Point72 Asia Singapore Pte. Ltd. bought a brand new stake in shares of CoreCard Co. (NYSE:CCRD – Free Report) through the 2nd quarter, in response to the corporate in its most up-to-date 13F submitting with the SEC. The institutional investor bought 9,959 shares of the corporate’s inventory, valued at roughly $145,000.
Different hedge funds and different institutional traders additionally just lately purchased and bought shares of the corporate. Monarch Capital Administration Inc. elevated its place in CoreCard by 1.0% through the second quarter. Monarch Capital Administration Inc. now owns 92,750 shares of the corporate’s inventory valued at $1,353,000 after buying a further 925 shares over the past quarter. American Century Firms Inc. boosted its stake in shares of CoreCard by 3.1% through the 2nd quarter. American Century Firms Inc. now owns 34,920 shares of the corporate’s inventory price $509,000 after buying a further 1,061 shares through the interval. Victory Capital Administration Inc. grew its holdings in CoreCard by 46.0% through the 2nd quarter. Victory Capital Administration Inc. now owns 5,684 shares of the corporate’s inventory valued at $83,000 after buying a further 1,790 shares over the past quarter. Buyers Asset Administration of Georgia Inc. GA ADV raised its place in CoreCard by 0.6% within the 2nd quarter. Buyers Asset Administration of Georgia Inc. GA ADV now owns 307,771 shares of the corporate’s inventory price $4,490,000 after buying a further 1,890 shares through the interval. Lastly, Vanguard Group Inc. lifted its stake in CoreCard by 0.8% within the first quarter. Vanguard Group Inc. now owns 455,943 shares of the corporate’s inventory price $5,038,000 after buying a further 3,675 shares over the past quarter. Hedge funds and different institutional traders personal 43.90% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Individually, B. Riley downgraded CoreCard from a “purchase” score to a “impartial” score and decreased their worth goal for the inventory from $19.00 to $15.00 in a report on Thursday.
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CoreCard Inventory Down 3.4 %
NYSE:CCRD opened at $13.42 on Friday. The inventory has a fifty day easy shifting common of $13.78 and a 200-day easy shifting common of $13.12. The corporate has a present ratio of 5.08, a fast ratio of 5.08 and a debt-to-equity ratio of 0.04. The corporate has a market cap of $109.52 million, a price-to-earnings ratio of 44.73 and a beta of 0.41. CoreCard Co. has a twelve month low of $10.02 and a twelve month excessive of $21.93.
CoreCard (NYSE:CCRD – Get Free Report) final launched its quarterly earnings knowledge on Thursday, August 1st. The corporate reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The corporate had income of $13.80 million through the quarter, in comparison with analysts’ expectations of $12.13 million. CoreCard had a internet margin of three.03% and a return on fairness of 4.87%. Throughout the identical interval within the earlier yr, the corporate earned $0.22 EPS. Analysts anticipate that CoreCard Co. will publish 0.48 EPS for the present yr.
CoreCard Profile
CoreCard Company, along with its subsidiaries, affords expertise options and processing companies to the monetary expertise and companies market in the USA, Europe, and the Center East. It designs, develops, and markets a set of software program options to program managers, accounts receivable companies, monetary establishments, retailers, and processors to handle their credit score and debit playing cards, pay as you go playing cards, personal label playing cards, fleet playing cards, purchase now pay later applications, loyalty applications, and accounts receivable and mortgage transactions.
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