CPI Card Group Inc. (NASDAQ:PMTS) dropped 1% during trading on Friday . The company traded as low as $4.75 and last traded at $4.78, with a volume of 233,121 shares traded. The stock had previously closed at $4.83.

PMTS has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Robert W. Baird lowered shares of CPI Card Group from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $14.00 to $4.00 in a research note on Thursday, May 12th. CIBC lowered shares of CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, May 12th. BMO Capital Markets lowered shares of CPI Card Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $16.00 to $6.00 in a research note on Thursday, May 12th. Finally, Goldman Sachs Group Inc. lowered shares of CPI Card Group from a “buy” rating to a “neutral” rating and lowered their price target for the company from $15.00 to $7.00 in a research note on Thursday, May 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. CPI Card Group currently has an average rating of “Hold” and an average target price of $9.25.

The firm has a market cap of $268.57 million and a PE ratio of 22.51. The firm has a 50-day moving average of $4.53 and a 200-day moving average of $7.30.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by $0.01. During the same quarter in the previous year, the business earned $0.13 earnings per share. The business had revenue of $86.39 million for the quarter, compared to analysts’ expectations of $88.22 million. The business’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts forecast that CPI Card Group Inc. will post $0.50 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Thursday, June 16th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 3.79%. The ex-dividend date was Tuesday, June 14th.

In other news, CAO Chris Bakke bought 18,292 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were bought at an average cost of $4.23 per share, with a total value of $77,375.16. Following the completion of the purchase, the chief accounting officer now directly owns 18,292 shares in the company, valued at $77,375.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Doug Pearce bought 8,300 shares of the firm’s stock in a transaction that occurred on Monday, June 13th. The stock was purchased at an average cost of $4.49 per share, for a total transaction of $37,267.00. Following the completion of the purchase, the director now owns 5,125 shares of the company’s stock, valued at $23,011.25. The disclosure for this purchase can be found here.

An institutional investor recently bought a new position in CPI Card Group stock. Bank of Montreal Can bought a new stake in CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, Holdings Channel reports. The institutional investor bought 186,980 shares of the company’s stock, valued at approximately $1,993,000. Bank of Montreal Can owned about 0.33% of CPI Card Group at the end of the most recent reporting period.

Cpi Card Group Inc is a United States-based global provider of payment solutions, including card production, card personalization, mobile technologies and fulfillment services. It manufactures secured contactless smart cards and provides Financial Institutions with a range of products, including, contactless smart card using radio-frequency identification (RFID), contactless RFID stickers, Europay, MasterCard and Visa (EMV) cards, MicroSD, contactless physical access cards and contactless FOB.

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