Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of CoreCard Co. (NYSE:CCRD - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,334 shares of the company's stock, valued at approximately $416,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of CoreCard as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Monarch Capital Management Inc. grew its position in shares of CoreCard by 2.0% in the fourth 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 in the last quarter. FMR LLC boosted its stake in CoreCard by 72.0% in the 3rd quarter. FMR LLC now owns 6,511 shares of the company's stock worth $95,000 after purchasing an additional 2,725 shares during the period. Finally, Barclays PLC grew its holdings in CoreCard by 853.3% during the 3rd quarter. Barclays PLC now owns 5,100 shares of the company's stock valued at $74,000 after buying an additional 4,565 shares in the last quarter. Institutional investors own 43.90% of the company's stock.
CoreCard Price Performance
Shares of CoreCard stock traded up $0.03 during trading on Thursday, hitting $20.17. The stock had a trading volume of 9,083 shares, compared to its average volume of 26,403. The firm has a market cap of $157.02 million, a price-to-earnings ratio of 30.10 and a beta of 0.46. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04. The business's 50-day moving average is $21.67 and its 200 day moving average is $19.27. CoreCard Co. has a 12 month low of $10.09 and a 12 month high of $24.97.
CoreCard (NYSE:CCRD - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.17. The company had revenue of $14.82 million for the quarter, compared to analysts' expectations of $13.40 million. CoreCard had a net margin of 9.49% and a return on equity of 10.52%. As a group, sell-side analysts anticipate that CoreCard Co. will post 0.91 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, B. Riley restated a "neutral" rating and issued a $21.00 price objective (up from $16.00) on shares of CoreCard in a research report on Friday, February 21st.
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About CoreCard
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Free Report)
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.
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