340,431 Shares in CPI Card Group Inc. (NASDAQ:PMTS) Acquired by Wasatch Advisors LP

Wasatch Advisors LP acquired a new stake in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 340,431 shares of the company's stock, valued at approximately $10,175,000. Wasatch Advisors LP owned 3.05% of CPI Card Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of PMTS. Barclays PLC increased its stake in CPI Card Group by 5.2% during the 4th quarter. Barclays PLC now owns 7,712 shares of the company's stock valued at $230,000 after purchasing an additional 382 shares in the last quarter. Wells Fargo & Company MN increased its holdings in CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after buying an additional 776 shares during the last quarter. IFP Advisors Inc grew its stake 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 in the last quarter. Russell Investments Group Ltd. lifted its position in shares of CPI Card Group by 1,635.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock worth $49,000 after acquiring an additional 1,554 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of 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 buying an additional 1,953 shares during the period. 22.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Roth Mkm restated a "buy" rating and set a $40.00 price target on shares of CPI Card Group in a research report on Wednesday, March 5th. DA Davidson upped their target price on CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, B. Riley raised their price target on CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CPI Card Group currently has an average rating of "Buy" and an average target price of $37.25.

CPI Card Group Price Performance

PMTS stock traded up $0.90 during mid-day trading on Tuesday, hitting $26.52. 17,944 shares of the stock were exchanged, compared to its average volume of 33,739. The business has a fifty day moving average price of $28.24 and a 200 day moving average price of $28.56. The stock has a market capitalization of $298.76 million, a price-to-earnings ratio of 20.29 and a beta of 1.44. CPI Card Group Inc. has a 12 month low of $16.08 and a 12 month high of $35.19.

CPI Card Group Company 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.