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

CoreCard logo with Business Services background

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

CoreCard Stock Up 3.4%

The stock has a market capitalization of $217.41 million, a P/E ratio of 32.47 and a beta of 0.70. The firm has a 50 day moving average of $27.65 and a 200-day moving average of $23.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.96.

Institutional Trading of CoreCard

A number of large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of CoreCard by 160.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 98,841 shares of the company's stock worth $2,244,000 after buying an additional 60,927 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in CoreCard during the fourth quarter worth approximately $220,000. Geode Capital Management LLC lifted 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 worth $1,350,000 after acquiring an additional 1,003 shares during the last quarter. Russell Investments Group Ltd. lifted its position in CoreCard by 8,257.9% during the fourth quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company's stock worth $172,000 after acquiring an additional 7,845 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in shares of CoreCard by 36.4% during the fourth quarter. Marshall Wace LLP now owns 45,810 shares of the company's stock worth $1,040,000 after purchasing an additional 12,225 shares during the period. Institutional investors own 43.90% of the company's stock.

About CoreCard

(Get Free Report)

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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