CPI Card Group Inc. (NASDAQ:PMTS) Stake Lifted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 703.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,188 shares of the company's stock after buying an additional 15,923 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of CPI Card Group worth $544,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of CPI Card Group by 10.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,412 shares of the company's stock worth $700,000 after acquiring an additional 2,178 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of CPI Card Group by 16.9% in the 4th quarter. Ritholtz Wealth Management now owns 18,840 shares of the company's stock valued at $563,000 after acquiring an additional 2,723 shares during the last quarter. Geode Capital Management LLC raised its position in shares of CPI Card Group by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 108,629 shares of the company's stock valued at $3,024,000 after acquiring an additional 2,828 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in CPI Card Group during the fourth quarter worth $104,000. 22.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. B. Riley increased their target price 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. DA Davidson raised their target price 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. Finally, Roth Mkm reaffirmed a "buy" rating and set a $40.00 target price on shares of CPI Card Group in a report on Wednesday, March 5th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CPI Card Group has a consensus rating of "Buy" and an average target price of $37.25.

CPI Card Group Stock Down 3.0 %

PMTS stock traded down $0.78 during trading on Tuesday, reaching $25.34. 51,713 shares of the company's stock were exchanged, compared to its average volume of 34,127. CPI Card Group Inc. has a 1-year low of $18.01 and a 1-year high of $35.19. The firm has a market cap of $285.46 million, a PE ratio of 19.34 and a beta of 1.77. The company's fifty day moving average price is $27.23 and its 200-day moving average price is $28.70.

About CPI Card Group

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.