Acadian Asset Management LLC Sells 2,711 Shares of CoreCard Co. (NYSE:CCRD)

Acadian Asset Management LLC trimmed its stake in CoreCard Co. (NYSE:CCRD) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 139,720 shares of the company’s stock after selling 2,711 shares during the period. Acadian Asset Management LLC owned approximately 1.71% of CoreCard worth $2,037,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CCRD. Victory Capital Management Inc. lifted its stake in CoreCard by 46.0% during the second quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock worth $83,000 after purchasing an additional 1,790 shares during the last quarter. Monarch Capital Management Inc. raised its holdings in shares of CoreCard by 1.0% during the 2nd quarter. Monarch Capital Management Inc. now owns 92,750 shares of the company’s stock valued at $1,353,000 after buying an additional 925 shares in the last quarter. Investors Asset Management of Georgia Inc. GA ADV lifted its position in CoreCard by 0.6% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 307,771 shares of the company’s stock worth $4,490,000 after buying an additional 1,890 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in CoreCard by 0.8% in the first quarter. Vanguard Group Inc. now owns 455,943 shares of the company’s stock worth $5,038,000 after buying an additional 3,675 shares in the last quarter. 43.90% of the stock is owned by hedge funds and other institutional investors.

CoreCard Trading Up 1.4 %

CCRD stock opened at $15.42 on Friday. The company has a market capitalization of $123.67 million, a PE ratio of 51.40 and a beta of 0.40. The company has a debt-to-equity ratio of 0.04, a quick ratio of 5.08 and a current ratio of 5.08. CoreCard Co. has a one year low of $10.02 and a one year high of $22.27. The company’s 50 day moving average price is $13.00 and its two-hundred day moving average price is $12.83.

CoreCard (NYSE:CCRD) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. CoreCard had a net margin of 3.03% and a return on equity of 4.87%. The business had revenue of $13.80 million during the quarter, compared to the consensus estimate of $12.13 million. During the same period in the previous year, the firm posted $0.22 earnings per share. As a group, analysts predict that CoreCard Co. will post 0.48 earnings per share for the current fiscal year.

About CoreCard

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.