Jane Street Group LLC Has $247,000 Position in CoreCard Co. (NYSE:CCRD)

Jane Street Group LLC lowered its position in CoreCard Co. (NYSE:CCRD) by 49.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,008 shares of the company’s stock after selling 16,741 shares during the quarter. Jane Street Group LLC owned approximately 0.22% of CoreCard worth $247,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of CoreCard during the 2nd quarter worth about $160,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CoreCard during the 2nd quarter worth about $145,000. FMR LLC lifted its stake in shares of CoreCard by 72.0% during the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after buying an additional 2,725 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of CoreCard by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock worth $83,000 after buying an additional 1,790 shares during the last quarter. Finally, American Century Companies Inc. lifted 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 buying an additional 1,061 shares during the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

Analyst Ratings Changes

Separately, B. Riley cut shares of CoreCard from a “buy” rating to a “neutral” rating and cut their target price for the stock from $19.00 to $15.00 in a research note on Thursday, October 3rd.

CoreCard Stock Performance

NYSE CCRD opened at $22.72 on Friday. The firm has a 50-day moving average of $20.90 and a 200-day moving average of $16.03. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. The stock has a market cap of $179.51 million, a PE ratio of 46.37 and a beta of 0.49. CoreCard Co. has a 52-week low of $10.02 and a 52-week high of $24.97.

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.