CoreCard Co. (NYSE:CCRD) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in CoreCard Co. (NYSE:CCRD - Free Report) by 25.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 63,721 shares of the company's stock after purchasing an additional 13,087 shares during the quarter. Dimensional Fund Advisors LP owned about 0.81% of CoreCard worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CCRD. Barclays PLC boosted its holdings in CoreCard by 853.3% in the 3rd 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. Connor Clark & Lunn Investment Management Ltd. bought a new position in CoreCard during the 4th quarter worth approximately $416,000. Geode Capital Management LLC increased its holdings 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 valued at $1,350,000 after acquiring an additional 1,003 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of CoreCard during the 4th quarter valued at approximately $220,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in CoreCard by 160.7% during 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. 43.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

CoreCard Stock Up 0.1%

Shares of CoreCard stock opened at $25.92 on Thursday. The stock has a market capitalization of $201.82 million, a price-to-earnings ratio of 38.68 and a beta of 0.54. CoreCard Co. has a twelve month low of $11.57 and a twelve month high of $26.57. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04. The business's 50 day simple moving average is $20.09 and its 200-day simple moving average is $20.95.

CoreCard (NYSE:CCRD - Get Free Report) last posted 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. CoreCard had a return on equity of 10.52% and a net margin of 9.49%. The company had revenue of $14.82 million for the quarter, compared to analysts' expectations of $13.40 million. Equities research analysts forecast that CoreCard Co. will post 0.91 earnings per share for the current 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.