CoreCard Co. (NYSE:CCRD) Stock Position Lowered by Geode Capital Management LLC

Geode Capital Management LLC lessened its stake in CoreCard Co. (NYSE:CCRD) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,437 shares of the company’s stock after selling 634 shares during the quarter. Geode Capital Management LLC’s holdings in CoreCard were worth $849,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CCRD. Barclays PLC increased its stake in CoreCard by 853.3% in 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. increased its stake in CoreCard by 46.0% in 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 increased its stake in CoreCard by 72.0% in 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. acquired a new position in CoreCard in the 2nd quarter valued at approximately $145,000. Finally, Cubist Systematic Strategies LLC acquired a new position in CoreCard in the 2nd quarter valued at approximately $160,000. Institutional investors and hedge funds own 43.90% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley lowered shares of CoreCard from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $19.00 to $15.00 in a research note on Thursday, October 3rd.

CoreCard Stock Performance

Shares of CCRD opened at $22.72 on Friday. The company’s fifty day moving average is $20.90 and its 200-day moving average is $16.03. CoreCard Co. has a 12 month low of $10.02 and a 12 month high of $24.97. The firm has a market cap of $179.51 million, a price-to-earnings ratio of 46.37 and a beta of 0.49. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.04.

CoreCard 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.