc. now owns 989 shares of the business services provider's stock valued at $98,000 after buying an additional 205 shares in the last quarter. Quarry LP raised its position in shares of Euronet Worldwide by 21.6% during the 3rd quarter. Quarry LP now owns 1,087 shares of the business services provider's stock valued at $108,000 after buying an additional 193 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Euronet Worldwide during the 3rd quarter valued at about $109,000. Institutional investors own 91.60% of the company's stock.

Insider Activity

In other Euronet Worldwide news, CEO Nikos Fountas sold 21,479 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were 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 directly owns 52,370 shares in the company, valued at $5,423,437.20. This trade represents a 29.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin L. Bruckner sold 9,397 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $107.31, for a total transaction of $1,008,392.07. Following the completion of the sale, the senior vice president now owns 39,983 shares of the company's stock, valued at approximately $4,290,575.73. This trade represents a 19.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 82,910 shares of company stock worth $8,780,102. Corporate insiders own 10.50% of the company's stock.

Euronet Worldwide Trading Up 1.0 %

Shares of NASDAQ:EEFT traded up $1.00 during trading on Friday, reaching $104.91. 321,298 shares of the company were exchanged, compared to its average volume of 296,450. The firm has a market capitalization of $4.61 billion, a PE ratio of 15.16, a P/E/G ratio of 0.77 and a beta of 1.43. The business's fifty day simple moving average is $100.80 and its 200-day simple moving average is $100.85. Euronet Worldwide, Inc. has a 12-month low of $91.07 and a 12-month high of $117.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.26 and a quick ratio of 1.26.

Euronet Worldwide (NASDAQ:EEFT - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The business services provider reported $1.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.05 by ($0.23). Euronet Worldwide had a net margin of 8.49% and a return on equity of 26.86%. On average, research analysts anticipate that Euronet Worldwide, Inc. will post 7.85 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on EEFT shares. Stephens restated an "overweight" rating and set a $130.00 target price on shares of Euronet Worldwide in a research report on Friday. StockNews.com cut shares of Euronet Worldwide from a "buy" rating to a "hold" rating in a research report on Thursday. Oppenheimer decreased 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. Needham & Company LLC reissued a "buy" rating and issued a $120.00 price objective on shares of Euronet Worldwide in a research report on Thursday, December 12th. Finally, Monness Crespi & Hardt raised shares of Euronet Worldwide from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 24th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $127.00.

Euronet Worldwide 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.