CoreCard (NYSE:CCRD) Trading Up 1.4% – What’s Next?

CoreCard Co. (NYSE:CCRD) shares rose 1.4% during trading on Monday . The stock traded as high as $19.90 and last traded at $19.74. Approximately 9,826 shares changed hands during trading, a decline of 75% from the average daily volume of 38,845 shares. The stock had previously closed at $19.46.

Analyst Upgrades and Downgrades

Separately, B. Riley reissued a “neutral” rating and issued a $21.00 price target (up previously from $16.00) on shares of CoreCard in a report on Friday, February 21st.

CoreCard Trading Up 1.4 %

The firm has a market cap of $153.68 million, a price-to-earnings ratio of 29.46 and a beta of 0.46. The company’s 50-day moving average price is $22.03 and its 200-day moving average price is $19.01. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.04.

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

Institutional Investors Weigh In On CoreCard

Several institutional investors and hedge funds have recently modified their holdings of the company. Topline Capital Management LLC acquired a new stake in CoreCard in the fourth quarter valued at approximately $7,317,000. Arrowstreet Capital Limited Partnership grew its position in CoreCard by 160.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 98,841 shares of the company’s stock valued at $2,244,000 after buying an additional 60,927 shares during the last quarter. Citadel Advisors LLC raised its position in CoreCard by 349.4% in the fourth quarter. Citadel Advisors LLC now owns 61,123 shares of the company’s stock worth $1,387,000 after acquiring an additional 47,523 shares in the last quarter. D. E. Shaw & Co. Inc. lifted its stake in shares of CoreCard by 169.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 30,450 shares of the company’s stock valued at $691,000 after purchasing an additional 19,168 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in CoreCard during the fourth quarter worth $416,000. 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.