CoreCard Co. (NYSE:CCRD) Position Lessened by State Street Corp

State Street Corp decreased its position in shares of CoreCard Co. (NYSE:CCRD) by 11.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,682 shares of the company’s stock after selling 2,900 shares during the period. State Street Corp owned 0.27% of CoreCard worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of 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 purchasing an additional 1,790 shares during the last quarter. FMR LLC raised its holdings in CoreCard by 72.0% during the third quarter. FMR LLC now owns 6,511 shares of the company’s stock valued at $95,000 after buying an additional 2,725 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CoreCard in the second quarter worth about $145,000. Cubist Systematic Strategies LLC bought a new stake in shares of CoreCard during the 2nd quarter worth about $160,000. Finally, American Century Companies Inc. boosted its stake in shares of CoreCard by 3.1% during the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 43.90% of the company’s stock.

CoreCard Price Performance

Shares of CoreCard stock opened at $24.35 on Friday. CoreCard Co. has a 1-year low of $10.02 and a 1-year high of $24.35. The firm has a fifty day simple moving average of $19.79 and a 200-day simple moving average of $15.64. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $192.39 million, a price-to-earnings ratio of 49.69 and a beta of 0.51.

Analyst Upgrades and Downgrades

Separately, B. Riley downgraded 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 note on Thursday, October 3rd.

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.