CPI Card Group Inc. (NASDAQ:PMTS) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in CPI Card Group Inc. (NASDAQ:PMTS) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,600 shares of the company’s stock after buying an additional 5,749 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.41% of CPI Card Group worth $1,363,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PMTS. MetLife Investment Management LLC boosted its position in shares of 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 purchasing an additional 1,656 shares during the period. IFP Advisors Inc boosted its position in shares of CPI Card Group by 96.6% during the fourth quarter. IFP Advisors Inc now owns 3,048 shares of the company’s stock worth $91,000 after buying an additional 1,498 shares during the period. SG Americas Securities LLC acquired a new stake in shares of CPI Card Group in the fourth quarter valued at $104,000. BNP Paribas Financial Markets raised its holdings in shares of CPI Card Group by 182.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 5,281 shares of the company’s stock valued at $147,000 after buying an additional 3,414 shares during the period. Finally, Barclays PLC lifted its stake in CPI Card Group by 251.2% during the 3rd quarter. Barclays PLC now owns 7,330 shares of the company’s stock worth $205,000 after acquiring an additional 5,243 shares in the last quarter. 22.08% of the stock is currently owned by institutional investors and hedge funds.

CPI Card Group Stock Down 9.2 %

Shares of NASDAQ:PMTS opened at $24.10 on Friday. The stock has a market cap of $270.91 million, a price-to-earnings ratio of 18.40 and a beta of 1.44. The firm’s 50 day moving average price is $29.33 and its 200 day moving average price is $28.69. CPI Card Group Inc. has a fifty-two week low of $16.08 and a fifty-two week high of $35.19.

Analyst Ratings Changes

A number of analysts have issued reports on PMTS shares. DA Davidson boosted their price target on shares of 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 reiterated a “buy” rating and set a $40.00 target price on shares of CPI Card Group in a report on Wednesday, March 5th. Finally, B. Riley boosted their price target on shares of CPI Card Group from $33.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CPI Card Group currently has a consensus rating of “Buy” and a consensus target price of $37.25.

CPI Card Group 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.