Squarepoint Ops LLC Buys 8,386 Shares of CPI Card Group Inc. (NASDAQ:PMTS)

Squarepoint Ops LLC lifted its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 113.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,760 shares of the company’s stock after buying an additional 8,386 shares during the quarter. Squarepoint Ops LLC owned about 0.14% of CPI Card Group worth $471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in CPI Card Group by 1,635.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company’s stock valued at $49,000 after acquiring an additional 1,554 shares during the period. Wells Fargo & Company MN increased its stake in shares of CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after purchasing an additional 776 shares during the period. Tower Research Capital LLC TRC lifted its holdings in CPI Card Group by 355.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company’s stock worth $80,000 after purchasing an additional 2,080 shares during the last quarter. IFP Advisors Inc lifted its holdings in CPI Card Group by 96.6% during the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock worth $91,000 after purchasing an additional 1,498 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in CPI Card Group in the 4th quarter valued at $104,000. Institutional investors own 22.08% of the company’s stock.

Insider Buying and Selling

In other CPI Card Group news, Chairman H Sanford Riley bought 15,000 shares of CPI Card Group stock in a transaction on Friday, May 9th. The shares were purchased at an average price of $21.51 per share, with a total value of $322,650.00. Following the acquisition, the chairman now owns 19,966 shares in the company, valued at $429,468.66. This trade represents a 302.05% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by company insiders.

CPI Card Group Stock Performance

Shares of NASDAQ PMTS opened at $21.43 on Thursday. The stock has a market capitalization of $241.75 million, a P/E ratio of 16.36 and a beta of 1.77. The stock’s fifty day moving average is $23.98 and its 200 day moving average is $28.22. CPI Card Group Inc. has a 52 week low of $18.46 and a 52 week high of $35.19.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $122.76 million for the quarter, compared to analyst estimates of $120.90 million. CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. Equities research analysts forecast that CPI Card Group Inc. will post 1.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PMTS shares. DA Davidson increased their price objective on CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Roth Mkm restated a “buy” rating and issued a $40.00 price target on shares of CPI Card Group in a research note on Wednesday, March 5th. Lake Street Capital dropped their price objective on shares of CPI Card Group from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Wall Street Zen downgraded shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a report on Friday, May 9th. Finally, B. Riley raised their target price 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. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.75.

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.