Integrated Quantitative Investments LLC Invests $287,000 in CoreCard Corporation $CCRD

Integrated Quantitative Investments LLC acquired a new position in CoreCard Corporation (NYSE:CCRD) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 9,900 shares of the company’s stock, valued at approximately $287,000.

Other large investors also recently added to or reduced their stakes in the company. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of CoreCard in the second quarter worth $32,000. Russell Investments Group Ltd. lifted its stake in CoreCard by 42.4% in the 1st quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company’s stock worth $211,000 after acquiring an additional 3,368 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in CoreCard during the 2nd quarter worth about $306,000. Ritholtz Wealth Management acquired a new stake in CoreCard during the 2nd quarter worth about $390,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in CoreCard by 29.9% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,814 shares of the company’s stock valued at $446,000 after acquiring an additional 5,480 shares in the last quarter. 43.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

CoreCard Stock Performance

CCRD stock opened at $23.60 on Monday. The firm has a 50 day moving average of $26.04 and a two-hundred day moving average of $26.62. CoreCard Corporation has a 12 month low of $14.60 and a 12 month high of $31.99. The company has a market capitalization of $183.89 million, a price-to-earnings ratio of 23.84 and a beta of 0.68. The company has a quick ratio of 4.96, a current ratio of 4.96 and a debt-to-equity ratio of 0.03.

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.