US Bancorp DE Takes $33,000 Position in CPI Card Group Inc. $PMTS

US Bancorp DE bought a new position in shares of CPI Card Group Inc. (NASDAQ:PMTS) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,127 shares of the company’s stock, valued at approximately $33,000.

Several other large investors also recently bought and sold shares of PMTS. Russell Investments Group Ltd. boosted its stake in shares of 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 buying an additional 1,554 shares during the period. Wells Fargo & Company MN lifted its stake in CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock worth $75,000 after acquiring an additional 776 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in CPI Card Group by 355.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company’s stock worth $80,000 after acquiring an additional 2,080 shares during the last quarter. Virtus Investment Advisers Inc. acquired a new position in CPI Card Group during the 4th quarter worth approximately $84,000. Finally, Deutsche Bank AG increased its position in shares of CPI Card Group by 4,014.4% in the 4th quarter. Deutsche Bank AG now owns 4,279 shares of the company’s stock valued at $128,000 after purchasing an additional 4,175 shares during the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PMTS. Lake Street Capital reduced their price objective on shares of CPI Card Group from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, August 11th. DA Davidson cut their price target on CPI Card Group from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, August 12th. Zacks Research raised CPI Card Group to a “hold” rating in a report on Monday, August 11th. Finally, Wall Street Zen downgraded CPI Card Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CPI Card Group currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

CPI Card Group Stock Performance

Shares of NASDAQ:PMTS opened at $14.89 on Thursday. CPI Card Group Inc. has a one year low of $12.52 and a one year high of $35.19. The stock has a market capitalization of $168.85 million, a price-to-earnings ratio of 13.29 and a beta of 1.31. The company has a 50-day simple moving average of $20.74 and a 200-day simple moving average of $24.35.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Friday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.52). The company had revenue of $129.75 million during the quarter, compared to analyst estimates of $132.96 million. CPI Card Group had a net margin of 2.66% and a negative return on equity of 58.00%. As a group, research analysts forecast that CPI Card Group Inc. will post 1.63 EPS for the current fiscal year.

Insider Activity

In related news, Chairman H Sanford Riley purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average price of $15.75 per share, for a total transaction of $157,500.00. Following the completion of the purchase, the chairman directly owned 31,033 shares of the company’s stock, valued at $488,769.75. This trade represents a 47.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

CPI Card Group 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.