20,408 Shares in CPI Card Group Inc. (NASDAQ:PMTS) Bought by Trexquant Investment LP

Trexquant Investment LP purchased a new position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,408 shares of the company's stock, valued at approximately $610,000. Trexquant Investment LP owned 0.18% of CPI Card Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc increased its holdings in CPI Card Group by 96.6% in the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock valued at $91,000 after buying an additional 1,498 shares during the period. Geode Capital Management LLC raised its position in CPI Card Group by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 110,582 shares of the company's stock valued at $3,306,000 after purchasing an additional 1,953 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of CPI Card Group by 10.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,412 shares of the company's stock valued at $700,000 after purchasing an additional 2,178 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of 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 buying an additional 2,723 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of 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 buying an additional 3,414 shares during the last quarter. Institutional investors and hedge funds own 22.08% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on PMTS. Roth Mkm reissued a "buy" rating and issued a $40.00 price objective on shares of CPI Card Group in a research note on Wednesday, March 5th. B. Riley upped their target price on CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Finally, DA Davidson boosted their price target on CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Four 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.com, the stock has a consensus rating of "Buy" and an average target price of $37.25.

CPI Card Group Trading Up 3.1 %

NASDAQ:PMTS traded up $0.77 on Tuesday, reaching $25.48. 52,853 shares of the stock traded hands, compared to its average volume of 33,520. The firm has a market capitalization of $287.03 million, a price-to-earnings ratio of 19.45 and a beta of 1.44. CPI Card Group Inc. has a 1-year low of $16.08 and a 1-year high of $35.19. The company's 50 day moving average is $28.59 and its 200-day moving average is $28.51.

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.