Citadel Advisors LLC Buys 47,523 Shares of CoreCard Co. (NYSE:CCRD)

Citadel Advisors LLC grew its holdings in shares of CoreCard Co. (NYSE:CCRD - Free Report) by 349.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,123 shares of the company's stock after purchasing an additional 47,523 shares during the quarter. Citadel Advisors LLC owned approximately 0.77% of CoreCard worth $1,387,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC grew its stake in shares of CoreCard by 167.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company's stock valued at $32,000 after acquiring an additional 885 shares in the last quarter. Russell Investments Group Ltd. grew its stake in 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 purchasing an additional 7,845 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in CoreCard in the fourth quarter valued at approximately $220,000. Curi RMB Capital LLC acquired a new position in CoreCard in the fourth quarter valued at approximately $259,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in CoreCard in the fourth quarter valued at approximately $287,000. Hedge funds and other institutional investors own 43.90% of the company's stock.

CoreCard Price Performance

Shares of NYSE CCRD traded down $0.40 during trading on Friday, hitting $25.90. The company had a trading volume of 11,199 shares, compared to its average volume of 35,546. The company has a market cap of $201.68 million, a P/E ratio of 38.67 and a beta of 0.54. CoreCard Co. has a 52 week low of $11.57 and a 52 week high of $28.00. The business's 50-day moving average is $20.78 and its 200 day moving average is $21.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90.

Analysts Set New Price Targets

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

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.