CPI Card Group Inc. (PMTS) Trading Up 1.7%
CPI Card Group Inc. (NASDAQ:PMTS) was up 1.7% during trading on Tuesday . The company traded as high as $4.75 and last traded at $4.68, with a volume of 81,174 shares. The stock had previously closed at $4.60.
A number of equities research analysts have recently commented on PMTS shares. Zacks Investment Research cut CPI Card Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. Robert W. Baird cut CPI Card Group from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $14.00 to $4.00 in a research note on Thursday, May 12th. CIBC cut CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, May 12th. BMO Capital Markets cut CPI Card Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $16.00 to $6.00 in a research note on Thursday, May 12th. Finally, Goldman Sachs Group Inc. cut CPI Card Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $15.00 to $7.00 in a research note on Thursday, May 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. CPI Card Group has a consensus rating of “Hold” and a consensus target price of $9.25.
The firm’s 50 day moving average is $4.77 and its 200 day moving average is $6.61. The company has a market cap of $260.09 million and a PE ratio of 21.80.
CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings results on Wednesday, May 11th. The company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. During the same quarter in the previous year, the business earned $0.13 EPS. The company had revenue of $86.39 million for 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 analysts predict that CPI Card Group Inc. will post $0.50 EPS for the current year.
The company also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.18 dividend on an annualized basis and a yield of 3.91%.
In other news, CEO Steve Montross acquired 25,000 shares of CPI Card Group stock in a transaction on Thursday, June 2nd. The shares were purchased at an average cost of $4.36 per share, for a total transaction of $109,000.00. Following the completion of the purchase, the chief executive officer now directly owns 1,544,143 shares of the company’s stock, valued at approximately $6,732,463.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Doug Pearce acquired 8,300 shares of CPI Card Group stock in a transaction on Monday, June 13th. The shares were purchased 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 directly 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 acquired a new position in CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 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 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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