Vector Capital Management L.P. Increases Stock Position in CPI Card Group Inc. (NASDAQ:PMTS)

Vector Capital Management L.P. increased its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 38.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 360,318 shares of the company's stock after acquiring an additional 100,000 shares during the quarter. CPI Card Group makes up about 29.4% of Vector Capital Management L.P.'s portfolio, making the stock its 2nd largest position. Vector Capital Management L.P. owned approximately 3.23% of CPI Card Group worth $10,770,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in shares of CPI Card Group by 1,635.8% in the 4th quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company's stock valued at $49,000 after buying an additional 1,554 shares during the period. Wells Fargo & Company MN grew its stake in CPI Card Group by 44.9% in the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company's stock valued at $75,000 after acquiring an additional 776 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of CPI Card Group by 355.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company's stock valued at $80,000 after acquiring an additional 2,080 shares in the last quarter. IFP Advisors Inc raised its position in shares of CPI Card Group by 96.6% during 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 period. Finally, SG Americas Securities LLC bought a new position in shares of CPI Card Group in the 4th quarter worth $104,000. 22.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PMTS shares. B. Riley boosted their price target 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 restated a "buy" rating and issued a $40.00 target price on shares of CPI Card Group in a report on Wednesday, March 5th. Finally, 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 note on Wednesday, March 5th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $37.25.

CPI Card Group Price Performance

Shares of PMTS stock traded down $5.33 on Wednesday, hitting $20.01. The stock had a trading volume of 81,604 shares, compared to its average volume of 34,347. The business has a 50 day moving average of $27.23 and a 200 day moving average of $28.70. CPI Card Group Inc. has a 12-month low of $18.01 and a 12-month high of $35.19. The stock has a market cap of $225.46 million, a price-to-earnings ratio of 14.99 and a beta of 1.77.

CPI Card Group (NASDAQ:PMTS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.16). CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. As a group, research analysts expect that CPI Card Group Inc. will post 1.63 earnings per share for the current fiscal year.

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.