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

A number of brokerages recently weighed in on PMTS. BMO Capital Markets downgraded CPI Card Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $16.00 to $6.00 in a research note on Thursday, May 12th. Robert W. Baird downgraded CPI Card Group from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $14.00 to $4.00 in a research note on Thursday, May 12th. Zacks Investment Research raised CPI Card Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 18th. Craig Hallum began coverage on CPI Card Group in a research note on Monday, June 27th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, CIBC downgraded CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, May 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.25.

The stock has a market cap of $268.57 million and a P/E 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 released its earnings results on Wednesday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.01. During the same quarter in the previous year, the firm earned $0.13 EPS. The company earned $86.39 million during the quarter, compared to analyst estimates of $88.22 million. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that CPI Card Group Inc. will post $0.50 earnings per share for the current fiscal year.

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

In related news, Director Doug Pearce bought 8,300 shares of the company’s stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average price of $4.49 per share, for a total transaction of $37,267.00. Following the completion of the acquisition, the director now owns 5,125 shares of the company’s stock, valued at approximately $23,011.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Chris Bakke bought 18,292 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were bought at an average price of $4.23 per share, for a total transaction of $77,375.16. Following the acquisition, the chief accounting officer now directly owns 18,292 shares of the company’s stock, valued at approximately $77,375.16. 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 acquired a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, Holdings Channel reports. The firm acquired 186,980 shares of the company’s stock, valued at approximately $1,993,000. Bank of Montreal Can owned approximately 0.33% of CPI Card Group as of its most recent filing with the SEC.

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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