CPI Card Group Inc. (NASDAQ:PMTS) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership grew its position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 92.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,220 shares of the company's stock after purchasing an additional 32,784 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.61% of CPI Card Group worth $2,039,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of PMTS. Pacific Ridge Capital Partners LLC acquired a new position in CPI Card Group in the 4th quarter worth approximately $4,401,000. JPMorgan Chase & Co. boosted its holdings in shares of CPI Card Group by 703.0% in the 4th quarter. JPMorgan Chase & Co. now owns 18,188 shares of the company's stock valued at $544,000 after acquiring an additional 15,923 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of CPI Card Group in the fourth quarter worth $3,240,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of CPI Card Group by 10.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,412 shares of the company's stock worth $700,000 after purchasing an additional 2,178 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in CPI Card Group by 96.6% during the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock valued at $91,000 after purchasing an additional 1,498 shares during the period. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on PMTS. B. Riley increased their price target on CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Roth Mkm reaffirmed a "buy" rating and set a $40.00 target price on shares of CPI Card Group 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 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $37.25.

CPI Card Group Stock Down 1.5 %

Shares of NASDAQ:PMTS traded down $0.38 during trading on Wednesday, reaching $25.10. 7,832 shares of the company's stock traded hands, compared to its average volume of 33,474. CPI Card Group Inc. has a fifty-two week low of $16.08 and a fifty-two week high of $35.19. The company has a 50-day simple moving average of $28.52 and a 200-day simple moving average of $28.49. The firm has a market cap of $282.75 million, a PE ratio of 18.88 and a beta of 1.44.

About CPI Card Group

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.