CPI Card Group Inc. (PMTS) Shares Up 3.5%
CPI Card Group Inc. (NASDAQ:PMTS) shares shot up 3.5% on Monday . The company traded as high as $5.20 and last traded at $5.04, with a volume of 284,721 shares. The stock had previously closed at $4.87.
A number of brokerages recently weighed in on PMTS. Zacks Investment Research lowered CPI Card Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 16th. Craig Hallum began coverage on CPI Card Group in a report on Monday, June 27th. They set a “buy” rating and a $8.00 price objective on the stock. Robert W. Baird reaffirmed a “hold” rating on shares of CPI Card Group in a report on Monday, May 16th. Goldman Sachs Group Inc. lowered CPI Card Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $15.00 to $7.00 in a report on Thursday, May 12th. Finally, BMO Capital Markets lowered CPI Card Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $16.00 to $6.00 in a report on Thursday, May 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. CPI Card Group has a consensus rating of “Hold” and a consensus target price of $9.25.
The stock has a market cap of $283.37 million and a P/E ratio of 25.15. The firm’s 50 day moving average is $4.76 and its 200-day moving average is $6.25.
CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company earned $73.70 million during the quarter, compared to analyst estimates of $69.45 million. The business’s quarterly revenue was down 22.8% on a year-over-year basis. On average, equities research analysts forecast that CPI Card Group Inc. will post $0.49 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Wednesday, September 14th.
In other CPI Card Group news, Director Doug Pearce bought 8,300 shares of the business’s stock in a transaction on Monday, June 13th. The shares were purchased at an average price of $4.49 per share, with a total value of $37,267.00. Following the purchase, the director now directly owns 5,125 shares of the company’s stock, valued at $23,011.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Steve Montross bought 25,000 shares of the business’s stock in a transaction on Thursday, June 2nd. The shares were acquired at an average cost of $4.36 per share, for a total transaction of $109,000.00. Following the purchase, the chief executive officer now directly owns 1,544,143 shares in the company, valued at $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 bought a new stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 186,980 shares of the company’s stock, valued at approximately $1,993,000. Bank of Montreal Can owned approximately 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.
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