CoreCard Co. (NYSE:CCRD) Shares Acquired by Fmr LLC

Fmr LLC grew its stake in CoreCard Co. (NYSE:CCRD) by 72.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,511 shares of the company’s stock after acquiring an additional 2,725 shares during the quarter. Fmr LLC owned about 0.08% of CoreCard worth $95,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCRD. Cubist Systematic Strategies LLC acquired a new position in CoreCard in the second quarter valued at $160,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in CoreCard in the second quarter valued at about $145,000. Investors Asset Management of Georgia Inc. GA ADV boosted its holdings in CoreCard by 0.6% in the second quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 307,771 shares of the company’s stock worth $4,490,000 after purchasing an additional 1,890 shares during the period. Victory Capital Management Inc. raised 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 acquiring an additional 1,790 shares during the period. Finally, American Century Companies Inc. boosted its position in CoreCard by 3.1% during the 2nd quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock valued at $509,000 after purchasing an additional 1,061 shares during the period. 43.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, B. Riley cut shares of CoreCard from a “buy” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $15.00 in a research note on Thursday, October 3rd.

CoreCard Price Performance

Shares of CCRD opened at $21.48 on Tuesday. CoreCard Co. has a twelve month low of $10.02 and a twelve month high of $24.22. The firm’s 50 day moving average price is $18.08 and its 200 day moving average price is $15.20. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. The firm has a market cap of $169.71 million, a PE ratio of 43.84 and a beta of 0.51.

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.