CoreCard (NYSE:CCRD) Trading Up 0.3% – Time to Buy?

CoreCard Co. (NYSE:CCRD)’s share price was up 0.3% on Thursday . The stock traded as high as $19.21 and last traded at $18.65. Approximately 47,924 shares changed hands during trading, an increase of 21% from the average daily volume of 39,693 shares. The stock had previously closed at $18.59.

Wall Street Analyst Weigh In

Separately, B. Riley cut CoreCard from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $19.00 to $15.00 in a report on Thursday, October 3rd.

CoreCard Trading Up 0.3 %

The firm has a market capitalization of $147.34 million, a price-to-earnings ratio of 38.06 and a beta of 0.39. The company has a fifty day moving average price of $14.89 and a two-hundred day moving average price of $13.96. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCRD. Barclays PLC raised its position in shares of CoreCard by 853.3% during the 3rd quarter. Barclays PLC now owns 5,100 shares of the company’s stock valued at $74,000 after buying an additional 4,565 shares during the period. Victory Capital Management Inc. raised its position in shares of CoreCard by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock valued at $83,000 after buying an additional 1,790 shares during the period. FMR LLC raised its position in shares of CoreCard by 72.0% during the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock valued at $95,000 after buying an additional 2,725 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of CoreCard during the 2nd quarter valued at approximately $145,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of CoreCard during the 2nd quarter valued at approximately $160,000. 43.90% of the stock is currently owned by institutional investors and hedge funds.

About CoreCard

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.