Zacks Investment Research lowered shares of CPI Card Group Inc. (NASDAQ:PMTS) (TSE:PNT) from a hold rating to a sell rating in a research report report published on Wednesday, July 19th.
According to Zacks, “CPI Card Group Inc. is engaged in financial card production and related services under the VISA, MasterCard, American Express and Discover payment brands. The company offers a single source for cards and other form factors, from financial and prepaid debit to EMV chip and mobile, instant issuance, personalization and fulfillment services. CPI Card Group Inc. is headquartered in Littleton, Colorado. “
Several other research firms also recently issued reports on PMTS. Citigroup Inc. downgraded shares of CPI Card Group from an outperform rating to a market perform rating in a research note on Thursday, May 4th. Raymond James Financial, Inc. cut shares of CPI Card Group from an outperform rating to a market perform rating in a research report on Thursday, May 4th. Finally, ValuEngine cut shares of CPI Card Group from a hold rating to a sell rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $6.25.
Shares of CPI Card Group (NASDAQ:PMTS) traded up 1.72% during midday trading on Wednesday, reaching $2.95. The company’s stock had a trading volume of 146,647 shares. The firm’s market capitalization is $164.00 million. The stock has a 50-day moving average of $2.74 and a 200 day moving average of $3.56. CPI Card Group has a 12-month low of $1.70 and a 12-month high of $6.41.
CPI Card Group (NASDAQ:PMTS) (TSE:PNT) last released its earnings results on Wednesday, May 3rd. The credit services provider reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.05. CPI Card Group had a negative net margin of 1.73% and a negative return on equity of 3.79%. The company had revenue of $56.01 million during the quarter, compared to analysts’ expectations of $58.14 million. Equities research analysts predict that CPI Card Group will post $0.28 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Friday, June 16th were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.18 annualized dividend and a yield of 6.10%. CPI Card Group’s payout ratio is -199.98%.
A number of hedge funds have recently added to or reduced their stakes in PMTS. Wells Fargo & Company MN raised its stake in CPI Card Group by 509.0% in the first quarter. Wells Fargo & Company MN now owns 30,680 shares of the credit services provider’s stock valued at $129,000 after buying an additional 25,642 shares during the last quarter. Trust Co. of Virginia VA acquired a new stake in CPI Card Group during the first quarter valued at $134,000. Highbridge Capital Management LLC acquired a new stake in CPI Card Group during the fourth quarter valued at $143,000. Teachers Advisors LLC raised its stake in CPI Card Group by 28.5% in the fourth quarter. Teachers Advisors LLC now owns 43,218 shares of the credit services provider’s stock valued at $179,000 after buying an additional 9,581 shares during the last quarter. Finally, RMB Capital Management LLC purchased a new position in CPI Card Group during the fourth quarter valued at approximately $539,000. Hedge funds and other institutional investors own 22.26% of the company’s stock.
CPI Card Group Company Profile
CPI Card Group Inc, formerly CPI Holdings I, Inc, provides Financial Payment Card solutions in North America. The Company is engaged in the design, production, data personalization, packaging and fulfillment of Financial Payment Cards, which it defines as credit cards, debit cards and prepaid debit cards issued on the networks of the Payment Card Brands in the United States, Europe and Canada.
Get a free copy of the Zacks research report on CPI Card Group (PMTS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for CPI Card Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CPI Card Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
