CPI Card Group Inc. (NASDAQ:PMTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “
Separately, Craig Hallum started coverage on CPI Card Group in a report on Monday, June 27th. They set a “buy” rating and a $8.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.39.
CPI Card Group (NASDAQ:PMTS) opened at 5.72 on Wednesday. The company has a 50-day moving average of $5.83 and a 200 day moving average of $5.76. CPI Card Group has a 52 week low of $3.38 and a 52 week high of $12.99. The firm has a market cap of $315.96 million and a P/E ratio of 28.04.
CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $73.70 million for the quarter, compared to analyst estimates of $69.45 million. CPI Card Group had a net margin of 4.94% and a negative return on equity of 24.89%. CPI Card Group’s revenue for the quarter was down 22.8% compared to the same quarter last year. On average, equities analysts predict that CPI Card Group will post $0.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 7th. Investors of record on Friday, September 16th were paid a dividend of $0.045 per share. The ex-dividend date was Wednesday, September 14th. This represents a $0.18 annualized dividend and a yield of 3.15%. CPI Card Group’s dividend payout ratio is currently 75.00%.
A number of hedge funds and other institutional investors have recently made changes to their positions in PMTS. Springbok Capital Management LLC boosted its position in shares of CPI Card Group by 15,375.0% in the first quarter. Springbok Capital Management LLC now owns 61,900 shares of the company’s stock valued at $510,000 after buying an additional 61,500 shares in the last quarter. Bank of Montreal Can bought a new position in CPI Card Group during the second quarter worth $1,299,000. CIBC World Markets Inc. raised its position in CPI Card Group by 300.7% in the first quarter. CIBC World Markets Inc. now owns 49,450 shares of the company’s stock worth $407,000 after buying an additional 37,110 shares during the period. State Street Corp raised its position in CPI Card Group by 39.7% in the first quarter. State Street Corp now owns 209,116 shares of the company’s stock worth $1,722,000 after buying an additional 59,428 shares during the period. Finally, Ameriprise Financial Inc. raised its position in CPI Card Group by 1.9% in the second quarter. Ameriprise Financial Inc. now owns 3,922,807 shares of the company’s stock worth $19,652,000 after buying an additional 74,500 shares during the period. 24.06% of the stock is owned by institutional investors and hedge funds.
CPI Card Group Company Profile
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
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