10,568 Shares in CoreCard Corporation $CCRD Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. purchased a new position in CoreCard Corporation (NYSE:CCRD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,568 shares of the company’s stock, valued at approximately $306,000. D.A. Davidson & CO. owned approximately 0.14% of CoreCard at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in CoreCard by 42.4% in the first quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company’s stock worth $211,000 after acquiring an additional 3,368 shares in the last quarter. Ritholtz Wealth Management purchased a new position in CoreCard in the second quarter worth about $390,000. Connor Clark & Lunn Investment Management Ltd. grew its position in CoreCard by 29.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,814 shares of the company’s stock worth $446,000 after acquiring an additional 5,480 shares in the last quarter. Jane Street Group LLC grew its position in CoreCard by 60.3% in the first quarter. Jane Street Group LLC now owns 24,884 shares of the company’s stock worth $466,000 after acquiring an additional 9,359 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new position in CoreCard in the first quarter worth about $481,000. Hedge funds and other institutional investors own 43.90% of the company’s stock.

CoreCard Stock Down 2.4%

Shares of NYSE CCRD opened at $23.73 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.96. The company has a market cap of $184.89 million, a P/E ratio of 23.97 and a beta of 0.68. CoreCard Corporation has a 1 year low of $14.60 and a 1 year high of $31.99. The firm has a 50-day simple moving average of $26.91 and a two-hundred day simple moving average of $26.19.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of CoreCard in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, CoreCard presently has an average rating of “Hold” and an average price target of $21.00.

CoreCard 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.