CoreCard Corporation $CCRD Stake Lifted by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC increased its stake in CoreCard Corporation by 21.6%, now owning approximately 229,786 shares valued at $4.29 million.
• Multiple institutional investors, including Jane Street Group LLC and Goldman Sachs Group Inc., have also significantly raised their holdings in CoreCard during the same quarter.
• CoreCard Corporation's stock is currently priced at $27.13, with a market cap of $211.30 million and a price-to-earnings ratio of 27.40.

Acadian Asset Management LLC lifted its position in shares of CoreCard Corporation (NYSE:CCRD - Free Report) by 21.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 229,786 shares of the company's stock after buying an additional 40,842 shares during the quarter. Acadian Asset Management LLC owned approximately 2.95% of CoreCard worth $4,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CCRD. Northern Trust Corp raised its stake in shares of CoreCard by 16.9% during the 4th quarter. Northern Trust Corp now owns 12,904 shares of the company's stock worth $293,000 after buying an additional 1,863 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of CoreCard by 349.4% during the 4th quarter. Citadel Advisors LLC now owns 61,123 shares of the company's stock worth $1,387,000 after buying an additional 47,523 shares during the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of CoreCard by 169.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 30,450 shares of the company's stock worth $691,000 after buying an additional 19,168 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in CoreCard during the 4th quarter worth about $113,000. Finally, Millennium Management LLC increased its position in CoreCard by 6.1% during the 4th quarter. Millennium Management LLC now owns 61,102 shares of the company's stock worth $1,387,000 after purchasing an additional 3,494 shares in the last quarter. Institutional investors and hedge funds own 43.90% of the company's stock.

CoreCard Trading Down 2.1%

CCRD traded down $0.58 during midday trading on Friday, hitting $27.01. The company's stock had a trading volume of 91,087 shares, compared to its average volume of 50,589. 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 firm has a market cap of $210.41 million, a P/E ratio of 27.28 and a beta of 0.66. The firm has a 50-day moving average price of $27.51 and a two-hundred day moving average price of $24.69. CoreCard Corporation has a 52-week low of $12.12 and a 52-week high of $31.99.

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.