Shares of CPI Card Group Inc. (NASDAQ:PMTS) dropped 4.4% on Monday . The company traded as low as $4.76 and last traded at $4.78, with a volume of 124,667 shares. The stock had previously closed at $5.00.

PMTS has been the subject of a number of research reports. Zacks Investment Research lowered shares of CPI Card Group from a “hold” rating to a “sell” rating in a research note 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 objective for the stock 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 objective for the stock 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 objective for the stock from $15.00 to $7.00 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 company’s stock. The company has an average rating of “Hold” and a consensus price target of $9.25.

The company’s 50 day moving average is $4.68 and its 200-day moving average is $7.02. The stock has a market capitalization of $266.88 million and a price-to-earnings ratio of 22.37.

CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.01. The company earned $86.39 million during the quarter, compared to analysts’ expectations of $88.22 million. The company’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. On average, equities research analysts predict that CPI Card Group Inc. will post $0.50 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Thursday, June 16th were given a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend was Tuesday, June 14th.

In other CPI Card Group news, CEO Steve Montross acquired 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The stock was purchased at an average cost of $4.36 per share, with a total value of $109,000.00. Following the transaction, the chief executive officer now owns 1,544,143 shares of the company’s stock, valued at $6,732,463.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Doug Pearce acquired 8,300 shares of the business’s stock in a transaction that occurred on Monday, June 13th. The shares were acquired at an average cost of $4.49 per share, with a total value of $37,267.00. Following the completion of the transaction, the director now directly owns 5,125 shares in the company, valued at approximately $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 acquired a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 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 quarter.

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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