CoreCard (NYSE:CCRD) Shares Down 3.1% - Here's What Happened

CoreCard Corporation (NYSE:CCRD - Get Free Report) was down 3.1% during trading on Monday . The company traded as low as $27.93 and last traded at $28.06. Approximately 45,567 shares traded hands during mid-day trading, an increase of 18% from the average daily volume of 38,616 shares. The stock had previously closed at $28.97.

CoreCard Price Performance

The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $27.98 and a 200 day simple moving average of $23.34. The stock has a market cap of $212.65 million, a P/E ratio of 31.74 and a beta of 0.70.

Institutional Investors Weigh In On CoreCard

Institutional investors and hedge funds have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its stake in shares of CoreCard by 160.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 98,841 shares of the company's stock worth $2,244,000 after purchasing an additional 60,927 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in CoreCard during the fourth quarter valued at about $220,000. Geode Capital Management LLC raised its position in CoreCard by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 59,440 shares of the company's stock valued at $1,350,000 after purchasing an additional 1,003 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of CoreCard by 8,257.9% in the fourth quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company's stock worth $172,000 after buying an additional 7,845 shares during the period. Finally, Marshall Wace LLP increased its holdings in CoreCard by 36.4% during the 4th quarter. Marshall Wace LLP now owns 45,810 shares of the company's stock valued at $1,040,000 after purchasing an additional 12,225 shares during the period. 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.