CoreCard Corporation $CCRD Shares Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. raised its position in CoreCard Corporation (NYSE:CCRD) by 50.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 35,871 shares of the company’s stock after buying an additional 12,057 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in CoreCard were worth $1,039,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CCRD. D.A. Davidson & CO. acquired a new stake in shares of CoreCard in the second quarter worth approximately $306,000. Russell Investments Group Ltd. grew its holdings in shares of CoreCard by 42.4% during the first quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company’s stock worth $211,000 after buying an additional 3,368 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in shares of CoreCard in the second quarter valued at about $390,000. Jane Street Group LLC lifted its stake in shares of CoreCard by 60.3% in the first quarter. Jane Street Group LLC now owns 24,884 shares of the company’s stock worth $466,000 after buying an additional 9,359 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of CoreCard in the first quarter worth about $481,000. Institutional investors and hedge funds own 43.90% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of CoreCard in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.00.

CoreCard Price Performance

CoreCard stock opened at $23.60 on Tuesday. The company has a current ratio of 4.96, a quick ratio of 4.96 and a debt-to-equity ratio of 0.03. The company has a 50-day moving average price of $25.96 and a 200 day moving average price of $26.65. CoreCard Corporation has a 12-month low of $14.60 and a 12-month high of $31.99. The stock has a market cap of $183.89 million, a P/E ratio of 23.84 and a beta of 0.68.

CoreCard 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.