CoreCard (CCRD) to Release Earnings on Thursday

CoreCard (NYSE:CCRD) is expected to be releasing its results before the market opens on Thursday, October 30th. Analysts expect CoreCard to post earnings of $0.29 per share for the quarter.

CoreCard Price Performance

Shares of CCRD opened at $25.35 on Tuesday. CoreCard has a 1 year low of $13.60 and a 1 year 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 company has a market capitalization of $197.48 million, a price-to-earnings ratio of 25.61 and a beta of 0.68. The business has a 50-day moving average of $27.07 and a 200-day moving average of $26.12.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On CoreCard

Several large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP grew its stake in CoreCard by 143.4% during the second quarter. Marshall Wace LLP now owns 135,927 shares of the company’s stock worth $3,938,000 after purchasing an additional 80,072 shares during the period. Geode Capital Management LLC grew its stake in CoreCard by 109.8% during the second quarter. Geode Capital Management LLC now owns 127,500 shares of the company’s stock worth $3,694,000 after purchasing an additional 66,733 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of CoreCard by 45.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 41,117 shares of the company’s stock valued at $769,000 after acquiring an additional 12,762 shares in the last quarter. Jane Street Group LLC increased its stake in shares of CoreCard by 60.3% in the 1st quarter. Jane Street Group LLC now owns 24,884 shares of the company’s stock valued at $466,000 after acquiring an additional 9,359 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of CoreCard by 235.6% in the 2nd quarter. Lazard Asset Management LLC now owns 15,435 shares of the company’s stock valued at $447,000 after acquiring an additional 10,836 shares in the last quarter. Institutional investors and hedge funds own 43.90% of the company’s stock.

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.