Cubist Systematic Strategies LLC Has $411,000 Holdings in CPI Card Group Inc. $PMTS

Cubist Systematic Strategies LLC grew its stake in CPI Card Group Inc. (NASDAQ:PMTS) by 52.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,078 shares of the company’s stock after acquiring an additional 4,820 shares during the period. Cubist Systematic Strategies LLC owned 0.12% of CPI Card Group worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of PMTS. US Bancorp DE bought a new stake in shares of CPI Card Group during the first quarter worth approximately $33,000. Virtus Investment Advisers Inc. acquired a new position in CPI Card Group during the fourth quarter worth $84,000. Virtus Advisers LLC acquired a new position in CPI Card Group during the first quarter worth $101,000. Russell Investments Group Ltd. lifted its stake in CPI Card Group by 130.4% in the first quarter. Russell Investments Group Ltd. now owns 3,800 shares of the company’s stock valued at $111,000 after acquiring an additional 2,151 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in CPI Card Group by 4,014.4% in the fourth quarter. Deutsche Bank AG now owns 4,279 shares of the company’s stock valued at $128,000 after acquiring an additional 4,175 shares during the last quarter. 22.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PMTS. Lake Street Capital dropped 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 research report on Monday, August 11th. DA Davidson decreased their price target on shares of CPI Card Group from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Wall Street Zen downgraded shares of CPI Card Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 16th. Finally, Zacks Research upgraded shares of CPI Card Group to a “hold” rating in a research report on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.00.

CPI Card Group Stock Performance

Shares of PMTS opened at $14.51 on Thursday. The firm has a market cap of $164.54 million, a price-to-earnings ratio of 12.96 and a beta of 1.46. The firm has a 50 day moving average price of $18.31 and a 200-day moving average price of $22.88. CPI Card Group Inc. has a fifty-two week low of $12.52 and a fifty-two week high of $35.19.

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

Insider Buying and Selling

In related news, Chairman H Sanford Riley acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was acquired at an average cost of $15.75 per share, for a total transaction of $157,500.00. Following the acquisition, the chairman 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 legal filing with the SEC, which is available at this link. Company insiders own 2.80% of the company’s stock.

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.