CPI Card Group Inc. (NASDAQ:PMTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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 began coverage on shares of CPI Card Group in a report on Monday, June 27th. They set a “buy” rating and a $8.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.39.
Shares of CPI Card Group (NASDAQ:PMTS) opened at 6.01 on Wednesday. The company has a market cap of $331.98 million and a P/E ratio of 29.46. The stock’s 50 day moving average is $5.79 and its 200 day moving average is $5.76. CPI Card Group has a 12 month low of $3.38 and a 12 month high of $13.29.
CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $73.70 million for the quarter, compared to analysts’ expectations 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 was down 22.8% compared to the same quarter last year. On average, analysts anticipate that CPI Card Group will post $0.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Friday, September 16th were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend was Wednesday, September 14th. CPI Card Group’s payout ratio is 75.00%.
Large investors have recently made changes to their positions in the company. Commonwealth Equity Services Inc increased its stake in shares of CPI Card Group by 29.3% in the second quarter. Commonwealth Equity Services Inc now owns 99,994 shares of the company’s stock worth $501,000 after buying an additional 22,653 shares during the last quarter. Swiss National Bank purchased a new stake in shares of CPI Card Group during the second quarter worth about $137,000. New Jersey Better Educational Savings Trust purchased a new stake in shares of CPI Card Group during the second quarter worth about $251,000. Thompson Investment Management Inc. purchased a new stake in shares of CPI Card Group during the second quarter worth about $452,000. Finally, California State Teachers Retirement System increased its stake in shares of 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 worth $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.
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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