IFP Advisors Inc Boosts Stock Position in CPI Card Group Inc. (NASDAQ:PMTS)

IFP Advisors Inc increased its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 96.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,048 shares of the company’s stock after purchasing an additional 1,498 shares during the quarter. IFP Advisors Inc’s holdings in CPI Card Group were worth $91,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MetLife Investment Management LLC grew its stake in CPI Card Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock worth $82,000 after purchasing an additional 1,656 shares in the last quarter. Ritholtz Wealth Management grew its stake in CPI Card Group by 16.9% during the 4th quarter. Ritholtz Wealth Management now owns 18,840 shares of the company’s stock worth $563,000 after purchasing an additional 2,723 shares in the last quarter. Geode Capital Management LLC grew its stake in CPI Card Group by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 108,629 shares of the company’s stock worth $3,024,000 after purchasing an additional 2,828 shares in the last quarter. BNP Paribas Financial Markets grew its stake in CPI Card Group by 182.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock worth $147,000 after purchasing an additional 3,414 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of CPI Card Group during the 4th quarter worth about $104,000. 22.08% of the stock is owned by institutional investors and hedge funds.

CPI Card Group Stock Performance

CPI Card Group stock opened at $29.03 on Thursday. CPI Card Group Inc. has a fifty-two week low of $15.00 and a fifty-two week high of $35.19. The company has a market capitalization of $323.95 million, a P/E ratio of 22.16 and a beta of 1.43. The stock has a 50-day simple moving average of $30.20 and a 200-day simple moving average of $28.44.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Lake Street Capital upped their price objective on CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Roth Mkm reaffirmed a “buy” rating and set a $40.00 price objective on shares of CPI Card Group in a research report on Wednesday. DA Davidson upped their price objective on CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, B. Riley upped their price objective on CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $37.25.

CPI Card Group Profile

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.