Barclays PLC Boosts Stock Position in CoreCard Co. (NYSE:CCRD)

Barclays PLC increased its position in shares of CoreCard Co. (NYSE:CCRD) by 853.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,100 shares of the company’s stock after acquiring an additional 4,565 shares during the period. Barclays PLC’s holdings in CoreCard were worth $74,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Cubist Systematic Strategies LLC bought a new position in CoreCard in the 2nd quarter worth about $160,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of CoreCard during the second quarter worth about $145,000. FMR LLC increased its position in shares of CoreCard by 72.0% in the third quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after purchasing an additional 2,725 shares during the last quarter. Victory Capital Management Inc. raised its stake in CoreCard by 46.0% in the second 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 in the last quarter. Finally, American Century Companies Inc. lifted its position in CoreCard by 3.1% during the second 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 last quarter. Hedge funds and other institutional investors own 43.90% of the company’s stock.

CoreCard Trading Down 0.3 %

NYSE CCRD opened at $23.63 on Friday. The firm has a market cap of $186.70 million, a PE ratio of 48.22 and a beta of 0.49. CoreCard Co. has a 1-year low of $10.02 and a 1-year high of $24.97. The stock has a 50-day moving average of $20.76 and a 200-day moving average of $15.98. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04.

Analyst Ratings Changes

Separately, B. Riley downgraded shares of CoreCard from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $19.00 to $15.00 in a report on Thursday, October 3rd.

About CoreCard

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.