Barclays PLC Boosts Stock Position in CPI Card Group Inc. (NASDAQ:PMTS)

Barclays PLC grew its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 251.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 7,330 shares of the company’s stock after buying an additional 5,243 shares during the period. Barclays PLC’s holdings in CPI Card Group were worth $205,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PMTS. Vector Capital Management L.P. raised its position in shares of CPI Card Group by 77.7% in the second quarter. Vector Capital Management L.P. now owns 248,737 shares of the company’s stock worth $6,778,000 after buying an additional 108,756 shares in the last quarter. State Street Corp raised its position in shares of CPI Card Group by 9.3% in the third 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. Bank of New York Mellon Corp raised its position in shares of CPI Card Group by 7.6% in the second quarter. Bank of New York Mellon Corp now owns 44,773 shares of the company’s stock worth $1,220,000 after buying an additional 3,158 shares in the last quarter. Marshall Wace LLP raised its position in shares of CPI Card Group by 139.0% in the second quarter. Marshall Wace LLP now owns 39,273 shares of the company’s stock worth $1,070,000 after buying an additional 22,841 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of CPI Card Group by 109.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 26,655 shares of the company’s stock worth $742,000 after buying an additional 13,901 shares in the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS opened at $31.62 on Tuesday. CPI Card Group Inc. has a 1 year low of $15.00 and a 1 year high of $35.19. The company has a market cap of $352.85 million, a PE ratio of 24.14 and a beta of 1.46. The stock’s 50-day moving average is $29.92 and its 200 day moving average is $27.77.

Insiders Place Their Bets

In related news, Director H Sanford Riley purchased 2,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were purchased at an average cost of $32.51 per share, with a total value of $65,020.00. Following the transaction, the director now directly owns 9,500 shares in the company, valued at $308,845. This trade represents a 26.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PMTS. Lake Street Capital increased their price objective on CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. DA Davidson assumed coverage on CPI Card Group in a research report on Friday, November 22nd. They issued a “buy” rating and a $36.00 price objective on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $37.67.

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.