Zacks Investment Research upgraded shares of CPI Card Group Inc. (NASDAQ:PMTS) from a sell rating to a hold rating in a research note issued to investors 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 increased their price target 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 equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $9.39.
CPI Card Group (NASDAQ:PMTS) traded up 0.36% on Wednesday, reaching $5.50. 19,433 shares of the company’s stock traded hands. The stock has a market capitalization of $303.81 million and a PE ratio of 26.96. CPI Card Group has a 52-week low of $3.38 and a 52-week high of $12.58. The firm’s 50-day moving average is $5.84 and its 200 day moving average is $5.74.
CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm earned $73.70 million during the quarter, compared to analyst estimates of $69.45 million. The company’s revenue was down 22.8% on a year-over-year basis. Analysts forecast that CPI Card Group will post $0.49 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 7th. Stockholders of record on Friday, September 16th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date of this dividend was Wednesday, September 14th. CPI Card Group’s payout ratio is 75.00%.
Institutional investors have recently added to or reduced their stakes in the company. Investment Management of Virginia LLC acquired a new position in CPI Card Group during the third quarter worth approximately $839,000. Sterling Capital Management LLC acquired a new position in CPI Card Group during the second quarter worth approximately $466,000. Schwab Charles Investment Management Inc. increased 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 last quarter. A.R.T. Advisors LLC acquired a new position in CPI Card Group during the second quarter worth approximately $121,000. Finally, State Street Corp increased 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 last quarter. 24.06% of the stock is 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.