CPI Card Group Inc. (NASDAQ:PMTS) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lifted its position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 92.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,273 shares of the company's stock after purchasing an additional 24,618 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.46% of CPI Card Group worth $1,533,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PMTS. Russell Investments Group Ltd. raised 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 purchasing an additional 1,554 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock worth $75,000 after purchasing an additional 776 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of 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 last quarter. IFP Advisors Inc raised its stake in shares of 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 last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of CPI Card Group in the fourth quarter worth about $104,000. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

CPI Card Group Trading Down 1.4%

PMTS traded down $0.29 during trading on Thursday, hitting $19.70. The company's stock had a trading volume of 11,446 shares, compared to its average volume of 35,046. CPI Card Group Inc. has a twelve month low of $18.46 and a twelve month high of $35.19. The business's fifty day simple moving average is $25.61 and its 200 day simple moving average is $28.58. The firm has a market capitalization of $222.18 million, a price-to-earnings ratio of 15.03 and a beta of 1.77.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing the consensus estimate 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 business had revenue of $122.76 million during the quarter, compared to analyst estimates of $120.90 million. As a group, equities research analysts forecast that CPI Card Group Inc. will post 1.63 earnings per share for the current fiscal year.

Insider Buying and Selling at CPI Card Group

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

Analyst Ratings Changes

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

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.