CoreCard Co. (NYSE:CCRD) is Investors Asset Management of Georgia Inc. GA ADV’s 2nd Largest Position

Investors Asset Management of Georgia Inc. GA ADV decreased its position in shares of CoreCard Co. (NYSE:CCRD) by 1.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 303,771 shares of the company’s stock after selling 3,400 shares during the period. CoreCard accounts for about 3.4% of Investors Asset Management of Georgia Inc. GA ADV’s investment portfolio, making the stock its 2nd largest position. Investors Asset Management of Georgia Inc. GA ADV owned about 3.85% of CoreCard worth $6,896,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of CoreCard by 853.3% in the 3rd quarter. Barclays PLC now owns 5,100 shares of the company’s stock worth $74,000 after purchasing an additional 4,565 shares during the period. FMR LLC grew its stake in CoreCard by 72.0% during the 3rd quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after buying an additional 2,725 shares during the last quarter. Finally, Monarch Capital Management Inc. lifted its holdings in shares of CoreCard by 2.0% during the fourth quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company’s stock worth $2,225,000 after purchasing an additional 1,920 shares during the period. Institutional investors own 43.90% of the company’s stock.

CoreCard Price Performance

NYSE:CCRD opened at $23.03 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.90 and a quick ratio of 4.90. The firm has a market cap of $181.90 million, a price-to-earnings ratio of 46.99 and a beta of 0.50. CoreCard Co. has a 1-year low of $10.02 and a 1-year high of $24.97. The company has a 50 day moving average price of $22.65 and a 200-day moving average price of $18.05.

CoreCard (NYSE:CCRD) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.17. CoreCard had a net margin of 7.32% and a return on equity of 7.67%. Equities research analysts forecast that CoreCard Co. will post 0.5 EPS for the current year.

About CoreCard

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.