Investors Asset Management of Georgia Inc. GA ADV Trims Stake in CoreCard Co. (NYSE:CCRD)

Investors Asset Management of Georgia Inc. GA ADV cut its stake in CoreCard Co. (NYSE:CCRD) by 1.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 303,771 shares of the company’s stock after selling 3,400 shares during the period. CoreCard accounts for 3.4% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 2nd biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in CoreCard were worth $6,896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC boosted its holdings in CoreCard by 72.0% during the third quarter. FMR LLC now owns 6,511 shares of the company’s stock worth $95,000 after buying an additional 2,725 shares in the last quarter. Barclays PLC lifted its holdings in shares of CoreCard by 853.3% during the third quarter. Barclays PLC now owns 5,100 shares of the company’s stock valued at $74,000 after purchasing an additional 4,565 shares during the last quarter. Finally, Monarch Capital Management Inc. increased its stake in CoreCard by 2.0% in the 4th quarter. Monarch Capital Management Inc. now owns 98,020 shares of the company’s stock worth $2,225,000 after purchasing an additional 1,920 shares in the last quarter. 43.90% of the stock is owned by institutional investors and hedge funds.

CoreCard Stock Up 3.3 %

Shares of NYSE:CCRD opened at $23.03 on Friday. CoreCard Co. has a 52 week low of $10.02 and a 52 week high of $24.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.90 and a current ratio of 4.90. The company has a market cap of $181.90 million, a PE ratio of 46.99 and a beta of 0.50. The firm has a 50 day simple moving average of $22.65 and a 200 day simple moving average of $18.05.

CoreCard (NYSE:CCRD) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.17. CoreCard had a return on equity of 7.67% and a net margin of 7.32%. As a group, research analysts expect that CoreCard Co. will post 0.5 earnings per share for the current year.

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.