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In a remarkable display of market confidence, shares of CoreCard Corp (CCRD) have surged to a 52-week high, touching $25.95. The financial technology solutions provider has seen its stock soar as investors rally behind the company’s robust performance and strategic initiatives. According to InvestingPro data, the company boasts a perfect Piotroski Score of 9, indicating exceptional financial strength, while maintaining a healthy current ratio of 4.96. This peak represents a significant milestone for CoreCard, reflecting a bullish sentiment that has propelled the stock well above its previous year’s valuation. The company has demonstrated strong fundamentals with revenue growth of 12.31% and trades at a P/E ratio of 29.31. Over the past year, Intelligent Systems (NYSE:CCRD), the parent company of CoreCard, has reported an impressive 1-year change, with its stock value climbing by 89.19%. This substantial growth underscores the company’s strong market position and the increasing demand for its innovative payment processing and account management solutions. Discover 12 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.
In other recent news, CoreCard Corp reported robust financial results for the first quarter of 2025, with revenue reaching $16.7 million, a 28% increase compared to the previous year. The company’s adjusted diluted earnings per share (EPS) rose significantly to $0.28 from $0.07 in the same period last year. These results align with CoreCard’s guidance range and slightly exceeded revenue expectations. The company projects full-year revenue between $65 million and $69 million, with an EPS forecast of $1.10 to $1.18.
In addition to earnings, CoreCard’s performance was driven by growth in professional services and processing revenue. The company reported an operating margin of 16.8%, up from 4% in the previous year, highlighting improved operational efficiency. Analysts from firms like B. Riley have shown interest in the company’s outlook amidst industry consolidation, such as the Global Payments (NYSE:GPN) and FIS spin-off.
CoreCard faces potential headwinds from the sale of a customer, Deserve, to Intuit (NASDAQ:INTU), though this represents less than 3% of the company’s total revenues. The company continues to onboard new customers and expand partnerships, aiming for sustained growth throughout 2025. CEO Leland Strange expressed optimism about maintaining the company’s positive trajectory, with plans to continue leveraging its professional services and processing segments.
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