Allspring Global Investments Holdings LLC Sells 4,018 Shares of CoreCard Co. (NYSE:CCRD)

Allspring Global Investments Holdings LLC trimmed its holdings in CoreCard Co. (NYSE:CCRD) by 25.7% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 11,605 shares of the company’s stock after selling 4,018 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in CoreCard were worth $160,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CCRD. Monarch Capital Management Inc. boosted its stake in shares of CoreCard by 12.5% in the 3rd quarter. Monarch Capital Management Inc. now owns 92,710 shares of the company’s stock worth $1,854,000 after buying an additional 10,285 shares during the last quarter. Ancora Advisors LLC lifted its holdings in CoreCard by 141.0% in the third quarter. Ancora Advisors LLC now owns 15,107 shares of the company’s stock valued at $302,000 after acquiring an additional 8,838 shares during the period. Deutsche Bank AG lifted its holdings in CoreCard by 8.6% in the third quarter. Deutsche Bank AG now owns 44,179 shares of the company’s stock valued at $884,000 after acquiring an additional 3,501 shares during the period. Finally, Denali Advisors LLC boosted its position in CoreCard by 8.7% in the fourth quarter. Denali Advisors LLC now owns 17,447 shares of the company’s stock worth $241,000 after purchasing an additional 1,400 shares during the last quarter. Hedge funds and other institutional investors own 43.90% of the company’s stock.

CoreCard Price Performance

NYSE CCRD opened at $11.92 on Monday. The company has a 50-day moving average price of $11.49 and a 200-day moving average price of $13.53. CoreCard Co. has a 52 week low of $10.02 and a 52 week high of $27.16. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $97.27 million, a P/E ratio of 29.80 and a beta of 0.36.

CoreCard (NYSE:CCRD) last announced its earnings results on Wednesday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05. CoreCard had a net margin of 6.06% and a return on equity of 8.12%. The company had revenue of $12.16 million during the quarter, compared to analyst estimates of $12.60 million. Equities research analysts anticipate that CoreCard Co. will post 0.12 earnings per share for the current year.

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.