CoreCard's (CCRD) "Neutral" Rating Reiterated at B. Riley

CoreCard (NYSE:CCRD - Get Free Report)'s stock had its "neutral" rating reissued by investment analysts at B. Riley in a report released on Friday,Benzinga reports. They presently have a $21.00 target price on the stock, up from their prior target price of $16.00. B. Riley's price objective points to a potential upside of 1.90% from the company's previous close.

CoreCard Stock Up 2.7 %

Shares of NYSE:CCRD traded up $0.54 during trading on Friday, hitting $20.61. 29,589 shares of the company were exchanged, compared to its average volume of 29,886. The firm's 50 day moving average price is $22.60 and its 200-day moving average price is $18.26. CoreCard has a 12-month low of $10.02 and a 12-month high of $24.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 4.90. The stock has a market capitalization of $162.80 million, a P/E ratio of 30.76 and a beta of 0.50.

CoreCard (NYSE:CCRD - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.17. CoreCard had a net margin of 9.49% and a return on equity of 10.52%. The firm had revenue of $14.82 million during the quarter, compared to analysts' expectations of $13.40 million. On average, research analysts predict that CoreCard will post 0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of CoreCard by 167.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company's stock worth $32,000 after acquiring an additional 885 shares during the last quarter. Barclays PLC grew its position in CoreCard by 853.3% during the 3rd quarter. Barclays PLC now owns 5,100 shares of the company's stock worth $74,000 after purchasing an additional 4,565 shares during the last quarter. FMR LLC increased its stake in 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 purchasing an additional 2,725 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of CoreCard in the fourth quarter valued at about $113,000. Finally, Russell Investments Group Ltd. boosted its stake in shares of CoreCard by 8,257.9% during the fourth quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company's stock worth $172,000 after buying an additional 7,845 shares during the period. Institutional investors and hedge funds own 43.90% of the company's stock.

CoreCard Company 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.