CPI Card Group Inc. (PMTS) Trading Up 3.5%
CPI Card Group Inc. (NASDAQ:PMTS)’s share price was up 3.5% during mid-day trading on Monday . The stock traded as high as $5.20 and last traded at $5.04, with a volume of 284,721 shares changing hands. The stock had previously closed at $4.87.
Several equities analysts recently issued reports on PMTS shares. Zacks Investment Research cut CPI Card Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Robert W. Baird cut CPI Card Group from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $14.00 to $4.00 in a research report on Thursday, May 12th. CIBC cut CPI Card Group from a “sector outperform” rating to a “sector perform” rating 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 company 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 company from $15.00 to $7.00 in a research report on Thursday, May 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $9.25.
The firm has a market cap of $276.19 million and a P/E ratio of 24.51. The stock has a 50-day moving average of $4.74 and a 200-day moving average of $6.32.
CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by $0.01. The firm had revenue of $73.70 million for the quarter, compared to analyst estimates of $69.45 million. The company’s revenue was down 22.8% on a year-over-year basis. On average, equities analysts forecast that CPI Card Group Inc. will post $0.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.18 annualized dividend and a dividend yield of 3.70%.
In related news, Director Doug Pearce purchased 8,300 shares of CPI Card Group stock in a transaction dated Monday, June 13th. The shares were acquired at an average price of $4.49 per share, with a total value of $37,267.00. Following the completion of the transaction, the director now owns 5,125 shares of the company’s stock, valued at approximately $23,011.25. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Steve Montross purchased 25,000 shares of CPI Card Group stock in a transaction dated Thursday, June 2nd. The shares were bought at an average cost of $4.36 per share, for a total transaction of $109,000.00. Following the transaction, the chief executive officer now directly owns 1,544,143 shares of the company’s stock, valued at approximately $6,732,463.48. 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 purchased a new stake in CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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 as of its most recent SEC filing.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.