Zacks Investment Research upgraded shares of Cardtronics (NASDAQ:CATM) from a hold rating to a buy rating in a report published on Wednesday morning. Zacks Investment Research currently has $38.00 target price on the business services provider’s stock.

According to Zacks, “Cardtronics plc provides ATM services primarily in North America and Europe. The company is at the convergence of retailers, financial institutions, prepaid card programs and the customers they share. Cardtronics, Inc., formerly known as Cardtronics plc, is headquartered in Houston, Texas. “

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Cardtronics from a hold rating to a buy rating in a research note on Saturday, August 25th. ValuEngine upgraded shares of Cardtronics from a hold rating to a buy rating in a research note on Wednesday, August 15th. TheStreet upgraded shares of Cardtronics from a d+ rating to a c- rating in a research note on Monday, August 27th. Finally, Barrington Research reiterated a hold rating on shares of Cardtronics in a research note on Tuesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $29.25.

CATM traded up $0.41 during midday trading on Wednesday, reaching $32.49. 521,508 shares of the company’s stock were exchanged, compared to its average volume of 604,918. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 1.65 and a beta of 1.19. The company has a quick ratio of 0.85, a current ratio of 0.89 and a debt-to-equity ratio of 2.21. Cardtronics has a one year low of $15.80 and a one year high of $39.10.

Cardtronics (NASDAQ:CATM) last announced its quarterly earnings results on Thursday, August 2nd. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.22. The firm had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $324.03 million. Cardtronics had a negative net margin of 11.00% and a positive return on equity of 24.21%. The company’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 earnings per share. Equities research analysts expect that Cardtronics will post 1.6 EPS for the current fiscal year.

In other news, Director Hudson Executive Capital Lp bought 25,200 shares of the business’s stock in a transaction dated Friday, August 10th. The stock was bought at an average price of $29.97 per share, for a total transaction of $755,244.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark Rossi bought 5,000 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was purchased at an average price of $30.25 per share, with a total value of $151,250.00. The disclosure for this purchase can be found here. Insiders own 0.60% of the company’s stock.

Several institutional investors have recently modified their holdings of CATM. Wells Fargo & Company MN increased its holdings in shares of Cardtronics by 78.2% in the first quarter. Wells Fargo & Company MN now owns 320,129 shares of the business services provider’s stock valued at $7,142,000 after purchasing an additional 140,509 shares in the last quarter. Swiss National Bank increased its holdings in shares of Cardtronics by 3.4% in the first quarter. Swiss National Bank now owns 79,400 shares of the business services provider’s stock valued at $1,771,000 after purchasing an additional 2,600 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Cardtronics by 3.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 404,244 shares of the business services provider’s stock valued at $9,019,000 after purchasing an additional 15,243 shares in the last quarter. Aperio Group LLC increased its holdings in shares of Cardtronics by 36.0% in the first quarter. Aperio Group LLC now owns 14,489 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 3,836 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Cardtronics by 3.4% in the first quarter. Northern Trust Corp now owns 592,247 shares of the business services provider’s stock valued at $13,214,000 after purchasing an additional 19,264 shares in the last quarter.

About Cardtronics

Cardtronics plc provides automated consumer financial services through its network of automated teller machines (ATMs) and multi-function financial services kiosks. The company offers cash dispensing and bank balance inquiries; and financial related services to cardholders, as well as ATM management and ATM equipment-related services to large retail merchants, smaller retailers, and operators of facilities, such as shopping malls, airports, and train stations.

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