Monarch Capital Management Inc. Buys 1,920 Shares of CoreCard Co. (NYSE:CCRD)

Monarch Capital Management Inc. boosted its stake in shares of CoreCard Co. (NYSE:CCRD) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,020 shares of the company’s stock after buying an additional 1,920 shares during the quarter. Monarch Capital Management Inc. owned approximately 1.24% of CoreCard worth $2,225,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of CoreCard by 853.3% during the 3rd quarter. Barclays PLC now owns 5,100 shares of the company’s stock worth $74,000 after buying an additional 4,565 shares in the last quarter. Victory Capital Management Inc. grew its holdings in CoreCard by 46.0% during the 2nd quarter. Victory Capital Management Inc. now owns 5,684 shares of the company’s stock worth $83,000 after acquiring an additional 1,790 shares in the last quarter. FMR LLC increased its position in CoreCard by 72.0% during the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock valued at $95,000 after purchasing an additional 2,725 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CoreCard in the 2nd quarter valued at about $145,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of CoreCard in the 2nd quarter worth approximately $160,000. 43.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, B. Riley lowered shares of CoreCard from a “buy” rating to a “neutral” rating and cut their price objective for the company from $19.00 to $15.00 in a report on Thursday, October 3rd.

CoreCard Trading Down 5.0 %

CCRD opened at $22.65 on Friday. The company has a current ratio of 4.90, a quick ratio of 4.90 and a debt-to-equity ratio of 0.04. The firm has a market cap of $178.90 million, a price-to-earnings ratio of 46.21 and a beta of 0.49. CoreCard Co. has a 12 month low of $10.02 and a 12 month high of $24.97. The stock has a fifty day moving average price of $21.54 and a 200-day moving average price of $16.30.

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.