State Street Corp Has $315,000 Stock Position in CoreCard Co. (NYSE:CCRD)

State Street Corp reduced its stake in shares of CoreCard Co. (NYSE:CCRD) by 11.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 21,682 shares of the company’s stock after selling 2,900 shares during the quarter. State Street Corp’s holdings in CoreCard were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of CCRD. Victory Capital Management Inc. raised its position in shares of CoreCard by 46.0% during the second 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 last quarter. FMR LLC grew its position in CoreCard by 72.0% during the third quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after buying an additional 2,725 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in CoreCard during the second quarter valued at about $145,000. Cubist Systematic Strategies LLC acquired a new position in CoreCard in the 2nd quarter valued at approximately $160,000. Finally, American Century Companies Inc. lifted its position in shares of CoreCard by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock worth $509,000 after acquiring an additional 1,061 shares during the period. 43.90% of the stock is owned by institutional investors.

CoreCard Price Performance

Shares of CoreCard stock opened at $24.35 on Friday. The firm has a market cap of $192.39 million, a P/E ratio of 49.69 and a beta of 0.51. The firm’s 50-day simple moving average is $19.79 and its 200-day simple moving average is $15.64. CoreCard Co. has a twelve month low of $10.02 and a twelve month high of $24.35. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90.

Analyst Ratings Changes

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

CoreCard Company Profile

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.