Topline Capital Management LLC Invests $7.32 Million in CoreCard Co. (NYSE:CCRD)

Topline Capital Management LLC acquired a new stake in CoreCard Co. (NYSE:CCRD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 322,337 shares of the company's stock, valued at approximately $7,317,000. CoreCard accounts for approximately 1.4% of Topline Capital Management LLC's investment portfolio, making the stock its 14th biggest position. Topline Capital Management LLC owned 4.08% of CoreCard as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted 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 valued at $32,000 after purchasing an additional 885 shares during the last quarter. Barclays PLC lifted its position in shares of CoreCard by 853.3% during the third quarter. Barclays PLC now owns 5,100 shares of the company's stock worth $74,000 after acquiring an additional 4,565 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of CoreCard by 8,257.9% in the fourth quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company's stock worth $172,000 after acquiring an additional 7,845 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in shares of CoreCard in the fourth quarter valued at $220,000. Finally, Curi RMB Capital LLC bought a new stake in shares of CoreCard during the 4th quarter valued at $259,000. 43.90% of the stock is currently owned by institutional investors.

CoreCard Price Performance

CCRD traded up $0.06 during trading on Wednesday, reaching $20.00. The stock had a trading volume of 4,215 shares, compared to its average volume of 36,953. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. The business has a 50-day moving average of $19.57 and a 200-day moving average of $20.03. CoreCard Co. has a one year low of $11.49 and a one year high of $24.97. The stock has a market cap of $155.74 million, a PE ratio of 29.85 and a beta of 0.49.

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

Analyst Ratings Changes

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

CoreCard Company Profile

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.