Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS) traded up 7% during trading on Wednesday . The stock traded as high as $10.50 and last traded at $10.36. 463,215 shares traded hands during mid-day trading, an increase of 564% from the average session volume of 69,769 shares. The stock had previously closed at $9.68.

Several equities research analysts have commented on the company. B. Riley restated a “buy” rating and issued a $12.00 price objective on shares of Points International in a research report on Wednesday, August 9th. Royal Bank Of Canada restated a “buy” rating and issued a $15.00 price objective on shares of Points International in a research report on Friday, August 11th. ValuEngine upgraded Points International from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet upgraded Points International from a “d” rating to a “c-” rating in a research report on Monday, May 15th. Finally, Zacks Investment Research lowered Points International from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $13.00.

The company’s market cap is $151.45 million. The company has a 50 day moving average of $8.53 and a 200-day moving average of $8.52.

Points International (NASDAQ:PCOM) (TSE:PTS) last announced its earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. Points International had a positive return on equity of 7.56% and a negative net margin of 0.53%. The company had revenue of $85.77 million for the quarter, compared to the consensus estimate of $79.84 million. Equities research analysts forecast that Points International, Ltd. will post $0.26 earnings per share for the current year.

Points International announced that its board has authorized a share buyback plan on Wednesday, August 9th that allows the company to repurchase 740,000 outstanding shares. This repurchase authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the stock. New York State Common Retirement Fund boosted its stake in shares of Points International by 47.7% in the second quarter. New York State Common Retirement Fund now owns 18,148 shares of the information services provider’s stock valued at $164,000 after buying an additional 5,858 shares in the last quarter. Clearbridge Investments LLC purchased a new stake in shares of Points International in the first quarter valued at approximately $297,000. Wedge Capital Management L L P NC purchased a new stake in shares of Points International in the first quarter valued at approximately $378,000. Bank of New York Mellon Corp boosted its stake in shares of Points International by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 53,380 shares of the information services provider’s stock valued at $412,000 after buying an additional 3,697 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Points International by 34.5% in the second quarter. Russell Investments Group Ltd. now owns 58,915 shares of the information services provider’s stock valued at $533,000 after buying an additional 15,115 shares in the last quarter. Hedge funds and other institutional investors own 37.36% of the company’s stock.

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About Points International

Points International Ltd. (Points) provides a range of e-commerce and technology services to loyalty program operators using a common infrastructure. These services include a range of white label or private branded e-commerce services (Loyalty Currency Services) that enable the sale of loyalty currencies (such as frequent flyer miles, hotel points and credit card points), both retail and wholesale, and support the loyalty program consumer offerings and their back end operations.

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