Ritholtz Wealth Management Invests $390,000 in CoreCard Corporation $CCRD

Ritholtz Wealth Management bought a new position in shares of CoreCard Corporation (NYSE:CCRD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 13,458 shares of the company’s stock, valued at approximately $390,000. Ritholtz Wealth Management owned approximately 0.17% of CoreCard as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in shares of CoreCard by 45.0% during the first quarter. Goldman Sachs Group Inc. now owns 41,117 shares of the company’s stock worth $769,000 after buying an additional 12,762 shares in the last quarter. Navellier & Associates Inc. purchased a new stake in shares of CoreCard during the first quarter worth $481,000. Acadian Asset Management LLC grew its holdings in shares of CoreCard by 21.6% in the first quarter. Acadian Asset Management LLC now owns 229,786 shares of the company’s stock valued at $4,289,000 after purchasing an additional 40,842 shares during the period. Russell Investments Group Ltd. grew its holdings in shares of CoreCard by 42.4% in the first quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company’s stock valued at $211,000 after purchasing an additional 3,368 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of CoreCard by 29.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,814 shares of the company’s stock valued at $446,000 after purchasing an additional 5,480 shares during the period. Hedge funds and other institutional investors own 43.90% of the company’s stock.

CoreCard Trading Up 0.6%

NYSE CCRD opened at $27.31 on Tuesday. The firm’s 50-day moving average is $27.18 and its two-hundred day moving average is $25.83. CoreCard Corporation has a 12 month low of $12.12 and a 12 month high of $31.99. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.96 and a quick ratio of 4.96. The stock has a market capitalization of $212.74 million, a P/E ratio of 27.59 and a beta of 0.68.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of CoreCard in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.00.

CoreCard Company 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.