Ritholtz Wealth Management Buys Shares of 13,458 CoreCard Corporation $CCRD

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

Several other hedge funds have also made changes to their positions in CCRD. Navellier & Associates Inc. acquired a new stake in shares of CoreCard during the first quarter worth about $481,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of CoreCard by 29.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,814 shares of the company’s stock worth $446,000 after purchasing an additional 5,480 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of CoreCard by 42.4% during the first quarter. Russell Investments Group Ltd. now owns 11,308 shares of the company’s stock worth $211,000 after purchasing an additional 3,368 shares in the last quarter. Apis Capital Advisors LLC lifted its position in shares of CoreCard by 2.8% during the first quarter. Apis Capital Advisors LLC now owns 141,000 shares of the company’s stock worth $2,638,000 after purchasing an additional 3,872 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position 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 purchasing an additional 12,762 shares in the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

CoreCard Stock Up 0.6%

CCRD stock opened at $27.31 on Tuesday. The company’s 50 day moving average price is $27.18 and its 200 day moving average price is $25.83. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.96 and a current ratio of 4.96. CoreCard Corporation has a fifty-two week low of $12.12 and a fifty-two week high of $31.99. The firm has a market capitalization of $212.74 million, a price-to-earnings ratio of 27.59 and a beta of 0.68.

Wall Street Analyst Weigh In

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