CPI Card Group Inc. (NASDAQ:PMTS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,582 shares of the company’s stock after acquiring an additional 1,953 shares during the quarter. Geode Capital Management LLC owned about 0.99% of CPI Card Group worth $3,306,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PMTS. IFP Advisors Inc boosted its position in shares of CPI Card Group by 96.6% during the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock worth $91,000 after buying an additional 1,498 shares during the period. SG Americas Securities LLC purchased a new position in shares of CPI Card Group during the fourth quarter worth $104,000. Barclays PLC boosted its position in shares of CPI Card Group by 251.2% during the third quarter. Barclays PLC now owns 7,330 shares of the company’s stock worth $205,000 after buying an additional 5,243 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of CPI Card Group during the fourth quarter worth $264,000. Finally, Jane Street Group LLC purchased a new position in shares of CPI Card Group during the third quarter worth $305,000. Institutional investors and hedge funds own 22.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on PMTS shares. Roth Mkm restated a “buy” rating and set a $40.00 price target on shares of CPI Card Group in a research report on Wednesday, March 5th. B. Riley lifted their target price on CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Finally, DA Davidson lifted their target price on CPI Card Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $37.25.

CPI Card Group Trading Up 0.5 %

NASDAQ:PMTS opened at $26.16 on Monday. The firm has a market cap of $294.69 million, a PE ratio of 19.97 and a beta of 1.44. The stock has a fifty day moving average price of $28.00 and a 200 day moving average price of $28.62. CPI Card Group Inc. has a 12-month low of $17.11 and a 12-month high of $35.19.

About CPI Card Group

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.