Intech Investment Management LLC Invests $142,000 in Green Dot Co. (NYSE:GDOT)

Intech Investment Management LLC bought a new position in Green Dot Co. (NYSE:GDOT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,030 shares of the financial services provider’s stock, valued at approximately $142,000.

Other institutional investors have also recently bought and sold shares of the company. SG Capital Management LLC purchased a new stake in shares of Green Dot during the 1st quarter worth about $4,254,000. American Century Companies Inc. grew its stake in Green Dot by 79.0% during the second quarter. American Century Companies Inc. now owns 322,692 shares of the financial services provider’s stock worth $3,049,000 after buying an additional 142,377 shares during the period. BNP Paribas Financial Markets increased its position in shares of Green Dot by 41.4% in the first quarter. BNP Paribas Financial Markets now owns 157,703 shares of the financial services provider’s stock worth $1,471,000 after acquiring an additional 46,179 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Green Dot during the 2nd quarter valued at $685,000. Finally, State Board of Administration of Florida Retirement System boosted its position in Green Dot by 40.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 18,689 shares of the financial services provider’s stock worth $174,000 after purchasing an additional 5,390 shares during the period. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on GDOT. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 price objective on shares of Green Dot in a research note on Monday, July 22nd. Barclays lifted their price objective on shares of Green Dot from $7.00 to $10.00 and gave the company an “underweight” rating in a research note on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Green Dot presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Green Dot Stock Performance

Shares of GDOT opened at $11.67 on Monday. The company has a market cap of $620.96 million, a price-to-earnings ratio of -24.83 and a beta of 0.91. The firm has a fifty day moving average of $10.69 and a 200-day moving average of $9.80. Green Dot Co. has a 1 year low of $7.30 and a 1 year high of $14.10.

Green Dot (NYSE:GDOT) last released its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Green Dot had a positive return on equity of 4.01% and a negative net margin of 3.41%. The company had revenue of $407.10 million for the quarter, compared to analysts’ expectations of $381.87 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Green Dot Co. will post 1 EPS for the current year.

Green Dot Company Profile

Green Dot Corporation, a financial technology and registered bank holding company, provides various financial services to consumers and businesses in the United States. It operates through three segments: Consumer Services, Business to Business Services, and Money Movement Services. The company provides deposit account programs, including consumer and small business checking account products, network-branded reloadable prepaid debit cards and gift cards, and secured credit programs.