683 Capital Management LLC Makes New $349,000 Investment in CoreCard Co. (NYSE:CCRD)

683 Capital Management LLC purchased a new stake in shares of CoreCard Co. (NYSE:CCRD - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 15,395 shares of the company's stock, valued at approximately $349,000. 683 Capital Management LLC owned 0.19% of CoreCard at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in CoreCard by 167.6% during the fourth 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 last quarter. Geode Capital Management LLC boosted its position 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 in the last quarter. Northern Trust Corp grew its stake in CoreCard by 16.9% in the 4th quarter. Northern Trust Corp now owns 12,904 shares of the company's stock valued at $293,000 after acquiring an additional 1,863 shares during the last quarter. Monarch Capital Management Inc. increased its holdings in CoreCard by 2.0% during the 4th quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company's stock valued at $2,225,000 after acquiring an additional 1,920 shares in the last quarter. Finally, Barclays PLC raised its position in CoreCard by 853.3% during 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 last quarter. Hedge funds and other institutional investors own 43.90% of the company's stock.

Analysts Set New Price Targets

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

CoreCard Stock Down 2.5 %

Shares of NYSE:CCRD opened at $18.98 on Friday. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $147.81 million, a P/E ratio of 28.33 and a beta of 0.49. CoreCard Co. has a 52-week low of $11.54 and a 52-week high of $24.97. The stock's fifty day simple moving average is $19.48 and its 200-day simple moving average is $20.12.

CoreCard (NYSE:CCRD - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.17. The company had revenue of $14.82 million for the quarter, compared to analyst estimates of $13.40 million. CoreCard had a net margin of 9.49% and a return on equity of 10.52%. As a group, equities research analysts forecast that CoreCard Co. will post 0.91 earnings per share for the current fiscal year.

CoreCard 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.

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