CPI Card Group Inc. (NASDAQ:PMTS) Shares Purchased by Vector Capital Management L.P.

Vector Capital Management L.P. increased its position in shares of CPI Card Group Inc. (NASDAQ:PMTS - Free Report) by 38.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,318 shares of the company's stock after purchasing an additional 100,000 shares during the quarter. CPI Card Group accounts for approximately 29.4% of Vector Capital Management L.P.'s investment portfolio, making the stock its 2nd largest position. Vector Capital Management L.P. owned 3.23% of CPI Card Group worth $10,770,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. State Street Corp raised its holdings in shares of CPI Card Group by 9.3% during the 3rd quarter. State Street Corp now owns 73,150 shares of the company's stock worth $2,036,000 after buying an additional 6,214 shares in the last quarter. Jane Street Group LLC acquired a new position in CPI Card Group during the third quarter worth about $305,000. Barclays PLC lifted its holdings in shares of CPI Card Group by 251.2% in the third quarter. Barclays PLC now owns 7,330 shares of the company's stock worth $205,000 after acquiring an additional 5,243 shares during the last quarter. Geode Capital Management LLC grew its holdings 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 purchasing an additional 2,828 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in CPI Card Group by 16.9% during the 4th quarter. Ritholtz Wealth Management now owns 18,840 shares of the company's stock worth $563,000 after purchasing an additional 2,723 shares in the last quarter. Institutional investors and hedge funds own 22.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PMTS. B. Riley boosted their target price on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Roth Mkm reiterated a "buy" rating and issued a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. Finally, DA Davidson boosted their price target 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 investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average price target of $37.25.

CPI Card Group Stock Performance

Shares of PMTS stock traded down $0.78 on Tuesday, hitting $25.34. The company had a trading volume of 51,713 shares, compared to its average volume of 34,128. The stock's 50-day moving average is $27.38 and its two-hundred day moving average is $28.72. The firm has a market cap of $285.46 million, a P/E ratio of 19.34 and a beta of 1.77. CPI Card Group Inc. has a twelve month low of $17.46 and a twelve month 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.