Barclays PLC Purchases 5,243 Shares of CPI Card Group Inc. (NASDAQ:PMTS)

Barclays PLC raised its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 251.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,330 shares of the company’s stock after purchasing an additional 5,243 shares during the period. Barclays PLC owned 0.07% of CPI Card Group worth $205,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Jane Street Group LLC bought a new position in CPI Card Group during the 3rd quarter worth $305,000. Geode Capital Management LLC raised its position 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 during the last quarter. Vector Capital Management L.P. raised its position in CPI Card Group by 77.7% during the 2nd quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock worth $6,778,000 after purchasing an additional 108,756 shares during the last quarter. Dimensional Fund Advisors LP raised its position in CPI Card Group by 31.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock worth $653,000 after purchasing an additional 5,783 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in CPI Card Group during the 3rd quarter worth $205,000. 22.08% of the stock is owned by institutional investors.

Insider Activity

In other news, Director H Sanford Riley bought 2,000 shares of CPI Card Group stock in a transaction dated Monday, December 2nd. The stock was bought at an average cost of $32.51 per share, for a total transaction of $65,020.00. Following the purchase, the director now directly owns 9,500 shares in the company, valued at approximately $308,845. This represents a 26.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. DA Davidson assumed coverage on CPI Card Group in a report on Friday, November 22nd. They set a “buy” rating and a $36.00 price target for the company. Lake Street Capital increased their price target on CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $37.67.

CPI Card Group Trading Down 0.3 %

Shares of CPI Card Group stock opened at $30.04 on Wednesday. The business has a 50-day moving average price of $31.11 and a two-hundred day moving average price of $28.01. The company has a market cap of $335.25 million, a P/E ratio of 22.93 and a beta of 1.46. CPI Card Group Inc. has a 1-year low of $15.00 and a 1-year high of $35.19.

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.