StockNews.com Upgrades CPI Card Group (NASDAQ:PMTS) to Strong-Buy

CPI Card Group (NASDAQ:PMTS) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Wednesday.

Several other research firms also recently commented on PMTS. Roth Mkm started coverage on CPI Card Group in a research note on Friday, February 23rd. They issued a “buy” rating and a $40.00 price objective on the stock. Roth Capital restated a “buy” rating on shares of CPI Card Group in a research note on Friday, February 23rd.

CPI Card Group Trading Down 2.3 %

Shares of NASDAQ PMTS opened at $26.52 on Wednesday. CPI Card Group has a 12-month low of $12.65 and a 12-month high of $29.94. The firm has a market capitalization of $294.90 million, a price-to-earnings ratio of 16.89 and a beta of 1.11. The firm has a 50 day moving average of $22.63 and a 200 day moving average of $19.84.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. CPI Card Group had a net margin of 4.26% and a negative return on equity of 33.75%. The firm had revenue of $111.94 million during the quarter, compared to the consensus estimate of $104.00 million. Sell-side analysts predict that CPI Card Group will post 2.22 EPS for the current year.

Insider Buying and Selling at CPI Card Group

In other news, major shareholder Equity Ulc Parallel49 sold 244,314 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $18.03, for a total value of $4,404,981.42. Following the completion of the transaction, the insider now owns 6,314,511 shares of the company’s stock, valued at $113,850,633.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 6.10% of the company’s stock.

Institutional Investors Weigh In On CPI Card Group

Hedge funds have recently made changes to their positions in the company. UBS Group AG increased its stake in CPI Card Group by 12.6% in the 3rd quarter. UBS Group AG now owns 171,225 shares of the company’s stock worth $3,171,000 after acquiring an additional 19,135 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in CPI Card Group by 49.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,286 shares of the company’s stock worth $431,000 after purchasing an additional 7,712 shares during the last quarter. Kerrisdale Advisers LLC raised its stake in CPI Card Group by 38.8% during the third quarter. Kerrisdale Advisers LLC now owns 117,650 shares of the company’s stock valued at $2,179,000 after purchasing an additional 32,871 shares in the last quarter. Exchange Traded Concepts LLC bought a new position in CPI Card Group during the fourth quarter valued at $380,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in shares of CPI Card Group in the 4th quarter worth $31,000. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

CPI Card Group Company Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.