CoreCard’s (CCRD) “Neutral” Rating Reiterated at B. Riley

B. Riley restated their neutral rating on shares of CoreCard (NYSE:CCRD) in a research report sent to investors on Friday,Benzinga reports. B. Riley currently has a $21.00 target price on the stock, up from their prior target price of $16.00.

CoreCard Trading Down 6.4 %

CoreCard stock opened at $21.54 on Friday. The company has a 50 day moving average price of $22.64 and a 200 day moving average price of $18.20. CoreCard has a 52 week low of $10.02 and a 52 week high of $24.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. The firm has a market capitalization of $170.16 million, a price-to-earnings ratio of 32.15 and a beta of 0.50.

CoreCard (NYSE:CCRD) last released its earnings results on Thursday, February 20th. The company reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.17. CoreCard had a net margin of 9.49% and a return on equity of 10.52%. The company had revenue of $14.82 million during the quarter, compared to the consensus estimate of $13.40 million. Research analysts forecast that CoreCard will post 0.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in shares of CoreCard by 167.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company’s stock valued at $32,000 after purchasing an additional 885 shares in the last quarter. Barclays PLC boosted its position in shares of CoreCard by 853.3% during the 3rd quarter. Barclays PLC now owns 5,100 shares of the company’s stock valued at $74,000 after acquiring an additional 4,565 shares in the last quarter. FMR LLC boosted its position in shares of CoreCard by 72.0% during the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock valued at $95,000 after acquiring an additional 2,725 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of CoreCard during the 4th quarter valued at about $113,000. Finally, Russell Investments Group Ltd. boosted its position in shares of CoreCard by 8,257.9% during the 4th quarter. Russell Investments Group Ltd. now owns 7,940 shares of the company’s stock valued at $172,000 after acquiring an additional 7,845 shares in the last quarter. Institutional investors own 43.90% of the company’s stock.

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.