Bank of Montreal Can Has $3.73 Million Stake in Euronet Worldwide, Inc. (EEFT)

Bank of Montreal Can increased its position in Euronet Worldwide, Inc. (NASDAQ:EEFT) by 31.9% in the third quarter, Holdings Channel reports. The institutional investor owned 37,264 shares of the business services provider’s stock after acquiring an additional 9,022 shares during the period. Bank of Montreal Can’s holdings in Euronet Worldwide were worth $3,734,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of EEFT. Essex Investment Management Co. LLC acquired a new position in shares of Euronet Worldwide in the second quarter valued at approximately $207,000. Hartford Investment Management Co. acquired a new position in shares of Euronet Worldwide in the second quarter valued at approximately $213,000. TD Asset Management Inc. acquired a new position in shares of Euronet Worldwide in the second quarter valued at approximately $276,000. Fox Run Management L.L.C. acquired a new position in shares of Euronet Worldwide in the third quarter valued at approximately $280,000. Finally, WINTON GROUP Ltd acquired a new position in shares of Euronet Worldwide in the first quarter valued at approximately $312,000. 99.68% of the stock is owned by institutional investors and hedge funds.

In related news, CEO Michael J. Brown sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $94.21, for a total transaction of $2,355,250.00. Following the completion of the transaction, the chief executive officer now owns 1,486,118 shares of the company’s stock, valued at $140,007,176.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Rick Weller sold 57,458 shares of the company’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $96.62, for a total transaction of $5,551,591.96. Following the transaction, the chief financial officer now directly owns 92,951 shares of the company’s stock, valued at approximately $8,980,925.62. The disclosure for this sale can be found here. Insiders have sold 360,826 shares of company stock valued at $36,580,204 in the last ninety days. 7.70% of the stock is currently owned by company insiders.

Shares of EEFT stock opened at $111.20 on Friday. Euronet Worldwide, Inc. has a one year low of $70.67 and a one year high of $120.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a market cap of $5.67 billion, a P/E ratio of 25.68, a P/E/G ratio of 1.59 and a beta of 1.09.

A number of equities analysts have recently weighed in on EEFT shares. Piper Jaffray Companies boosted their price objective on shares of Euronet Worldwide from $111.00 to $141.00 and gave the company an “overweight” rating in a research report on Monday, October 1st. SunTrust Banks boosted their price objective on shares of Euronet Worldwide to $130.00 and gave the company a “buy” rating in a research report on Wednesday, September 12th. Citigroup started coverage on shares of Euronet Worldwide in a research report on Tuesday, October 9th. They set a “buy” rating and a $135.00 price target for the company. William Blair raised shares of Euronet Worldwide from a “market perform” rating to an “outperform” rating in a research report on Monday, October 1st. Finally, Wells Fargo & Co reaffirmed an “outperform” rating and set a $150.00 price target on shares of Euronet Worldwide in a research report on Tuesday, October 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. Euronet Worldwide currently has an average rating of “Buy” and a consensus price target of $128.88.

About Euronet Worldwide

Euronet Worldwide, Inc provides payment and transaction processing and distribution solutions to financial institutions, retailers, service providers, and individual consumers worldwide. The company operates in three segments: Electronic Financial Transaction (EFT) Processing, epay, and Money Transfer.

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Want to see what other hedge funds are holding EEFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Euronet Worldwide, Inc. (NASDAQ:EEFT).

Institutional Ownership by Quarter for Euronet Worldwide (NASDAQ:EEFT)

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