CPI Card Group Inc. (PMTS) Trading 1.7% Higher
Shares of CPI Card Group Inc. (NASDAQ:PMTS) traded up 1.7% on Tuesday . The stock traded as high as $4.75 and last traded at $4.68, with a volume of 81,174 shares changing hands. The stock had previously closed at $4.60.
Several analysts have weighed in on the company. Zacks Investment Research cut CPI Card Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. CIBC cut CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, May 12th. Robert W. Baird cut CPI Card Group from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $14.00 to $4.00 in a research report on Thursday, May 12th. BMO Capital Markets cut 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. Finally, Goldman Sachs Group Inc. cut CPI Card Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $15.00 to $7.00 in a research report on Thursday, May 12th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $9.25.
The company has a 50 day moving average price of $4.77 and a 200 day moving average price of $6.66. The company has a market cap of $260.09 million and a PE ratio of 21.80.
CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Wednesday, May 11th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. The firm had revenue of $86.39 million for the quarter, compared to analyst estimates of $88.22 million. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. Equities analysts predict that CPI Card Group Inc. will post $0.50 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders 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 3.91%. The ex-dividend date of this dividend was Tuesday, June 14th.
In other CPI Card Group news, CAO Chris Bakke acquired 18,292 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were purchased at an average cost of $4.23 per share, for a total transaction of $77,375.16. Following the completion of the purchase, the chief accounting officer now owns 18,292 shares in the company, valued at $77,375.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Doug Pearce acquired 8,300 shares of the company’s stock in a transaction dated 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 purchase, the director now owns 5,125 shares of the company’s stock, valued at approximately $23,011.25. The disclosure for this purchase can be found here.
A hedge fund recently bought a new stake in CPI Card Group stock. Bank of Montreal Can acquired a new position in shares of CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor 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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