Goldman Sachs Group Inc. Purchases 12,762 Shares of CoreCard Corporation $CCRD

Key Points

• Goldman Sachs Group Inc. increased its stake in CoreCard Corporation by 45.0%, purchasing an additional 12,762 shares during Q1, now owning a total of 41,117 shares valued at approximately $769,000.
• Other hedge funds, including Northern Trust Corp and Russell Investments Group Ltd., have also increased their positions in CoreCard, contributing to a total of 43.90% of the stock owned by institutional investors and hedge funds.
• CoreCard's stock is currently trading at $26.84 with a market cap of $209.10 million and a one-year price range between $12.12 and $31.99.

Goldman Sachs Group Inc. increased its position in CoreCard Corporation (NYSE:CCRD - Free Report) by 45.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 41,117 shares of the company's stock after purchasing an additional 12,762 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.53% of CoreCard worth $769,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Northern Trust Corp increased its position in CoreCard by 16.9% during the fourth quarter. Northern Trust Corp now owns 12,904 shares of the company's stock worth $293,000 after buying an additional 1,863 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of CoreCard by 42.4% during the 1st quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company's stock worth $211,000 after acquiring an additional 3,368 shares during the period. Millennium Management LLC increased its holdings in shares of CoreCard by 6.1% during the 4th quarter. Millennium Management LLC now owns 61,102 shares of the company's stock worth $1,387,000 after acquiring an additional 3,494 shares during the last quarter. Apis Capital Advisors LLC increased its holdings in shares of CoreCard by 2.8% during the 1st quarter. Apis Capital Advisors LLC now owns 141,000 shares of the company's stock worth $2,638,000 after acquiring an additional 3,872 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in CoreCard by 29.9% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,814 shares of the company's stock valued at $446,000 after acquiring an additional 5,480 shares during the period. 43.90% of the stock is currently owned by institutional investors and hedge funds.

CoreCard Trading Down 1.8%

CCRD stock opened at $26.84 on Wednesday. CoreCard Corporation has a one year low of $12.12 and a one year high of $31.99. The stock has a market cap of $209.10 million, a price-to-earnings ratio of 27.11 and a beta of 0.66. The company has a fifty day moving average price of $27.45 and a two-hundred day moving average price of $24.81. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.96.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.