CPI Card Group Inc. (PMTS) Trading 3.8% Higher
CPI Card Group Inc. (NASDAQ:PMTS) shares traded up 3.8% during trading on Tuesday . The stock traded as high as $4.95 and last traded at $4.92, with a volume of 141,828 shares traded. The stock had previously closed at $4.74.
Several research analysts recently commented on the company. Zacks Investment Research upgraded CPI Card Group from a “sell” rating to a “hold” rating in a research report on Wednesday, July 13th. BMO Capital Markets lowered CPI Card Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $16.00 to $6.00 in a research report on Thursday, May 12th. Robert W. Baird reiterated a “hold” rating on shares of CPI Card Group in a research report on Monday, May 16th. CIBC lowered CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, May 12th. Finally, Craig Hallum assumed coverage on CPI Card Group in a research report on Monday, June 27th. They issued a “buy” rating and a $8.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. CPI Card Group currently has an average rating of “Hold” and an average target price of $9.25.
The stock’s 50-day moving average is $4.74 and its 200 day moving average is $6.84. The firm has a market capitalization of $270.84 million and a price-to-earnings ratio of 22.70.
CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Wednesday, May 11th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. During the same quarter last year, the business earned $0.13 earnings per share. The business had revenue of $86.39 million for the quarter, compared to the consensus estimate of $88.22 million. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Equities research analysts forecast that CPI Card Group Inc. will post $0.50 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Thursday, June 16th were issued a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.76%.
In other CPI Card Group news, CEO Steve Montross bought 25,000 shares of the company’s stock in a transaction on Thursday, June 2nd. The shares were bought at an average cost of $4.36 per share, with a total value of $109,000.00. Following the completion of the acquisition, the chief executive officer now owns 1,544,143 shares of the company’s stock, valued at $6,732,463.48. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Chris Bakke bought 18,292 shares of the company’s stock in a transaction on Monday, May 16th. The shares were acquired at an average cost of $4.23 per share, for a total transaction of $77,375.16. Following the completion of 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 bought a new position in CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 186,980 shares of the company’s stock, valued at approximately $1,993,000. Bank of Montreal Can owned 0.33% of CPI Card Group at the end of the most recent reporting period.
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.