B. Riley Reaffirms “Neutral” Rating for CoreCard (NYSE:CCRD)

B. Riley restated their neutral rating on shares of CoreCard (NYSE:CCRDFree Report) in a report published on Friday,Benzinga reports. They currently have a $21.00 price objective on the stock, up from their prior price objective of $16.00.

CoreCard Trading Down 6.4 %

CCRD opened at $21.54 on Friday. The company has a market cap of $170.16 million, a price-to-earnings ratio of 32.15 and a beta of 0.50. The firm has a 50 day simple moving average of $22.64 and a 200 day simple moving average of $18.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 4.90. CoreCard has a fifty-two week low of $10.02 and a fifty-two week high of $24.97.

CoreCard (NYSE:CCRDGet Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.17. The firm had revenue of $14.82 million during the quarter, compared to analysts’ expectations of $13.40 million. CoreCard had a net margin of 9.49% and a return on equity of 10.52%. On average, sell-side analysts anticipate that CoreCard will post 0.91 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Topline Capital Management LLC acquired a new position in shares of CoreCard in the fourth quarter valued at approximately $7,317,000. Arrowstreet Capital Limited Partnership raised its position in CoreCard by 160.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 98,841 shares of the company’s stock worth $2,244,000 after acquiring an additional 60,927 shares in the last quarter. Monarch Capital Management Inc. raised its position in CoreCard by 2.0% during the fourth quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company’s stock worth $2,225,000 after acquiring an additional 1,920 shares in the last quarter. Dimensional Fund Advisors LP raised its position in CoreCard by 25.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 63,721 shares of the company’s stock worth $1,446,000 after acquiring an additional 13,087 shares in the last quarter. Finally, Citadel Advisors LLC raised its position in CoreCard by 349.4% during the fourth quarter. Citadel Advisors LLC now owns 61,123 shares of the company’s stock worth $1,387,000 after acquiring an additional 47,523 shares in the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

About CoreCard

(Get Free Report)

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.

Further Reading

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