Renaissance Technologies LLC Purchases 26,808 Shares of CPI Card Group Inc. (NASDAQ:PMTS)

Renaissance Technologies LLC increased its position in CPI Card Group Inc. (NASDAQ:PMTS) by 344.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,600 shares of the company’s stock after acquiring an additional 26,808 shares during the quarter. Renaissance Technologies LLC owned about 0.31% of CPI Card Group worth $1,034,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Pacific Ridge Capital Partners LLC bought a new position in shares of CPI Card Group during the 4th quarter worth about $4,401,000. Hillsdale Investment Management Inc. bought a new position in shares of CPI Card Group during the 4th quarter worth about $3,240,000. Kornitzer Capital Management Inc. KS bought a new position in shares of CPI Card Group during the 4th quarter worth about $1,046,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of CPI Card Group by 92.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 68,220 shares of the company’s stock worth $2,039,000 after purchasing an additional 32,784 shares during the period. Finally, Trexquant Investment LP bought a new position in shares of CPI Card Group during the 4th quarter worth about $610,000. Institutional investors own 22.08% of the company’s stock.

CPI Card Group Stock Performance

Shares of CPI Card Group stock opened at $26.14 on Thursday. The firm’s 50-day simple moving average is $27.73 and its 200-day simple moving average is $28.60. CPI Card Group Inc. has a twelve month low of $17.11 and a twelve month high of $35.19. The firm has a market cap of $294.47 million, a P/E ratio of 19.95 and a beta of 1.44.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Roth Mkm restated a “buy” rating and set a $40.00 price objective on shares of CPI Card Group in a report on Wednesday, March 5th. DA Davidson boosted their price objective on shares of CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, B. Riley boosted their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $37.25.

CPI Card Group Company 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.