CPI Card Group Inc. (PMTS) Trading Down 2.3%
CPI Card Group Inc. (NASDAQ:PMTS) shares fell 2.3% during trading on Friday . The company traded as low as $4.65 and last traded at $4.73, with a volume of 64,314 shares trading hands. The stock had previously closed at $4.84.
A number of brokerages have commented on PMTS. Zacks Investment Research downgraded CPI Card Group from a “hold” rating to a “sell” rating in a research note on Wednesday, April 27th. CIBC downgraded CPI Card Group from a “sector outperform” rating to a “sector perform” rating 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 target for the stock from $14.00 to $4.00 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 reduced their price target for the stock 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 reduced their price target for the stock from $15.00 to $7.00 in a research report on Thursday, May 12th. Five investment analysts have rated the stock with 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 price target of $9.25.
The firm has a market capitalization of $266.88 million and a price-to-earnings ratio of 22.37. The firm has a 50-day moving average of $4.77 and a 200-day moving average of $6.74.
CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Wednesday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. During the same period in the prior year, the business earned $0.13 EPS. The company had revenue of $86.39 million for 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. Equities analysts forecast that CPI Card Group Inc. will post $0.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Thursday, June 16th were paid a $0.045 dividend. The ex-dividend date of this dividend was Tuesday, June 14th. This represents a $0.18 annualized dividend and a yield of 3.81%.
In other news, CEO Steve Montross bought 25,000 shares of the business’s stock in a transaction that occurred on Thursday, June 2nd. The stock was 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 owns 1,544,143 shares of the company’s stock, valued at approximately $6,732,463.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Chris Bakke bought 18,292 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was purchased at an average price of $4.23 per share, with a total value of $77,375.16. Following the completion of the purchase, the chief accounting officer now directly owns 18,292 shares in the company, valued at approximately $77,375.16. 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 position in shares of CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.
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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