Jacobs Levy Equity Management Inc. Raises Stock Position in CPI Card Group Inc. (NASDAQ:PMTS)

Jacobs Levy Equity Management Inc. lifted its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 92.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 51,273 shares of the company’s stock after buying an additional 24,618 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in CPI Card Group were worth $1,533,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in shares of CPI Card Group by 1,635.8% during the fourth quarter. Russell Investments Group Ltd. now owns 1,649 shares of the company’s stock valued at $49,000 after purchasing an additional 1,554 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of CPI Card Group by 44.9% during the fourth quarter. Wells Fargo & Company MN now owns 2,503 shares of the company’s stock valued at $75,000 after purchasing an additional 776 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of CPI Card Group by 355.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,665 shares of the company’s stock valued at $80,000 after purchasing an additional 2,080 shares in the last quarter. IFP Advisors Inc boosted its stake 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 valued at $91,000 after purchasing an additional 1,498 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of CPI Card Group during the fourth quarter valued at approximately $104,000. 22.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CPI Card Group

In related news, Chairman H Sanford Riley acquired 15,000 shares of the stock in a transaction dated Friday, May 9th. The stock was acquired at an average cost of $21.51 per share, for a total transaction of $322,650.00. Following the completion of the purchase, the chairman now owns 19,966 shares of the company’s stock, valued at approximately $429,468.66. This represents a 302.05% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.80% of the company’s stock.

CPI Card Group Stock Up 3.9%

Shares of PMTS opened at $24.17 on Friday. The company has a market cap of $272.66 million, a price-to-earnings ratio of 18.45 and a beta of 1.77. CPI Card Group Inc. has a twelve month low of $18.46 and a twelve month high of $35.19. The company has a 50 day moving average of $26.04 and a two-hundred day moving average of $28.60.

CPI Card Group (NASDAQ:PMTS) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). CPI Card Group had a negative return on equity of 46.90% and a net margin of 3.38%. The company had revenue of $122.76 million for the quarter, compared to analyst estimates of $120.90 million. On average, sell-side analysts expect that CPI Card Group Inc. will post 1.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PMTS. B. Riley increased their price objective on shares of CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. DA Davidson raised their target price on shares of CPI Card Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Roth Mkm restated a “buy” rating and issued a $40.00 target price on shares of CPI Card Group in a research note on Wednesday, March 5th. StockNews.com downgraded shares of CPI Card Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 9th. Finally, Lake Street Capital lowered their target price on shares of CPI Card Group from $37.00 to $35.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $36.75.

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.