CoreCard Co. (NYSE:CCRD) Stake Raised by Investors Asset Management of Georgia Inc. GA ADV

Investors Asset Management of Georgia Inc. GA ADV raised its position in CoreCard Co. (NYSE:CCRD) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,306 shares of the company’s stock after purchasing an additional 11,461 shares during the period. CoreCard comprises about 2.2% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 9th largest position. Investors Asset Management of Georgia Inc. GA ADV owned about 3.62% of CoreCard worth $4,297,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCRD. Quantbot Technologies LP acquired a new stake in shares of CoreCard in the second quarter worth approximately $28,000. Lazard Asset Management LLC increased its holdings in shares of CoreCard by 183.0% during the 4th quarter. Lazard Asset Management LLC now owns 1,316 shares of the company’s stock worth $38,000 after buying an additional 851 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in CoreCard by 1,778.3% in the first quarter. Tower Research Capital LLC TRC now owns 1,559 shares of the company’s stock valued at $47,000 after acquiring an additional 1,476 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in CoreCard during the second quarter worth about $51,000. Finally, UBS Group AG purchased a new stake in CoreCard during the 4th quarter worth $54,000. 43.90% of the stock is owned by hedge funds and other institutional investors.

CoreCard Stock Down 9.2 %

Shares of NYSE CCRD traded down $1.18 on Thursday, hitting $11.70. The company had a trading volume of 13,992 shares, compared to its average volume of 38,694. The firm has a market capitalization of $95.47 million, a P/E ratio of 32.20 and a beta of 0.36. The company has a quick ratio of 4.66, a current ratio of 4.66 and a debt-to-equity ratio of 0.02. CoreCard Co. has a 12-month low of $10.02 and a 12-month high of $28.00. The business has a 50 day moving average of $11.49 and a two-hundred day moving average of $14.01.

CoreCard (NYSE:CCRD) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $12.16 million for the quarter, compared to analyst estimates of $12.60 million. CoreCard had a net margin of 6.06% and a return on equity of 8.12%. As a group, equities research analysts forecast that CoreCard Co. will post 0.12 earnings per share for the current fiscal year.

CoreCard 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.