Cubist Systematic Strategies LLC Sells 1,018 Shares of CoreCard Co. (NYSE:CCRD)

Cubist Systematic Strategies LLC decreased its holdings in shares of CoreCard Co. (NYSE:CCRD) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,806 shares of the company’s stock after selling 1,018 shares during the period. Cubist Systematic Strategies LLC owned 0.07% of CoreCard worth $132,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in CoreCard by 167.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,413 shares of the company’s stock worth $32,000 after purchasing an additional 885 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of CoreCard by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 59,440 shares of the company’s stock valued at $1,350,000 after buying an additional 1,003 shares in the last quarter. Northern Trust Corp increased its holdings in CoreCard by 16.9% in the 4th quarter. Northern Trust Corp now owns 12,904 shares of the company’s stock valued at $293,000 after acquiring an additional 1,863 shares during the last quarter. Monarch Capital Management Inc. increased its holdings in CoreCard by 2.0% in the 4th quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company’s stock valued at $2,225,000 after acquiring an additional 1,920 shares during the last quarter. Finally, Barclays PLC increased its holdings in CoreCard by 853.3% in the 3rd quarter. Barclays PLC now owns 5,100 shares of the company’s stock valued at $74,000 after acquiring an additional 4,565 shares during the last quarter. Institutional investors own 43.90% of the company’s stock.

CoreCard Trading Down 0.5%

NYSE CCRD opened at $24.51 on Monday. The company has a quick ratio of 4.90, a current ratio of 4.90 and a debt-to-equity ratio of 0.04. CoreCard Co. has a 52 week low of $11.57 and a 52 week high of $25.79. The firm has a market cap of $190.89 million, a PE ratio of 36.59 and a beta of 0.54. The company has a 50 day moving average price of $19.72 and a 200 day moving average price of $20.81.

CoreCard (NYSE:CCRD) last posted its earnings results on Thursday, February 20th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.17. CoreCard had a net margin of 9.49% and a return on equity of 10.52%. The business had revenue of $14.82 million for the quarter, compared to analyst estimates of $13.40 million. As a group, sell-side analysts forecast that CoreCard Co. will post 0.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, B. Riley reiterated a “neutral” rating and set a $21.00 price target (up from $16.00) on shares of CoreCard in a report on Friday, February 21st.

CoreCard Company 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.