Marshall Wace LLP Grows Position in CPI Card Group Inc. (NASDAQ:PMTS)

Marshall Wace LLP raised its position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 112.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,877 shares of the company's stock after acquiring an additional 43,814 shares during the quarter. Marshall Wace LLP owned approximately 0.74% of CPI Card Group worth $2,477,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PMTS. Russell Investments Group Ltd. increased its holdings in shares of CPI Card Group by 1,635.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock valued at $49,000 after purchasing an additional 1,554 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after buying an additional 776 shares during the period. IFP Advisors Inc boosted its position in shares of CPI Card Group by 96.6% during the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock worth $91,000 after buying an additional 1,498 shares during the period. SG Americas Securities LLC purchased a new position in shares of CPI Card Group during the fourth quarter worth $104,000. Finally, Barclays PLC boosted its position in shares of CPI Card Group by 251.2% during the third quarter. Barclays PLC now owns 7,330 shares of the company's stock worth $205,000 after buying an additional 5,243 shares during the period. Institutional investors and hedge funds own 22.08% of the company's stock.

CPI Card Group Trading Down 0.3 %

NASDAQ:PMTS traded down $0.09 during midday trading on Tuesday, reaching $26.39. The company had a trading volume of 18,005 shares, compared to its average volume of 34,050. The firm has a market capitalization of $297.28 million, a price-to-earnings ratio of 20.15 and a beta of 1.44. The stock's fifty day simple moving average is $27.82 and its 200-day simple moving average is $28.62. CPI Card Group Inc. has a 12-month low of $17.11 and a 12-month high of $35.19.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PMTS shares. DA Davidson raised their price target on CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. B. Riley raised 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. Finally, Roth Mkm reiterated a "buy" rating and issued a $40.00 target price on shares of CPI Card Group in a report on Wednesday, March 5th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CPI Card Group has an average rating of "Buy" and a consensus price target of $37.25.

CPI Card Group Company Profile

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.