Allspring Global Investments Holdings LLC Invests $205,000 in CPI Card Group Inc. (NASDAQ:PMTS)

Allspring Global Investments Holdings LLC purchased a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 7,375 shares of the company’s stock, valued at approximately $205,000. Allspring Global Investments Holdings LLC owned 0.07% of CPI Card Group at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PMTS. Vanguard Group Inc. raised its position in shares of CPI Card Group by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 340,945 shares of the company’s stock worth $6,089,000 after acquiring an additional 10,265 shares in the last quarter. Vector Capital Management L.P. raised its holdings in CPI Card Group by 77.7% in the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock worth $6,778,000 after purchasing an additional 108,756 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in CPI Card Group by 31.8% during the second quarter. Dimensional Fund Advisors LP now owns 23,979 shares of the company’s stock valued at $653,000 after buying an additional 5,783 shares during the period. Rhumbline Advisers boosted its holdings in shares of CPI Card Group by 32.8% during the 2nd quarter. Rhumbline Advisers now owns 6,302 shares of the company’s stock valued at $172,000 after buying an additional 1,555 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of CPI Card Group by 139.0% in the 2nd quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock worth $1,070,000 after buying an additional 22,841 shares during the period. 22.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Lake Street Capital lifted their price target on shares of CPI Card Group from $22.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th.

Insiders Place Their Bets

In other news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the sale, the insider now owns 4,813,977 shares in the company, valued at $101,093,517. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other CPI Card Group news, Director Marc Sheinbaum bought 2,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average price of $25.26 per share, with a total value of $50,520.00. Following the transaction, the director now owns 10,390 shares in the company, valued at $262,451.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $21.00, for a total transaction of $28,980,000.00. Following the sale, the insider now directly owns 4,813,977 shares in the company, valued at approximately $101,093,517. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.20% of the company’s stock.

CPI Card Group Trading Up 1.5 %

Shares of NASDAQ:PMTS opened at $21.83 on Monday. The stock has a fifty day simple moving average of $25.28 and a two-hundred day simple moving average of $25.45. CPI Card Group Inc. has a 12-month low of $12.65 and a 12-month high of $31.00. The stock has a market capitalization of $243.62 million, a price-to-earnings ratio of 14.27 and a beta of 1.21.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.05). The company had revenue of $118.82 million during the quarter, compared to analysts’ expectations of $111.85 million. CPI Card Group had a negative return on equity of 35.79% and a net margin of 4.11%. During the same period in the prior year, the firm earned $0.55 EPS. As a group, equities research analysts predict that CPI Card Group Inc. will post 2.06 EPS for the current year.

CPI Card Group 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.