Two Sigma Advisers LP Purchases 17,300 Shares of CoreCard Co. (NYSE:CCRD)

Two Sigma Advisers LP increased its stake in shares of CoreCard Co. (NYSE:CCRD - Free Report) by 52.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,000 shares of the company's stock after acquiring 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 Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new position in CoreCard in the fourth quarter valued at about $416,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of 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 buying an additional 60,927 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in CoreCard in the 4th quarter valued at approximately $220,000. Geode Capital Management LLC boosted its position 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 worth $1,350,000 after buying an additional 1,003 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in CoreCard by 8,257.9% during the 4th quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company's stock valued at $172,000 after buying an additional 7,845 shares during the last quarter. 43.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

CoreCard Stock Performance

Shares of CCRD traded down $0.16 during trading hours on Wednesday, reaching $26.33. 23,131 shares of the company's stock traded hands, compared to its average volume of 35,536. The business's fifty day simple moving average is $21.31 and its two-hundred day simple moving average is $21.58. 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 firm has a market capitalization of $205.03 million, a price-to-earnings ratio of 39.30 and a beta of 0.54. CoreCard Co. has a twelve month low of $11.57 and a twelve month high of $28.00.

About CoreCard

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.