Bank of New York Mellon Corp Sells 16,868 Shares of CoreCard Co. (NYSE:CCRD)

Bank of New York Mellon Corp lessened its holdings in shares of CoreCard Co. (NYSE:CCRD) by 36.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,525 shares of the company’s stock after selling 16,868 shares during the quarter. Bank of New York Mellon Corp owned 0.36% of CoreCard worth $431,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of CoreCard by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 455,943 shares of the company’s stock worth $5,038,000 after buying an additional 3,675 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in CoreCard by 31.3% during the first 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 last quarter. Finally, Monarch Capital Management Inc. lifted its holdings in CoreCard by 1.0% during the second 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 last quarter. Institutional investors own 43.90% of the company’s stock.

CoreCard Price Performance

NYSE CCRD opened at $15.29 on Wednesday. The company has a market cap of $124.78 million, a PE ratio of 50.97 and a beta of 0.40. CoreCard Co. has a 52 week low of $10.02 and a 52 week high of $21.93. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $13.42 and its two-hundred day simple moving average is $12.98.

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

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.