CPI Card Group Inc. (PMTS) Stock Rating Upgraded by Zacks Investment Research
CPI Card Group Inc. (NASDAQ:PMTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “
Separately, Craig Hallum raised their price target on shares of CPI Card Group from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Monday, August 29th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. CPI Card Group currently has an average rating of “Hold” and an average target price of $9.39.
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Shares of CPI Card Group (NASDAQ:PMTS) opened at 6.01 on Wednesday. The firm has a 50 day moving average of $5.79 and a 200 day moving average of $5.76. CPI Card Group has a one year low of $3.38 and a one year high of $13.29. The stock has a market cap of $331.98 million and a P/E ratio of 29.46.
CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.01. CPI Card Group had a negative return on equity of 24.89% and a net margin of 4.94%. The business earned $73.70 million during the quarter, compared to the consensus estimate of $69.45 million. The business’s quarterly revenue was down 22.8% on a year-over-year basis. On average, equities research analysts predict that CPI Card Group will post $0.49 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 16th were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Wednesday, September 14th. This represents a $0.18 annualized dividend and a yield of 3.00%. CPI Card Group’s payout ratio is 75.00%.
Institutional investors have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC bought a new position in CPI Card Group during the second quarter valued at approximately $121,000. Penserra Capital Management LLC boosted its position in CPI Card Group by 107.5% in the second quarter. Penserra Capital Management LLC now owns 26,904 shares of the company’s stock valued at $135,000 after buying an additional 13,936 shares during the last quarter. Swiss National Bank bought a new position in CPI Card Group during the second quarter valued at approximately $137,000. Teachers Advisors Inc. boosted its position in CPI Card Group by 18.5% in the second quarter. Teachers Advisors Inc. now owns 33,637 shares of the company’s stock valued at $169,000 after buying an additional 5,251 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in CPI Card Group by 19.0% in the second quarter. California State Teachers Retirement System now owns 44,025 shares of the company’s stock valued at $221,000 after buying an additional 7,031 shares during the last quarter. 24.06% of the stock is currently owned by hedge funds and other institutional investors.
About CPI Card Group
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
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