Point72 Asia Singapore Pte. Ltd. Acquires New Stake in CoreCard Co. (NYSE:CCRD)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of CoreCard Co. (NYSE:CCRD) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,959 shares of the company’s stock, valued at approximately $145,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.12% of CoreCard at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCRD. Victory Capital Management Inc. boosted its stake in shares of CoreCard by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock worth $83,000 after purchasing an additional 1,790 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of CoreCard during the second quarter valued at approximately $160,000. American Century Companies Inc. boosted its position in CoreCard by 3.1% during the second quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock worth $509,000 after acquiring an additional 1,061 shares during the last quarter. Monarch Capital Management Inc. grew its stake in CoreCard by 1.0% in the 2nd quarter. Monarch Capital Management Inc. now owns 92,750 shares of the company’s stock worth $1,353,000 after acquiring an additional 925 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in CoreCard by 31.3% in the 1st quarter. Acadian Asset Management LLC now owns 142,431 shares of the company’s stock valued at $1,573,000 after acquiring an additional 33,945 shares during the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

CoreCard Trading Up 0.7 %

Shares of CoreCard stock opened at $14.49 on Friday. The firm has a market cap of $116.21 million, a PE ratio of 48.30 and a beta of 0.40. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 0.04. CoreCard Co. has a fifty-two week low of $10.02 and a fifty-two week high of $21.93. The business’s fifty day moving average is $13.63 and its two-hundred day moving average is $13.05.

CoreCard (NYSE:CCRD) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. CoreCard had a return on equity of 4.87% and a net margin of 3.03%. The firm had revenue of $13.80 million for the quarter, compared to analyst estimates of $12.13 million. During the same period last year, the company earned $0.22 EPS. Analysts anticipate that CoreCard Co. will post 0.48 earnings per share for the current year.

About CoreCard

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.