CPI Card Group Inc. (PMTS) Upgraded to “Hold” by 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 report issued on Wednesday.
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 began coverage on shares of CPI Card Group in a research note on Monday, June 27th. They issued a “buy” rating and a $8.00 target price for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. CPI Card Group has a consensus rating of “Hold” and a consensus price target of $9.39.
Shares of CPI Card Group (NASDAQ:PMTS) opened at 6.01 on Wednesday. CPI Card Group has a one year low of $3.38 and a one year high of $13.29. The firm has a market capitalization of $331.98 million and a P/E ratio of 29.46. The company has a 50-day moving average price of $5.79 and a 200 day moving average price of $5.76.
CPI Card Group (NASDAQ:PMTS) last issued its earnings results on Wednesday, August 10th. The company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. CPI Card Group had a net margin of 4.94% and a negative return on equity of 24.89%. The firm earned $73.70 million during the quarter, compared to the consensus estimate of $69.45 million. The firm’s revenue was down 22.8% compared to the same quarter last year. Analysts expect that CPI Card Group will post $0.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 7th. Shareholders of record on Friday, September 16th were paid a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend was Wednesday, September 14th. CPI Card Group’s payout ratio is presently 75.00%.
Large investors have recently modified their holdings of the company. 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 valued at $258,000 after buying an additional 672 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of CPI Card Group by 18.5% in the second quarter. Teachers Advisors Inc. now owns 33,637 shares of the company’s stock valued at $169,000 after buying an additional 5,251 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of CPI Card Group by 19.0% in the second quarter. California State Teachers Retirement System now owns 44,025 shares of the company’s stock valued at $221,000 after buying an additional 7,031 shares in the last quarter. 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 valued at $1,096,000 after buying an additional 8,865 shares in the last quarter. Finally, BlackRock Investment Management LLC increased its stake in shares of CPI Card Group by 18.5% in the second quarter. BlackRock Investment Management LLC now owns 71,683 shares of the company’s stock valued at $359,000 after buying an additional 11,211 shares in the last quarter. 24.06% of the stock is owned by institutional investors.
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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