Russell Investments Group Ltd. Boosts Stock Position in CoreCard Corporation $CCRD

Russell Investments Group Ltd. raised its stake in shares of CoreCard Corporation (NYSE:CCRD) by 42.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,308 shares of the company’s stock after acquiring an additional 3,368 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of CoreCard worth $211,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake in CoreCard by 167.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company’s stock valued at $32,000 after acquiring an additional 885 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in CoreCard during the 4th quarter valued at approximately $113,000. Point72 Asia Singapore Pte. Ltd. raised its stake in CoreCard by 53.2% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,349 shares of the company’s stock valued at $190,000 after acquiring an additional 2,901 shares during the last quarter. Lighthouse Investment Partners LLC purchased a new stake in CoreCard during the 4th quarter valued at approximately $215,000. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in CoreCard during the 4th quarter valued at approximately $287,000. 43.90% of the stock is owned by hedge funds and other institutional investors.

CoreCard Stock Down 1.9%

CCRD opened at $27.15 on Wednesday. The business has a 50 day moving average price of $27.96 and a two-hundred day moving average price of $24.20. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.03. The company has a market cap of $211.48 million, a PE ratio of 27.42 and a beta of 0.66. CoreCard Corporation has a 52 week low of $12.12 and a 52 week high of $31.99.

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.