Jane Street Group LLC Sells 16,741 Shares of CoreCard Co. (NYSE:CCRD)

Jane Street Group LLC trimmed its holdings in shares of CoreCard Co. (NYSE:CCRD) by 49.6% during the third quarter, Holdings Channel.com reports. The fund owned 17,008 shares of the company’s stock after selling 16,741 shares during the quarter. Jane Street Group LLC’s holdings in CoreCard were worth $247,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. FMR LLC increased its position in CoreCard by 72.0% during the third quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after acquiring an additional 2,725 shares during the period. Cubist Systematic Strategies LLC bought a new position in CoreCard in the 2nd quarter valued at about $160,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of CoreCard in the 2nd quarter valued at approximately $145,000. American Century Companies Inc. raised its position in shares of CoreCard by 3.1% in the 2nd quarter. American Century Companies Inc. now owns 34,920 shares of the company’s stock valued at $509,000 after buying an additional 1,061 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of CoreCard by 46.0% in the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock valued at $83,000 after buying an additional 1,790 shares in the last quarter. 43.90% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

CoreCard Price Performance

Shares of NYSE:CCRD opened at $22.72 on Friday. The firm has a 50 day moving average of $20.90 and a 200-day moving average of $16.03. The stock has a market capitalization of $179.51 million, a PE ratio of 46.37 and a beta of 0.49. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04. CoreCard Co. has a 12 month low of $10.02 and a 12 month high of $24.97.

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.