D. E. Shaw & Co. Inc. Buys 19,168 Shares of CoreCard Co. (NYSE:CCRD)

D. E. Shaw & Co. Inc. increased its position in CoreCard Co. (NYSE:CCRD - Free Report) by 169.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,450 shares of the company's stock after acquiring an additional 19,168 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.39% of CoreCard worth $691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Topline Capital Management LLC purchased a new stake in CoreCard in the fourth quarter worth approximately $7,317,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of CoreCard by 160.7% during the 4th 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 in the last quarter. Citadel Advisors LLC grew its holdings 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 acquiring an additional 47,523 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in CoreCard in the fourth quarter worth $416,000. Finally, 683 Capital Management LLC bought a new position in shares of CoreCard in the 4th quarter worth about $349,000. 43.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

CoreCard Stock Performance

NYSE:CCRD traded down $0.63 during mid-day trading on Thursday, reaching $26.33. The company's stock had a trading volume of 21,589 shares, compared to its average volume of 35,641. The firm's fifty day moving average price is $20.78 and its two-hundred day moving average price is $21.34. CoreCard Co. has a 12-month low of $11.57 and a 12-month high of $28.00. The stock has a market cap of $204.99 million, a P/E ratio of 39.29 and a beta of 0.54. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04.

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.