CoreCard (CCRD) to Release Earnings on Thursday

CoreCard (NYSE:CCRD) is projected to post its quarterly earnings results before the market opens on Thursday, August 7th. Analysts expect CoreCard to post earnings of $0.27 per share and revenue of $16.45 million for the quarter.

CoreCard Price Performance

CCRD opened at $27.09 on Wednesday. The firm has a market cap of $211.03 million, a price-to-earnings ratio of 31.50 and a beta of 0.75. CoreCard has a fifty-two week low of $11.90 and a fifty-two week high of $31.99. The company’s 50-day moving average price is $28.21 and its 200 day moving average price is $23.56. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.03.

Institutional Investors Weigh In On CoreCard

An institutional investor recently raised its position in CoreCard stock. Jane Street Group LLC grew its holdings in shares of CoreCard Corporation (NYSE:CCRD) by 60.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,884 shares of the company’s stock after buying an additional 9,359 shares during the period. Jane Street Group LLC owned 0.32% of CoreCard worth $466,000 as of its most recent filing with the Securities and Exchange Commission. 43.90% of the stock is currently owned by institutional investors and hedge funds.

CoreCard Company Profile

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.