CoreCard (NYSE:CCRD) Shares Up 2.4%

Shares of CoreCard Co. (NYSE:CCRDGet Free Report) shot up 2.4% during mid-day trading on Monday . The company traded as high as $13.92 and last traded at $13.29. 31,000 shares traded hands during trading, a decline of 19% from the average session volume of 38,461 shares. The stock had previously closed at $12.98.

CoreCard Trading Up 2.4 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 4.72 and a quick ratio of 4.72. The company’s 50 day moving average is $12.10 and its two-hundred day moving average is $12.73. The firm has a market cap of $108.45 million, a P/E ratio of 44.30 and a beta of 0.35.

CoreCard (NYSE:CCRDGet Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. CoreCard had a net margin of 4.73% and a return on equity of 6.59%. The business had revenue of $13.08 million during the quarter, compared to analysts’ expectations of $12.00 million. On average, sell-side analysts predict that CoreCard Co. will post 0.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCRD. Denali Advisors LLC lifted its stake in CoreCard by 8.7% during 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 period. Ancora Advisors LLC lifted its stake in CoreCard by 141.0% during the third quarter. Ancora Advisors LLC now owns 15,107 shares of the company’s stock worth $302,000 after purchasing an additional 8,838 shares during the period. Allspring Global Investments Holdings LLC bought a new position in CoreCard during the third quarter worth about $312,000. Deutsche Bank AG increased its holdings in shares of CoreCard by 8.6% during the third quarter. Deutsche Bank AG now owns 44,179 shares of the company’s stock worth $884,000 after buying an additional 3,501 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of CoreCard by 31.3% during the first quarter. Acadian Asset Management LLC now owns 142,431 shares of the company’s stock worth $1,573,000 after buying an additional 33,945 shares in the last quarter. Institutional investors own 43.90% of the company’s stock.

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.

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