Two Sigma Advisers LP boosted its position in CoreCard Co. (NYSE:CCRD - Free Report) by 52.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,000 shares of the company's stock after purchasing an additional 17,300 shares during the period. Two Sigma Advisers LP owned about 0.63% of CoreCard worth $1,135,000 as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Two Sigma Investments LP raised its position in shares of CoreCard by 18.5% in the fourth quarter. Two Sigma Investments LP now owns 48,638 shares of the company's stock valued at $1,104,000 after purchasing an additional 7,599 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in CoreCard by 53.2% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 8,349 shares of the company's stock valued at $190,000 after buying an additional 2,901 shares during the last quarter. Millennium Management LLC raised its holdings in CoreCard by 6.1% in the 4th quarter. Millennium Management LLC now owns 61,102 shares of the company's stock valued at $1,387,000 after acquiring an additional 3,494 shares during the period. Lazard Asset Management LLC bought a new position in CoreCard in the 4th quarter valued at about $113,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in CoreCard during the fourth quarter worth approximately $215,000. Institutional investors and hedge funds own 43.90% of the company's stock.
Analyst Ratings Changes
Separately, B. Riley reaffirmed a "neutral" rating and issued a $21.00 target price (up previously from $16.00) on shares of CoreCard in a research report on Friday, February 21st.
Read Our Latest Stock Report on CoreCard
CoreCard Stock Performance
CCRD traded up $0.08 during trading on Wednesday, hitting $26.57. The stock had a trading volume of 2,553 shares, compared to its average volume of 35,465. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 4.90. The company has a 50 day moving average price of $21.15 and a 200-day moving average price of $21.55. CoreCard Co. has a one year low of $11.57 and a one year high of $28.00. The firm has a market cap of $206.86 million, a price-to-earnings ratio of 39.65 and a beta of 0.54.
CoreCard Company Profile
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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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