CPI Card Group Inc. (PMTS) Rating Lowered to Market Perform at William Blair
CPI Card Group Inc. (NASDAQ:PMTS) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Thursday.
PMTS has been the topic of several other reports. Craig Hallum raised their target price on CPI Card Group from $8.00 to $9.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Zacks Investment Research lowered shares of CPI Card Group from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. Finally, CIBC lowered shares of CPI Card Group from a “sector perform” rating to a “sector underperform” rating and set a $3.50 price objective for the company. in a report on Thursday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $6.38.
Shares of CPI Card Group (NASDAQ:PMTS) opened at 4.05 on Thursday. CPI Card Group has a one year low of $3.25 and a one year high of $12.00. The firm’s 50-day moving average price is $5.55 and its 200-day moving average price is $5.27. The company has a market capitalization of $223.94 million and a price-to-earnings ratio of 34.91.
CPI Card Group (NASDAQ:PMTS) last posted its earnings results on Wednesday, November 9th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.04. The business earned $81.20 million during the quarter, compared to the consensus estimate of $85.78 million. CPI Card Group had a negative return on equity of 20.57% and a net margin of 2.13%. The firm’s revenue for the quarter was down 24.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.30 earnings per share. Analysts anticipate that CPI Card Group will post $0.25 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 12th. Stockholders of record on Friday, December 16th will be issued a dividend of $0.045 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.18 annualized dividend and a dividend yield of 4.44%. CPI Card Group’s payout ratio is 150.01%.
Several institutional investors have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC acquired a new position in CPI Card Group during the second quarter valued at about $121,000. Penserra Capital Management LLC raised its position in CPI Card Group by 107.5% in the second quarter. Penserra Capital Management LLC now owns 26,904 shares of the company’s stock valued at $135,000 after buying an additional 13,936 shares during the last quarter. Swiss National Bank acquired a new position in CPI Card Group during the second quarter valued at about $137,000. Teachers Advisors Inc. raised its position in 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 during the last quarter. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in CPI Card Group during the third quarter valued at about $213,000. Hedge funds and other institutional investors own 24.53% 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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