CPI Card Group Inc. (NASDAQ:PMTS) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its stake in shares of CPI Card Group Inc. (NASDAQ:PMTS) by 14.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,600 shares of the company’s stock after buying an additional 5,749 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in CPI Card Group were worth $1,363,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Pacific Ridge Capital Partners LLC purchased a new stake in CPI Card Group in the fourth quarter valued at $4,401,000. Hillsdale Investment Management Inc. purchased a new stake in shares of CPI Card Group in the 4th quarter valued at about $3,240,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of CPI Card Group in the 4th quarter valued at about $1,046,000. Arrowstreet Capital Limited Partnership boosted its position in shares of CPI Card Group by 92.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 68,220 shares of the company’s stock valued at $2,039,000 after purchasing an additional 32,784 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in CPI Card Group by 703.0% during the 4th quarter. JPMorgan Chase & Co. now owns 18,188 shares of the company’s stock worth $544,000 after buying an additional 15,923 shares during the last quarter. Hedge funds and other institutional investors own 22.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PMTS. B. Riley increased their price objective on CPI Card Group from $33.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. DA Davidson increased their price target on shares of CPI Card Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Roth Mkm reissued a “buy” rating and set a $40.00 price objective on shares of CPI Card Group in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CPI Card Group currently has an average rating of “Buy” and an average price target of $37.25.

CPI Card Group Price Performance

Shares of NASDAQ PMTS opened at $24.10 on Friday. The company has a market cap of $270.91 million, a PE ratio of 18.40 and a beta of 1.44. The stock has a fifty day moving average price of $29.33 and a 200 day moving average price of $28.69. CPI Card Group Inc. has a 1-year low of $16.08 and a 1-year high of $35.19.

CPI Card Group Company 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.