Citadel Advisors LLC grew its holdings in shares of CoreCard Co. (NYSE:CCRD - Free Report) by 349.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 institutional investors and hedge funds have also recently modified their holdings of the company. Topline Capital Management LLC acquired a new position in CoreCard in the fourth quarter valued at about $7,317,000. Arrowstreet Capital Limited Partnership increased its stake in CoreCard by 160.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 98,841 shares of the company's stock valued at $2,244,000 after purchasing an additional 60,927 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in CoreCard in the fourth quarter valued at approximately $416,000. 683 Capital Management LLC purchased a new position in CoreCard in the fourth quarter valued at approximately $349,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of CoreCard by 25.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 63,721 shares of the company's stock valued at $1,446,000 after acquiring an additional 13,087 shares during the period. Institutional investors and hedge funds own 43.90% of the company's stock.
CoreCard Price Performance
Shares of NYSE:CCRD traded up $0.11 on Friday, reaching $26.41. 24,615 shares of the company were exchanged, compared to its average volume of 35,509. The company has a 50-day moving average of $20.89 and a 200-day moving average of $21.42. 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 firm has a market cap of $205.65 million, a price-to-earnings ratio of 39.42 and a beta of 0.54. CoreCard Co. has a 1-year low of $11.57 and a 1-year high of $28.00.
Wall Street Analysts Forecast Growth
Separately, B. Riley reaffirmed a "neutral" rating and set a $21.00 price target (up from $16.00) on shares of CoreCard in a report on Friday, February 21st.
Check Out Our Latest Report on CCRD
About CoreCard
(
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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