Wells Fargo & Company MN Raises Stock Holdings in CPI Card Group Inc. (NASDAQ:PMTS)

Wells Fargo & Company MN raised its position in CPI Card Group Inc. (NASDAQ:PMTS) by 44.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,503 shares of the company’s stock after purchasing an additional 776 shares during the period. Wells Fargo & Company MN’s holdings in CPI Card Group were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its stake in CPI Card Group by 96.6% in the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock valued at $91,000 after buying an additional 1,498 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of CPI Card Group during the fourth quarter worth $104,000. Barclays PLC lifted its holdings in shares of CPI Card Group by 251.2% during the third quarter. Barclays PLC now owns 7,330 shares of the company’s stock worth $205,000 after purchasing an additional 5,243 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of CPI Card Group during the fourth quarter worth $264,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of CPI Card Group by 703.0% during the fourth quarter. JPMorgan Chase & Co. now owns 18,188 shares of the company’s stock worth $544,000 after purchasing an additional 15,923 shares during the period. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman H Sanford Riley purchased 15,000 shares of the company’s stock in a transaction dated Friday, May 9th. The stock was acquired at an average price of $21.51 per share, for a total transaction of $322,650.00. Following the completion of the transaction, the chairman now directly owns 19,966 shares in the company, valued at $429,468.66. This represents a 302.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Roth Mkm reaffirmed a “buy” rating and set a $40.00 price target on shares of CPI Card Group in a report on Wednesday, March 5th. B. Riley boosted their price target on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. DA Davidson boosted their price target on shares of CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. StockNews.com lowered shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Lake Street Capital dropped their price target on shares of CPI Card Group from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, CPI Card Group has a consensus rating of “Buy” and a consensus price target of $36.75.

CPI Card Group Stock Performance

NASDAQ:PMTS opened at $20.48 on Tuesday. The stock has a fifty day moving average price of $26.43 and a two-hundred day moving average price of $28.67. The stock has a market capitalization of $231.03 million, a price-to-earnings ratio of 15.63 and a beta of 1.77. CPI Card Group Inc. has a 1 year low of $18.46 and a 1 year high of $35.19.

CPI Card Group (NASDAQ:PMTS) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business had revenue of $122.76 million during the quarter, compared to analysts’ expectations of $120.90 million. CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. On average, analysts predict that CPI Card Group Inc. will post 1.63 EPS for the current year.

CPI Card Group Profile

CPI Card Group Inc, together with its subsidiaries, engages in the design, production, data personalization, packaging, and fulfillment of financial payment cards. It operates through Debit and Credit, and Prepaid Debit segments. The Debit and Credit segment produces financial payment cards and provides integrated card services to card-issuing financial institutions.