CPI Card Group Inc. (NASDAQ:PMTS) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 121.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,680 shares of the company's stock after acquiring an additional 20,677 shares during the quarter. Two Sigma Investments LP owned approximately 0.34% of CPI Card Group worth $1,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC increased its stake in shares of CPI Card Group by 5.2% in the fourth quarter. Barclays PLC now owns 7,712 shares of the company's stock valued at $230,000 after buying an additional 382 shares during the period. BNP Paribas Financial Markets increased its holdings in CPI Card Group by 10.7% in the fourth quarter. BNP Paribas Financial Markets now owns 5,844 shares of the company's stock worth $175,000 after purchasing an additional 563 shares in the last quarter. Wells Fargo & Company MN boosted its stake in CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after acquiring an additional 776 shares in the last quarter. IFP Advisors Inc raised its stake in CPI Card Group by 96.6% during the 4th quarter. IFP Advisors Inc now owns 3,048 shares of the company's stock worth $91,000 after buying an additional 1,498 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of CPI Card Group by 1,635.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock worth $49,000 after purchasing an additional 1,554 shares in the last quarter. Institutional investors and hedge funds own 22.08% of the company's stock.

CPI Card Group Stock Performance

CPI Card Group stock traded up $0.07 during mid-day trading on Friday, reaching $21.79. 24,662 shares of the company were exchanged, compared to its average volume of 37,171. The firm has a market cap of $245.81 million, a P/E ratio of 16.63 and a beta of 1.36. The business has a fifty day moving average of $23.69 and a 200 day moving average of $28.16. CPI Card Group Inc. has a 12-month low of $18.46 and a 12-month high of $35.19.

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

Insider Buying and Selling

In other news, Chairman H Sanford Riley bought 15,000 shares of CPI Card Group stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $21.51 per share, with a total value of $322,650.00. Following the completion of the acquisition, the chairman now directly owns 19,966 shares of the company's stock, valued at $429,468.66. The trade was a 302.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. DA Davidson increased their price objective on shares of CPI Card Group from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. 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. Wall Street Zen lowered CPI Card Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th. Lake Street Capital reduced their price objective on shares of CPI Card Group from $37.00 to $35.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Finally, B. Riley raised their price target on CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $36.75.

CPI Card Group Company 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.