Two Sigma Advisers LP Has $962,000 Stock Holdings in CPI Card Group Inc. (NASDAQ:PMTS)

Two Sigma Advisers LP lifted its position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 87.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,200 shares of the company's stock after purchasing an additional 15,000 shares during the period. Two Sigma Advisers LP owned about 0.29% of CPI Card Group worth $962,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. increased its stake in shares of CPI Card Group by 1,635.8% in the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock worth $49,000 after buying an additional 1,554 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after acquiring an additional 776 shares during the period. Tower Research Capital LLC TRC lifted its holdings in CPI Card Group by 355.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock worth $80,000 after purchasing an additional 2,080 shares during the period. IFP Advisors Inc lifted its holdings in CPI Card Group by 96.6% in the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock worth $91,000 after purchasing an additional 1,498 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in CPI Card Group in the fourth quarter worth about $104,000. 22.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CPI Card Group

In other news, Chairman H Sanford Riley purchased 15,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was purchased at an average cost of $21.51 per share, with a total value of $322,650.00. Following the acquisition, the chairman now directly owns 19,966 shares of the company's stock, valued at approximately $429,468.66. This trade represents a 302.05% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PMTS. DA Davidson upped their price objective on shares of CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Lake Street Capital reduced their price objective on shares of CPI Card Group from $37.00 to $35.00 and set a "buy" rating for the company in a report on Thursday, May 8th. B. Riley upped their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Wall Street Zen downgraded shares of CPI Card Group from a "strong-buy" rating to a "buy" rating in a report on Friday, May 9th. Finally, Roth Mkm reissued a "buy" rating and issued a $40.00 price target on shares of CPI Card Group in a report on Wednesday, March 5th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, CPI Card Group has an average rating of "Buy" and an average target price of $36.75.

CPI Card Group Stock Up 1.4%

Shares of PMTS traded up $0.29 during mid-day trading on Thursday, hitting $21.72. 34,063 shares of the company's stock were exchanged, compared to its average volume of 37,055. CPI Card Group Inc. has a twelve month low of $18.46 and a twelve month high of $35.19. The firm has a fifty day moving average of $23.84 and a two-hundred day moving average of $28.19. The stock has a market cap of $245.02 million, a price-to-earnings ratio of 16.58 and a beta of 1.36.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. The business had revenue of $122.76 million for the quarter, compared to the consensus estimate of $120.90 million. On average, equities analysts predict that CPI Card Group Inc. will post 1.63 earnings per share for the current year.

CPI Card Group Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.