Millennium Management LLC Has $1.39 Million Holdings in CoreCard Co. (NYSE:CCRD)

Millennium Management LLC boosted its position in shares of CoreCard Co. (NYSE:CCRD) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,102 shares of the company’s stock after purchasing an additional 3,494 shares during the period. Millennium Management LLC owned about 0.77% of CoreCard worth $1,387,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its holdings in CoreCard by 167.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company’s stock worth $32,000 after purchasing an additional 885 shares in the last quarter. Lazard Asset Management LLC bought a new position in CoreCard during the 4th quarter worth about $113,000. Russell Investments Group Ltd. grew its holdings in shares of CoreCard by 8,257.9% in the 4th quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company’s stock valued at $172,000 after acquiring an additional 7,845 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in shares of CoreCard in the 4th quarter valued at about $215,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of CoreCard in the 4th quarter valued at about $220,000. Institutional investors own 43.90% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley restated a “neutral” rating and issued a $21.00 price objective (up previously from $16.00) on shares of CoreCard in a report on Friday, February 21st.

CoreCard Trading Down 2.2%

Shares of NYSE:CCRD opened at $26.48 on Wednesday. CoreCard Co. has a 52-week low of $11.57 and a 52-week high of $28.00. The company has a market capitalization of $206.16 million, a P/E ratio of 39.51 and a beta of 0.54. The company has a 50-day simple moving average of $21.15 and a 200 day simple moving average of $21.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90.

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.