Bank of New York Mellon Corp Sells 11,933 Shares of CPI Card Group Inc. (NASDAQ:PMTS)

Bank of New York Mellon Corp lessened its position in CPI Card Group Inc. (NASDAQ:PMTS) by 30.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,584 shares of the company’s stock after selling 11,933 shares during the period. Bank of New York Mellon Corp’s holdings in CPI Card Group were worth $824,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PMTS. IFP Advisors Inc increased its stake in shares of 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 period. MetLife Investment Management LLC grew its holdings in CPI Card Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 2,939 shares of the company’s stock worth $82,000 after acquiring an additional 1,656 shares during the last quarter. Ritholtz Wealth Management increased its position in CPI Card Group by 16.9% in the 4th quarter. Ritholtz Wealth Management now owns 18,840 shares of the company’s stock valued at $563,000 after acquiring an additional 2,723 shares during the period. Geode Capital Management LLC raised its stake in shares of CPI Card Group by 2.7% during the third quarter. Geode Capital Management LLC now owns 108,629 shares of the company’s stock valued at $3,024,000 after acquiring an additional 2,828 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of CPI Card Group by 182.9% in the third quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock worth $147,000 after purchasing an additional 3,414 shares during the last quarter. 22.08% of the stock is currently owned by institutional investors.

CPI Card Group Price Performance

Shares of NASDAQ:PMTS opened at $30.10 on Wednesday. CPI Card Group Inc. has a 1 year low of $15.51 and a 1 year high of $35.19. The business’s 50-day moving average is $29.57 and its 200-day moving average is $28.58. The company has a market capitalization of $338.35 million, a price-to-earnings ratio of 22.98 and a beta of 1.36.

Analysts Set New Price Targets

PMTS has been the subject of several analyst reports. B. Riley raised their target price on CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. DA Davidson lifted their price objective on CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Roth Mkm reissued a “buy” rating and set a $40.00 target price on shares of CPI Card Group in a research report on Wednesday, March 5th. Finally, Lake Street Capital boosted their price target on shares of CPI Card Group from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $37.25.

CPI Card Group Company 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.