Point72 Asia Singapore Pte. Ltd. Makes New $145,000 Investment in CoreCard Co. (NYSE:CCRD)

Point72 Asia Singapore Pte. Ltd. acquired a new position in CoreCard Co. (NYSE:CCRD) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,959 shares of the company’s stock, valued at approximately $145,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.12% of CoreCard at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in CoreCard by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 455,943 shares of the company’s stock worth $5,038,000 after purchasing an additional 3,675 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in shares of CoreCard by 31.3% in the first quarter. Acadian Asset Management LLC now owns 142,431 shares of the company’s stock worth $1,573,000 after buying an additional 33,945 shares in the last quarter. American Century Companies Inc. boosted its position in shares of CoreCard by 3.1% during the second quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock worth $509,000 after acquiring an additional 1,061 shares during the last quarter. Monarch Capital Management Inc. grew its stake in CoreCard by 1.0% during the second quarter. Monarch Capital Management Inc. now owns 92,750 shares of the company’s stock valued at $1,353,000 after acquiring an additional 925 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in CoreCard by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock valued at $83,000 after acquiring an additional 1,790 shares during the last quarter. 43.90% of the stock is currently owned by institutional investors.

CoreCard Stock Performance

NYSE:CCRD opened at $13.42 on Friday. The company 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 1 year low of $10.02 and a 1 year high of $21.93. The stock’s 50 day simple moving average is $13.78 and its two-hundred day simple moving average is $13.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.08 and a quick ratio of 5.08.

CoreCard (NYSE:CCRD) last announced 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 company had revenue of $13.80 million for the quarter, compared to analysts’ expectations of $12.13 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. As a group, equities analysts anticipate that CoreCard Co. will post 0.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered CoreCard from a “buy” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $15.00 in a research report on Thursday.

CoreCard Company Profile

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.