American Century Companies Inc. reduced its stake in shares of CoreCard Corporation (NYSE:CCRD – Free Report) by 18.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,086 shares of the company’s stock after selling 4,476 shares during the period. American Century Companies Inc. owned 0.26% of CoreCard worth $376,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its holdings in CoreCard by 167.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company’s stock valued at $32,000 after buying an additional 885 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of CoreCard in the fourth quarter valued at about $113,000. Point72 Asia Singapore Pte. Ltd. grew its position in shares of CoreCard by 53.2% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,349 shares of the company’s stock valued at $190,000 after purchasing an additional 2,901 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in shares of CoreCard in the fourth quarter valued at about $215,000. Finally, Russell Investments Group Ltd. grew its position in shares of CoreCard by 42.4% in the first quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company’s stock valued at $211,000 after purchasing an additional 3,368 shares during the last quarter. 43.90% of the stock is currently owned by institutional investors.
CoreCard Trading Up 0.9%
Shares of NYSE:CCRD opened at $27.30 on Friday. The company has a market cap of $212.67 million, a P/E ratio of 27.58 and a beta of 0.66. The stock’s 50-day moving average is $27.88 and its 200-day moving average is $24.30. CoreCard Corporation has a 52-week low of $12.12 and a 52-week high of $31.99. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.96 and a current ratio of 4.96.
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.
Further Reading
- Five stocks we like better than CoreCard
- Financial Services Stocks Investing
- Spire Global: Tiny Satellites, Big Buy Ratings and Upside
- What Does Downgrade Mean in Investing?
- Energy Fuels: Is This America’s Most Strategic Stock?
- High Flyers: 3 Natural Gas Stocks for March 2022
- Silver and Gold Break Out—3 Names to Ride The Wave
Want to see what other hedge funds are holding CCRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreCard Corporation (NYSE:CCRD – Free Report).
Receive News & Ratings for CoreCard Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreCard and related companies with MarketBeat.com's FREE daily email newsletter.