CPI Card Group Inc. (PMTS) Raised to Hold at Zacks Investment Research
CPI Card Group Inc. (NASDAQ:PMTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “
Separately, Craig Hallum assumed coverage on CPI Card Group in a report on Monday, June 27th. They issued a “buy” rating and a $8.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $9.39.
Shares of CPI Card Group (NASDAQ:PMTS) opened at 5.95 on Friday. The firm has a 50-day moving average price of $5.50 and a 200-day moving average price of $5.87. The company has a market cap of $328.67 million and a P/E ratio of 29.17. CPI Card Group has a 1-year low of $3.38 and a 1-year high of $13.50.
CPI Card Group (NASDAQ:PMTS) last announced its quarterly earnings data on Wednesday, August 10th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.01. The firm earned $73.70 million during the quarter, compared to analyst estimates of $69.45 million. CPI Card Group had a net margin of 4.94% and a negative return on equity of 24.89%. CPI Card Group’s revenue was down 22.8% compared to the same quarter last year. On average, equities analysts expect that CPI Card Group will post $0.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 7th. Stockholders of record on Friday, September 16th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 3.03%. CPI Card Group’s payout ratio is 75.00%.
Several hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC bought a new stake in shares of CPI Card Group during the second quarter worth approximately $466,000. Schwab Charles Investment Management Inc. increased its stake in shares of CPI Card Group by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 51,346 shares of the company’s stock worth $258,000 after buying an additional 672 shares during the last quarter. A.R.T. Advisors LLC bought a new stake in shares of CPI Card Group during the second quarter worth approximately $121,000. State Street Corp increased its stake in shares of CPI Card Group by 4.2% in the second quarter. State Street Corp now owns 217,981 shares of the company’s stock worth $1,096,000 after buying an additional 8,865 shares during the last quarter. Finally, Spark Investment Management LLC bought a new stake in shares of CPI Card Group during the second quarter worth approximately $329,000. Hedge funds and other institutional investors own 24.06% of the company’s stock.
CPI Card Group Company Profile
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
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