Connor Clark & Lunn Investment Management Ltd. Takes Position in CoreCard Co. (NYSE:CCRD)

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of CoreCard Co. (NYSE:CCRD) in the fourth quarter, Holdings Channel reports. The institutional investor bought 18,334 shares of the company’s stock, valued at approximately $416,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Monarch Capital Management Inc. boosted its stake in CoreCard by 2.0% in the fourth quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company’s stock worth $2,225,000 after purchasing an additional 1,920 shares in the last quarter. FMR LLC raised its holdings in shares of CoreCard by 72.0% in the third quarter. FMR LLC now owns 6,511 shares of the company’s stock valued at $95,000 after buying an additional 2,725 shares during the last quarter. Finally, Barclays PLC lifted its position in CoreCard by 853.3% during the 3rd quarter. Barclays PLC now owns 5,100 shares of the company’s stock worth $74,000 after buying an additional 4,565 shares in the last quarter. 43.90% of the stock is owned by institutional investors.

CoreCard Stock Performance

CCRD stock opened at $20.60 on Monday. The company has a 50 day moving average price of $21.77 and a 200 day moving average price of $19.17. CoreCard Co. has a fifty-two week low of $10.02 and a fifty-two week high of $24.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 4.90. The stock has a market capitalization of $160.37 million, a PE ratio of 30.74 and a beta of 0.46.

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

Analyst Upgrades and Downgrades

Separately, B. Riley restated a “neutral” rating and issued a $21.00 price objective (up previously from $16.00) on shares of CoreCard in a research report on Friday, February 21st.

CoreCard Company 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.