CPI Card Group Inc. (PMTS) Shares Up 5.1%
CPI Card Group Inc. (NASDAQ:PMTS) shot up 5.1% on Tuesday . The company traded as high as $4.75 and last traded at $4.71, with a volume of 192,792 shares trading hands. The stock had previously closed at $4.48.
A number of brokerages have weighed in on PMTS. BMO Capital Markets cut CPI Card Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $16.00 to $6.00 in a research note on Thursday, May 12th. Robert W. Baird cut CPI Card Group from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $14.00 to $4.00 in a research note on Thursday, May 12th. Zacks Investment Research upgraded CPI Card Group from a “sell” rating to a “hold” rating in a research note on Saturday, June 18th. Craig Hallum began coverage on CPI Card Group in a research note on Monday, June 27th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, CIBC cut CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a research note 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. CPI Card Group currently has a consensus rating of “Hold” and an average price target of $9.25.
The company has a market capitalization of $268.57 million and a price-to-earnings ratio of 22.51. The company has a 50 day moving average of $4.55 and a 200-day moving average of $7.22.
CPI Card Group (NASDAQ:PMTS) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.01. The business earned $86.39 million during the quarter, compared to analysts’ expectations of $88.22 million. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. On average, equities analysts forecast that CPI Card Group Inc. will post $0.50 EPS for the current fiscal year.
The firm 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 was Tuesday, June 14th. This represents a $0.18 dividend on an annualized basis and a yield of 4.02%.
In other CPI Card Group news, Director Doug Pearce acquired 8,300 shares of the stock in a transaction on Monday, June 13th. The stock was purchased at an average price of $4.49 per share, for a total transaction of $37,267.00. Following the purchase, the director now directly owns 5,125 shares in the company, valued at $23,011.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Steve Montross acquired 25,000 shares of the stock in a transaction on Thursday, June 2nd. The shares were acquired at an average price of $4.36 per share, with a total value of $109,000.00. Following the purchase, the chief executive officer now owns 1,544,143 shares in the company, valued at $6,732,463.48. 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 bought a new stake in CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 is a United States-based global provider of payment solutions, including card production, card personalization, mobile technologies and fulfillment services. It manufactures secured contactless smart cards and provides Financial Institutions with a range of products, including, contactless smart card using radio-frequency identification (RFID), contactless RFID stickers, Europay, MasterCard and Visa (EMV) cards, MicroSD, contactless physical access cards and contactless FOB.
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.