CoreCard (NYSE:CCRD) Trading 1.4% Higher – Still a Buy?

CoreCard Co. (NYSE:CCRD)’s stock price traded up 1.4% during mid-day trading on Monday . The company traded as high as $19.90 and last traded at $19.74. 9,826 shares changed hands during trading, a decline of 75% from the average session volume of 38,845 shares. The stock had previously closed at $19.46.

Analyst Ratings Changes

Separately, B. Riley restated a “neutral” rating and set a $21.00 price target (up previously from $16.00) on shares of CoreCard in a report on Friday, February 21st.

CoreCard Stock Performance

The company has a market cap of $153.79 million, a PE ratio of 29.48 and a beta of 0.46. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $21.95 and a 200-day moving average of $19.04.

CoreCard (NYSE:CCRD) last posted its earnings results on Thursday, February 20th. The company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.17. CoreCard had a return on equity of 10.52% and a net margin of 9.49%. The firm had revenue of $14.82 million for the quarter, compared to the consensus estimate of $13.40 million. Equities research analysts anticipate that CoreCard Co. will post 0.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its holdings in shares of CoreCard by 167.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company’s stock worth $32,000 after acquiring an additional 885 shares during the period. Geode Capital Management LLC grew its stake in shares of CoreCard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 59,440 shares of the company’s stock worth $1,350,000 after buying an additional 1,003 shares during the last quarter. Northern Trust Corp grew its stake in shares of CoreCard by 16.9% in the 4th quarter. Northern Trust Corp now owns 12,904 shares of the company’s stock worth $293,000 after buying an additional 1,863 shares during the last quarter. Monarch Capital Management Inc. grew its stake in shares of CoreCard by 2.0% in the 4th quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company’s stock worth $2,225,000 after buying an additional 1,920 shares during the last quarter. Finally, FMR LLC grew its stake in shares of CoreCard by 72.0% in the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after buying an additional 2,725 shares during the last quarter. Hedge funds and other institutional investors own 43.90% of the company’s stock.

CoreCard Company Profile

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.