CPI Card Group Inc. (NASDAQ:PMTS) Stake Raised by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 31.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,688 shares of the company's stock after acquiring an additional 10,870 shares during the period. Dimensional Fund Advisors LP owned approximately 0.41% of CPI Card Group worth $1,366,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Wace LLP grew its stake in shares of CPI Card Group by 112.2% in the fourth quarter. Marshall Wace LLP now owns 82,877 shares of the company's stock valued at $2,477,000 after buying an additional 43,814 shares in the last quarter. Wasatch Advisors LP acquired a new stake in CPI Card Group in the fourth quarter valued at $10,175,000. EAM Investors LLC acquired a new position in CPI Card Group during the 4th quarter worth $895,000. Walleye Capital LLC acquired a new stake in shares of CPI Card Group in the 4th quarter valued at about $913,000. Finally, Barclays PLC increased its holdings in CPI Card Group by 5.2% in the fourth quarter. Barclays PLC now owns 7,712 shares of the company's stock valued at $230,000 after buying an additional 382 shares during the last quarter. 22.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Chairman H Sanford Riley bought 15,000 shares of the business's stock in a transaction dated Friday, May 9th. The shares were bought at an average cost of $21.51 per share, with a total value of $322,650.00. Following the completion of the transaction, the chairman now directly owns 19,966 shares of the company's stock, valued at approximately $429,468.66. This trade represents a 302.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on PMTS shares. B. Riley boosted their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. StockNews.com lowered CPI Card Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. DA Davidson upped their target price on shares of CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Lake Street Capital decreased their price objective on CPI Card Group from $37.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Roth Mkm reiterated a "buy" rating and set a $40.00 price target on shares of CPI Card Group in a research report on Wednesday, March 5th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, CPI Card Group has a consensus rating of "Buy" and an average price target of $36.75.

CPI Card Group Price Performance

CPI Card Group stock opened at $19.98 on Thursday. CPI Card Group Inc. has a 12-month low of $18.46 and a 12-month high of $35.19. The stock has a market capitalization of $225.39 million, a PE ratio of 15.25 and a beta of 1.77. The firm has a 50 day simple moving average of $25.61 and a 200-day simple moving average of $28.58.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). CPI Card Group had a net margin of 3.38% and a negative return on equity of 46.90%. The firm had revenue of $122.76 million during the quarter, compared to analyst estimates of $120.90 million. On average, analysts forecast that CPI Card Group Inc. will post 1.63 earnings per share for the current fiscal year.

About CPI Card Group

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.