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 Friday.
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 lifted their target price on shares of CPI Card Group from $8.00 to $9.00 and gave the company a “buy” rating in a report 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 currently has a consensus rating of “Hold” and a consensus target price of $9.39.
CPI Card Group (NASDAQ:PMTS) opened at 6.11 on Friday. The stock has a market capitalization of $337.50 million and a P/E ratio of 29.95. The stock has a 50 day moving average of $5.58 and a 200 day moving average of $5.81. CPI Card Group has a 1-year low of $3.38 and a 1-year high of $13.50.
CPI Card Group (NASDAQ:PMTS) last announced its earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. The business earned $73.70 million during the quarter, compared to analyst estimates of $69.45 million. CPI Card Group had a net margin of 4.94% and a negative return on equity of 24.89%. The firm’s revenue for the quarter was down 22.8% on a year-over-year basis. On average, analysts expect that CPI Card Group will post $0.49 earnings per share for the current year.
The company also recently disclosed 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 2.95%. CPI Card Group’s dividend payout ratio is currently 75.00%.
A number of institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC purchased a new position in shares of CPI Card Group during the second quarter valued at about $466,000. Schwab Charles Investment Management Inc. boosted its position 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 worth $258,000 after buying an additional 672 shares during the period. A.R.T. Advisors LLC bought a new position in CPI Card Group during the second quarter worth $121,000. State Street Corp boosted its position in CPI Card Group by 4.2% in the second quarter. State Street Corp now owns 217,981 shares of the company’s stock worth $1,096,000 after buying an additional 8,865 shares during the period. Finally, Spark Investment Management LLC bought a new position in CPI Card Group during the second quarter worth $329,000. 24.06% of the stock is currently owned by 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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