CoreCard (NYSE:CCRD – Get Free Report) is scheduled to be announcing its earnings results before the market opens on Wednesday, February 14th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.
CoreCard Stock Up 2.2 %
CoreCard stock opened at $12.01 on Wednesday. The business has a fifty day moving average of $13.05 and a two-hundred day moving average of $17.70. The company has a quick ratio of 4.74, a current ratio of 4.74 and a debt-to-equity ratio of 0.03. The firm has a market cap of $101.36 million, a P/E ratio of 26.11 and a beta of 0.38. CoreCard has a twelve month low of $11.56 and a twelve month high of $35.48.
Institutional Trading of CoreCard
Several hedge funds and other institutional investors have recently made changes to their positions in CCRD. Morgan Stanley increased its position in shares of CoreCard by 316.4% in the 4th quarter. Morgan Stanley now owns 7,050 shares of the company’s stock valued at $204,000 after acquiring an additional 5,357 shares during the period. Victory Capital Management Inc. purchased a new stake in shares of CoreCard during the 4th quarter worth about $102,000. MetLife Investment Management LLC purchased a new position in CoreCard in the 2nd quarter valued at about $98,000. BNP Paribas Arbitrage SNC lifted its stake in CoreCard by 65,040.0% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 3,257 shares of the company’s stock valued at $83,000 after buying an additional 3,252 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in CoreCard by 931.8% in the 2nd quarter. Wells Fargo & Company MN now owns 3,013 shares of the company’s stock valued at $76,000 after buying an additional 2,721 shares in the last quarter. Hedge funds and other institutional investors own 45.01% of the company’s stock.
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.
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