Schonfeld Strategic Advisors LLC Takes Position in CoreCard Co. (NYSE:CCRD)

Schonfeld Strategic Advisors LLC bought a new position in shares of CoreCard Co. (NYSE:CCRD - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,631 shares of the company's stock, valued at approximately $287,000. Schonfeld Strategic Advisors LLC owned 0.16% of CoreCard as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Tower Research Capital LLC TRC grew its holdings in CoreCard by 167.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company's stock worth $32,000 after acquiring an additional 885 shares during the period. Geode Capital Management LLC increased its stake in CoreCard by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 59,440 shares of the company's stock worth $1,350,000 after purchasing an additional 1,003 shares in the last quarter. Northern Trust Corp increased its stake in CoreCard by 16.9% in the 4th quarter. Northern Trust Corp now owns 12,904 shares of the company's stock worth $293,000 after purchasing an additional 1,863 shares in the last quarter. Monarch Capital Management Inc. increased its stake in CoreCard by 2.0% in the 4th quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company's stock worth $2,225,000 after purchasing an additional 1,920 shares in the last quarter. Finally, Barclays PLC increased its stake in CoreCard by 853.3% in the 3rd quarter. Barclays PLC now owns 5,100 shares of the company's stock worth $74,000 after purchasing an additional 4,565 shares in the last quarter. 43.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, B. Riley reissued a "neutral" rating and issued a $21.00 price target (up previously from $16.00) on shares of CoreCard in a research note on Friday, February 21st.

CoreCard Trading Down 0.5%

CCRD traded down $0.13 during trading on Friday, reaching $24.51. The company had a trading volume of 17,763 shares, compared to its average volume of 35,759. The firm's 50-day simple moving average is $19.72 and its 200 day simple moving average is $20.81. The company has a market cap of $190.89 million, a price-to-earnings ratio of 36.59 and a beta of 0.54. CoreCard Co. has a 12-month low of $11.57 and a 12-month high of $25.79. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90.

CoreCard (NYSE:CCRD - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.17. CoreCard had a return on equity of 10.52% and a net margin of 9.49%. The firm had revenue of $14.82 million for the quarter, compared to analysts' expectations of $13.40 million. Equities research analysts anticipate that CoreCard Co. will post 0.91 earnings per share for the current year.

About CoreCard

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.