Dimensional Fund Advisors LP Sells 1,287 Shares of CoreCard Co. (NYSE:CCRD)

Dimensional Fund Advisors LP reduced its holdings in shares of CoreCard Co. (NYSE:CCRD) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,274 shares of the company’s stock after selling 1,287 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.62% of CoreCard worth $733,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CCRD. Victory Capital Management Inc. boosted its stake in CoreCard by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock valued at $83,000 after purchasing an additional 1,790 shares during the period. American Century Companies Inc. boosted its stake in CoreCard by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock valued at $509,000 after purchasing an additional 1,061 shares during the period. Monarch Capital Management Inc. boosted its stake in CoreCard by 1.0% in the 2nd quarter. Monarch Capital Management Inc. now owns 92,750 shares of the company’s stock valued at $1,353,000 after purchasing an additional 925 shares during the period. Acadian Asset Management LLC boosted its stake in CoreCard by 31.3% in the 1st quarter. Acadian Asset Management LLC now owns 142,431 shares of the company’s stock valued at $1,573,000 after purchasing an additional 33,945 shares during the period. Finally, Investors Asset Management of Georgia Inc. GA ADV boosted its stake in CoreCard by 0.6% in the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 307,771 shares of the company’s stock valued at $4,490,000 after purchasing an additional 1,890 shares during the period. 43.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, B. Riley downgraded CoreCard from a “buy” rating to a “neutral” rating and reduced their price target for the company from $19.00 to $15.00 in a research note on Thursday, October 3rd.

CoreCard Price Performance

Shares of NYSE CCRD opened at $12.93 on Monday. The stock has a market capitalization of $103.70 million, a PE ratio of 68.06 and a beta of 0.41. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.08 and a quick ratio of 5.08. The business has a fifty day moving average price of $13.88 and a two-hundred day moving average price of $13.25. CoreCard Co. has a fifty-two week low of $10.02 and a fifty-two week high of $21.75.

CoreCard (NYSE:CCRD) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The firm had revenue of $13.80 million during the quarter, compared to analysts’ expectations of $12.13 million. CoreCard had a return on equity of 4.87% and a net margin of 3.03%. During the same period in the previous year, the firm earned $0.22 EPS. As a group, equities analysts predict that CoreCard Co. will post 0.48 earnings per share for the current fiscal year.

CoreCard 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.