CPI Card Group Inc. (PMTS) Trading 5.1% Higher
CPI Card Group Inc. (NASDAQ:PMTS) shares traded up 5.1% during trading on Tuesday . The stock traded as high as $4.75 and last traded at $4.71, with a volume of 192,792 shares. The stock had previously closed at $4.48.
Several research analysts have recently commented on the company. Zacks Investment Research lowered CPI Card Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 27th. Goldman Sachs Group Inc. lowered CPI Card Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $15.00 to $7.00 in a research report on Thursday, May 12th. BMO Capital Markets lowered 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 report on Thursday, May 12th. CIBC lowered CPI Card Group from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, May 12th. Finally, Robert W. Baird lowered 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 report on Thursday, May 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $9.25.
The firm’s 50 day moving average is $4.60 and its 200 day moving average is $7.18. The firm has a market cap of $287.80 million and a PE ratio of 24.12.
CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Wednesday, May 11th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.01. During the same period in the previous year, the company earned $0.13 earnings per share. The company earned $86.39 million during the quarter, compared to analyst estimates of $88.22 million. The business’s revenue was up 11.7% compared to the same quarter last year. On average, analysts expect that CPI Card Group Inc. will post $0.50 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Thursday, June 16th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.18 annualized dividend and a dividend yield of 3.56%.
In related news, CAO Chris Bakke acquired 18,292 shares of the stock in a transaction dated Monday, May 16th. The shares were bought at an average cost of $4.23 per share, for a total transaction of $77,375.16. Following the purchase, the chief accounting officer now owns 18,292 shares in the company, valued at approximately $77,375.16. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Doug Pearce acquired 8,300 shares of the stock in a transaction dated Monday, June 13th. The stock was bought 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 owns 5,125 shares in the company, valued at approximately $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 stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 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.
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