CoreCard Co. (NYSE:CCRD) Shares Bought by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in CoreCard Co. (NYSE:CCRD - Free Report) by 160.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 98,841 shares of the company's stock after acquiring an additional 60,927 shares during the period. Arrowstreet Capital Limited Partnership owned about 1.25% of CoreCard worth $2,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Monarch Capital Management Inc. lifted its position in CoreCard by 2.0% in the 4th quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company's stock valued at $2,225,000 after purchasing an additional 1,920 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of CoreCard during the fourth quarter valued at approximately $416,000. FMR LLC raised its holdings in shares of CoreCard by 72.0% during the third quarter. FMR LLC now owns 6,511 shares of the company's stock valued at $95,000 after buying an additional 2,725 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of CoreCard by 853.3% during the third quarter. Barclays PLC now owns 5,100 shares of the company's stock worth $74,000 after buying an additional 4,565 shares during the period. 43.90% of the stock is currently owned by institutional investors and hedge funds.

CoreCard Price Performance

CCRD traded up $0.42 on Tuesday, reaching $18.67. The company had a trading volume of 909 shares, compared to its average volume of 37,863. CoreCard Co. has a one year low of $10.25 and a one year high of $24.97. The company has a market capitalization of $145.34 million, a P/E ratio of 27.86 and a beta of 0.49. The company has a fifty day moving average of $20.38 and a 200-day moving average of $19.61. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04.

CoreCard (NYSE:CCRD - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.17. The business had revenue of $14.82 million for the quarter, compared to analyst estimates of $13.40 million. CoreCard had a net margin of 9.49% and a return on equity of 10.52%. As a group, equities research analysts anticipate that CoreCard Co. will post 0.91 earnings per share for the current year.

Analysts Set New Price Targets

Separately, B. Riley reaffirmed a "neutral" rating and set a $21.00 target price (up previously from $16.00) on shares of CoreCard in a research note on Friday, February 21st.

CoreCard 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.