CPI Card Group Inc. (NASDAQ:PMTS) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets boosted its position in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 182.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,281 shares of the company’s stock after purchasing an additional 3,414 shares during the quarter. BNP Paribas Financial Markets’ holdings in CPI Card Group were worth $147,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pembroke Management LTD boosted its position in shares of CPI Card Group by 48.7% in the 3rd quarter. Pembroke Management LTD now owns 26,627 shares of the company’s stock worth $741,000 after buying an additional 8,720 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in CPI Card Group during the third quarter worth about $205,000. Ritholtz Wealth Management purchased a new stake in shares of CPI Card Group in the third quarter valued at about $449,000. Vector Capital Management L.P. grew its position in shares of 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 valued at $6,778,000 after purchasing an additional 108,756 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of CPI Card Group by 139.0% in the second quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock valued at $1,070,000 after purchasing an additional 22,841 shares during the last quarter. Institutional investors and hedge funds own 22.08% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PMTS shares. Lake Street Capital upped their target price on CPI Card Group from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. DA Davidson started coverage on CPI Card Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $36.00 price objective on the stock. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $37.67.

Insider Activity at CPI Card Group

In related news, major shareholder Equity Ulc Parallel49 sold 1,380,000 shares of the stock in a transaction on Wednesday, October 2nd. The stock was sold at an average price of $21.00, for a total value of $28,980,000.00. Following the transaction, the insider now directly owns 4,813,977 shares of the company’s stock, valued at approximately $101,093,517. This trade represents a 22.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director H Sanford Riley bought 2,000 shares of CPI Card Group stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of $32.51 per share, for a total transaction of $65,020.00. Following the acquisition, the director now directly owns 9,500 shares of the company’s stock, valued at $308,845. The trade was a 26.67 % increase in their position. The disclosure for this purchase can be found here. Insiders own 2.20% of the company’s stock.

CPI Card Group Stock Performance

PMTS stock opened at $34.17 on Wednesday. CPI Card Group Inc. has a one year low of $15.00 and a one year high of $34.90. The stock has a market capitalization of $381.34 million, a P/E ratio of 26.08 and a beta of 1.39. The company has a 50 day moving average price of $27.59 and a two-hundred day moving average price of $27.30.

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.