B. Riley Reiterates Neutral Rating for CoreCard (NYSE:CCRD)

CoreCard (NYSE:CCRD)‘s stock had its “neutral” rating reiterated by research analysts at B. Riley in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $21.00 target price on the stock, up from their previous target price of $16.00. B. Riley’s price target points to a potential downside of 2.50% from the stock’s previous close.

CoreCard Stock Performance

Shares of CoreCard stock opened at $21.54 on Friday. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.04. The firm has a market cap of $170.16 million, a PE ratio of 32.15 and a beta of 0.50. CoreCard has a 52 week low of $10.02 and a 52 week high of $24.97. The business’s fifty day simple moving average is $22.64 and its 200-day simple moving average is $18.16.

CoreCard (NYSE:CCRD) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.17. The firm had revenue of $14.82 million for the quarter, compared to the consensus estimate of $13.40 million. CoreCard had a return on equity of 10.52% and a net margin of 9.49%. Equities analysts forecast that CoreCard will post 0.91 earnings per share for the current year.

Institutional Investors Weigh In On CoreCard

Several institutional investors and hedge funds have recently modified their holdings of CCRD. Tower Research Capital LLC TRC raised its holdings in shares of CoreCard by 167.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company’s stock valued at $32,000 after buying an additional 885 shares during the period. Barclays PLC increased its holdings in CoreCard by 853.3% during the 3rd quarter. Barclays PLC now owns 5,100 shares of the company’s stock worth $74,000 after purchasing an additional 4,565 shares during the period. FMR LLC increased its holdings in CoreCard by 72.0% during the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after purchasing an additional 2,725 shares during the period. Lazard Asset Management LLC purchased a new stake in CoreCard during the 4th quarter worth about $113,000. Finally, Russell Investments Group Ltd. increased its holdings in CoreCard by 8,257.9% during the 4th quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company’s stock worth $172,000 after purchasing an additional 7,845 shares during the period. Hedge funds and other institutional investors own 43.90% of the company’s stock.

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.