CoreCard Co. (NYSE:CCRD - Get Free Report)'s stock price rose 1.4% on Monday . The stock traded as high as $19.90 and last traded at $19.74. Approximately 9,826 shares traded hands during trading, a decline of 75% from the average daily volume of 38,845 shares. The stock had previously closed at $19.46.
Analyst Upgrades and Downgrades
Separately, B. Riley reiterated a "neutral" rating and set a $21.00 price target (up from $16.00) on shares of CoreCard in a report on Friday, February 21st.
View Our Latest Research Report on CoreCard
CoreCard Stock Down 0.8 %
The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. The firm's 50-day simple moving average is $21.82 and its two-hundred day simple moving average is $19.06. The stock has a market cap of $160.37 million, a price-to-earnings ratio of 30.69 and a beta of 0.46.
CoreCard (NYSE:CCRD - Get Free Report) last released 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. CoreCard had a return on equity of 10.52% and a net margin of 9.49%. The business had revenue of $14.82 million during the quarter, compared to the consensus estimate of $13.40 million. On average, sell-side analysts expect that CoreCard Co. will post 0.91 EPS for the current fiscal year.
Institutional Trading of CoreCard
A number of large investors have recently bought and sold shares of CCRD. Tower Research Capital LLC TRC grew its holdings in shares of CoreCard by 167.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company's stock valued at $32,000 after acquiring an additional 885 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CoreCard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 59,440 shares of the company's stock valued at $1,350,000 after purchasing an additional 1,003 shares during the period. Northern Trust Corp grew its holdings in CoreCard by 16.9% during the fourth quarter. Northern Trust Corp now owns 12,904 shares of the company's stock worth $293,000 after purchasing an additional 1,863 shares during the period. Monarch Capital Management Inc. raised its stake in 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 buying an additional 1,920 shares during the period. Finally, FMR LLC lifted its position in shares of CoreCard by 72.0% in 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. 43.90% of the stock is owned by institutional investors.
About CoreCard
(
Get 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.
Further Reading
Before you consider CoreCard, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreCard wasn't on the list.
While CoreCard currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
