CPI Card Group Inc. (NASDAQ:PMTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Saturday.
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 objective on shares of CPI Card Group from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $9.39.
CPI Card Group (NASDAQ:PMTS) opened at 6.06 on Friday. CPI Card Group has a 12-month low of $3.38 and a 12-month high of $13.50. The firm has a market capitalization of $334.74 million and a PE ratio of 29.71. The company has a 50-day moving average price of $5.31 and a 200-day moving average price of $5.92.
CPI Card Group (NASDAQ:PMTS) last issued its 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 net margin of 4.94% and a negative return on equity of 24.89%. The company earned $73.70 million during the quarter, compared to analysts’ expectations of $69.45 million. The firm’s revenue was down 22.8% compared to the same quarter last year. On average, analysts predict that CPI Card Group will post $0.49 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 16th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.18 annualized dividend and a yield of 2.97%. CPI Card Group’s payout ratio is currently 75.00%.
A number of hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. boosted its stake in CPI Card Group by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 51,346 shares of the company’s stock valued at $258,000 after buying an additional 672 shares during the last quarter. Teachers Advisors Inc. boosted its stake 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. California State Teachers Retirement System boosted its stake 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. State Street Corp boosted its stake in CPI Card Group by 4.2% in the second quarter. State Street Corp now owns 217,981 shares of the company’s stock valued at $1,096,000 after buying an additional 8,865 shares during the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in CPI Card Group by 18.5% in the second quarter. BlackRock Investment Management LLC now owns 71,683 shares of the company’s stock valued at $359,000 after buying an additional 11,211 shares during the last quarter. 23.67% of the stock is owned by hedge funds and other institutional investors.
CPI Card Group Company Profile
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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