Renaissance Technologies LLC Acquires 26,808 Shares of CPI Card Group Inc. (NASDAQ:PMTS)

Renaissance Technologies LLC lifted its stake in CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 344.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 34,600 shares of the company's stock after acquiring an additional 26,808 shares during the quarter. Renaissance Technologies LLC owned approximately 0.31% of CPI Card Group worth $1,034,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PMTS. Jane Street Group LLC bought a new stake in shares of CPI Card Group during the 3rd quarter worth approximately $305,000. Geode Capital Management LLC raised its position in CPI Card Group by 2.7% during the third quarter. Geode Capital Management LLC now owns 108,629 shares of the company's stock worth $3,024,000 after acquiring an additional 2,828 shares in the last quarter. Ritholtz Wealth Management raised its position in CPI Card Group by 16.9% during the fourth quarter. Ritholtz Wealth Management now owns 18,840 shares of the company's stock worth $563,000 after acquiring an additional 2,723 shares in the last quarter. Barclays PLC lifted its stake in CPI Card Group by 251.2% in the third quarter. Barclays PLC now owns 7,330 shares of the company's stock valued at $205,000 after acquiring an additional 5,243 shares during the last quarter. Finally, 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 valued at $700,000 after acquiring an additional 2,178 shares during the period. Institutional investors own 22.08% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PMTS. B. Riley raised their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Roth Mkm reaffirmed a "buy" rating and issued a $40.00 price objective on shares of CPI Card Group in a research report on Wednesday, March 5th. Finally, DA Davidson boosted their target price on CPI Card Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CPI Card Group currently has a consensus rating of "Buy" and an average price target of $37.25.

CPI Card Group Price Performance

CPI Card Group stock traded down $0.78 during trading hours on Tuesday, hitting $25.34. The company had a trading volume of 51,713 shares, compared to its average volume of 34,127. The firm has a 50-day moving average of $27.23 and a 200 day moving average of $28.70. The firm has a market cap of $285.46 million, a PE ratio of 19.34 and a beta of 1.77. CPI Card Group Inc. has a one year low of $18.01 and a one year high of $35.19.

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.