CPI Card Group Inc. (PMTS) Stock Price Down 2.3%
CPI Card Group Inc. (NASDAQ:PMTS)’s share price was down 2.3% during mid-day trading on Friday . The company traded as low as $4.65 and last traded at $4.73, with a volume of 64,314 shares traded. The stock had previously closed at $4.84.
A number of equities analysts have issued reports on PMTS shares. Zacks Investment Research cut CPI Card Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 27th. Goldman Sachs Group Inc. cut CPI Card Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $15.00 to $7.00 in a report on Thursday, May 12th. BMO Capital Markets cut CPI Card Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $16.00 to $6.00 in a report on Thursday, May 12th. Robert W. Baird restated a “hold” rating on shares of CPI Card Group in a report on Monday, May 16th. Finally, Craig Hallum started coverage on CPI Card Group in a report on Monday, June 27th. They set a “buy” rating and a $8.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $9.25.
The stock has a market cap of $266.88 million and a P/E ratio of 22.37. The stock has a 50-day moving average price of $4.77 and a 200 day moving average price of $6.74.
CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by $0.01. The company earned $86.39 million during the quarter, compared to the consensus estimate of $88.22 million. During the same quarter last year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts predict that CPI Card Group Inc. will post $0.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Shareholders of record on Thursday, June 16th were paid a $0.045 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.18 dividend on an annualized basis and a yield of 3.81%.
In other CPI Card Group news, CAO Chris Bakke bought 18,292 shares of CPI Card Group stock in a transaction dated Monday, May 16th. The shares were purchased at an average cost of $4.23 per share, with a total value of $77,375.16. Following the completion of the purchase, the chief accounting officer now owns 18,292 shares of the company’s stock, valued at $77,375.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Doug Pearce bought 8,300 shares of CPI Card Group stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $4.49 per share, for a total transaction of $37,267.00. Following the completion of the purchase, the director now directly owns 5,125 shares of the company’s stock, valued at approximately $23,011.25. 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 shares of CPI Card Group Inc. (NASDAQ:PMTS) during the fourth quarter, according to its most recent disclosure with the SEC. The fund bought 186,980 shares of the company’s stock, valued at approximately $1,993,000. Bank of Montreal Can owned about 0.33% of CPI Card Group at the end of the most recent reporting period.
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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