IFP Advisors Inc Has $103,000 Stake in CPI Card Group Inc. $PMTS

IFP Advisors Inc grew its holdings in CPI Card Group Inc. (NASDAQ:PMTS) by 52.5% during the second quarter, Holdings Channel.com reports. The firm owned 4,342 shares of the company’s stock after buying an additional 1,494 shares during the period. IFP Advisors Inc’s holdings in CPI Card Group were worth $103,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new position in shares of CPI Card Group in the 2nd quarter valued at about $347,000. Rhumbline Advisers increased its holdings in CPI Card Group by 7.3% in the first quarter. Rhumbline Advisers now owns 6,948 shares of the company’s stock worth $203,000 after buying an additional 474 shares during the last quarter. Acadian Asset Management LLC acquired a new position in CPI Card Group in the first quarter worth approximately $248,000. Jane Street Group LLC acquired a new position in CPI Card Group in the first quarter worth approximately $223,000. Finally, Cubist Systematic Strategies LLC increased its holdings in CPI Card Group by 52.1% in the first quarter. Cubist Systematic Strategies LLC now owns 14,078 shares of the company’s stock worth $411,000 after buying an additional 4,820 shares during the last quarter. Institutional investors and hedge funds own 22.08% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on PMTS shares. Lake Street Capital dropped their price objective on CPI Card Group from $35.00 to $30.00 and set a “buy” rating on the stock in a report on Monday, August 11th. Zacks Research upgraded CPI Card Group to a “hold” rating in a report on Monday, August 11th. Weiss Ratings downgraded CPI Card Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, October 8th. Wall Street Zen downgraded CPI Card Group from a “buy” rating to a “hold” rating in a report on Saturday, August 16th. Finally, DA Davidson dropped their price objective on CPI Card Group from $38.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, August 12th. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

CPI Card Group Stock Down 1.2%

Shares of PMTS stock opened at $15.09 on Monday. CPI Card Group Inc. has a 12 month low of $12.52 and a 12 month high of $35.19. The business’s 50 day moving average is $15.26 and its two-hundred day moving average is $20.09. The company has a market cap of $171.12 million, a PE ratio of 13.47 and a beta of 1.38.

CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings results on Friday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.52). CPI Card Group had a net margin of 2.66% and a negative return on equity of 58.00%. The company had revenue of $129.75 million for the quarter, compared to analyst estimates of $132.96 million. As a group, equities analysts expect that CPI Card Group Inc. will post 1.63 EPS for the current fiscal year.

Insider Activity

In related news, Chairman H Sanford Riley acquired 10,000 shares of the stock in a transaction dated Tuesday, August 12th. The shares were acquired at an average price of $15.75 per share, for a total transaction of $157,500.00. Following the completion of the purchase, the chairman owned 31,033 shares in the company, valued at approximately $488,769.75. The trade was a 47.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

CPI Card Group Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.