683 Capital Management LLC Takes $349,000 Position in CoreCard Co. (NYSE:CCRD)

683 Capital Management LLC acquired a new position in shares of CoreCard Co. (NYSE:CCRD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,395 shares of the company's stock, valued at approximately $349,000. 683 Capital Management LLC owned 0.19% of CoreCard as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its stake 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 purchasing an additional 885 shares during the period. Barclays PLC raised its position in CoreCard by 853.3% in the third quarter. Barclays PLC now owns 5,100 shares of the company's stock worth $74,000 after acquiring an additional 4,565 shares during the period. Russell Investments Group Ltd. boosted its stake in CoreCard by 8,257.9% in the fourth quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company's stock valued at $172,000 after acquiring an additional 7,845 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of CoreCard during the 4th quarter valued at approximately $220,000. Finally, Curi RMB Capital LLC purchased a new stake in shares of CoreCard during the 4th quarter worth approximately $259,000. 43.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley reissued a "neutral" rating and issued a $21.00 target price (up from $16.00) on shares of CoreCard in a research report on Friday, February 21st.

CoreCard Stock Performance

CCRD stock traded up $2.43 during midday trading on Thursday, reaching $19.80. 10,576 shares of the company's stock traded hands, compared to its average volume of 23,921. CoreCard Co. has a 52 week low of $11.57 and a 52 week high of $24.97. The company has a 50-day moving average price of $19.34 and a two-hundred day moving average price of $20.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. The firm has a market capitalization of $154.18 million, a PE ratio of 29.55 and a beta of 0.54.

CoreCard (NYSE:CCRD - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.16 by $0.08. CoreCard had a return on equity of 10.52% and a net margin of 9.49%. As a group, equities analysts anticipate that CoreCard Co. will post 0.91 EPS for the current year.

About CoreCard

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.