CPI Card Group Inc. (PMTS) Raised to “Hold” at Zacks Investment Research
According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “
Separately, Craig Hallum raised their target price on CPI Card Group from $8.00 to $9.00 and gave the company a buy rating in a research report on Monday, August 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $9.39.
CPI Card Group (NASDAQ:PMTS) opened at 6.06 on Friday. CPI Card Group has a 1-year low of $3.38 and a 1-year high of $13.50. The stock’s 50 day moving average price is $5.61 and its 200-day moving average price is $5.80. The company has a market cap of $334.74 million and a PE ratio of 29.71.
CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. CPI Card Group had a net margin of 4.94% and a negative return on equity of 24.89%. The business had revenue of $73.70 million for the quarter, compared to analyst estimates of $69.45 million. The business’s revenue was down 22.8% on a year-over-year basis. On average, analysts forecast that CPI Card Group will post $0.49 earnings per share for the current 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 $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Wednesday, September 14th. CPI Card Group’s dividend payout ratio (DPR) is 75.00%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services Inc raised its position in CPI Card Group by 54.8% in the first quarter. Commonwealth Equity Services Inc now owns 77,341 shares of the company’s stock worth $637,000 after buying an additional 27,370 shares during the period. CIBC World Markets Inc. raised its position in CPI Card Group by 300.7% in the first quarter. CIBC World Markets Inc. now owns 49,450 shares of the company’s stock worth $407,000 after buying an additional 37,110 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in CPI Card Group by 35.7% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 135,700 shares of the company’s stock worth $1,118,000 after buying an additional 35,690 shares during the period. State Street Corp raised its position in CPI Card Group by 39.7% in the first quarter. State Street Corp now owns 209,116 shares of the company’s stock worth $1,722,000 after buying an additional 59,428 shares during the period. Finally, Geode Capital Management LLC raised its position in CPI Card Group by 20.0% in the first quarter. Geode Capital Management LLC now owns 137,209 shares of the company’s stock worth $1,130,000 after buying an additional 22,870 shares during the period. 24.06% of the stock is currently owned by institutional investors and hedge funds.
About CPI Card Group
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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