Geode Capital Management LLC Has $3.02 Million Stock Holdings in CPI Card Group Inc. (NASDAQ:PMTS)

Geode Capital Management LLC increased its stake in CPI Card Group Inc. (NASDAQ:PMTS) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,629 shares of the company’s stock after acquiring an additional 2,828 shares during the quarter. Geode Capital Management LLC owned about 0.97% of CPI Card Group worth $3,024,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PMTS. Bank of New York Mellon Corp raised its holdings in CPI Card Group by 7.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock worth $1,220,000 after purchasing an additional 3,158 shares during the last quarter. Rhumbline Advisers increased its position in shares of CPI Card Group by 32.8% during the second quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock worth $172,000 after buying an additional 1,555 shares during the period. Dimensional Fund Advisors LP raised its stake in CPI Card Group by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock worth $653,000 after buying an additional 5,783 shares during the last quarter. Marshall Wace LLP lifted its holdings in CPI Card Group by 139.0% in the second quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock valued at $1,070,000 after buying an additional 22,841 shares during the period. Finally, Vector Capital Management L.P. boosted its position in CPI Card Group by 77.7% during the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock valued at $6,778,000 after acquiring an additional 108,756 shares during the last quarter. 22.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CPI Card Group

In related news, Director H Sanford Riley acquired 2,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was purchased at an average cost of $32.51 per share, with a total value of $65,020.00. Following the acquisition, the director now owns 9,500 shares of the company’s stock, valued at approximately $308,845. This trade represents a 26.67 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Lake Street Capital boosted their price objective on CPI Card Group from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. DA Davidson initiated coverage on CPI Card Group in a report on Friday, November 22nd. They issued a “buy” rating and a $36.00 target price for the company. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $37.67.

CPI Card Group Stock Down 1.3 %

NASDAQ PMTS opened at $31.62 on Tuesday. CPI Card Group Inc. has a 52 week low of $15.00 and a 52 week high of $35.19. The business has a 50 day moving average price of $29.92 and a 200-day moving average price of $27.77. The company has a market cap of $352.85 million, a price-to-earnings ratio of 24.14 and a beta of 1.46.

About CPI Card Group

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.