Cpi Card Group Inc. (PMTS) Files Form 4 Insider Buying : Doug Pearce Buys 8,300 Shares

Cpi Card Group Inc. (PMTS): Doug Pearce , director of Cpi Card Group Inc. purchased 8,300 shares on Jun 2, 2016. The Insider buying transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.53 per share for a total value of $37,277.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Steve Montross (CEO) purchased 25,000 shares at $4.36 per share price.On May 16, 2016, Chris Bakke (Chief Accounting Officer) purchased 18,292 shares at $4.23 per share price.Also, On Oct 19, 2015, Nicholas Cahn (Managing Dir.-CPI Europe) sold 14,790 shares at $9.50 per share price.On Oct 19, 2015, Jerry Dreiling (VP & Chief Accounting Officer) sold 19,941 shares at $9.50 per share price.

Company has been under the radar of several Street Analysts.CPI Card Group Inc is Downgraded by Robert W. Baird to Neutral while Lowering the Price Target of the company shares to $ 4 from a previous price target of $14 . Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on May 12, 2016.CPI Card Group Inc is Downgraded by CIBC to Sector Perform. Earlier the firm had a rating of Sector Outperform on the company shares. The Rating was issued on May 12, 2016.CPI Card Group Inc is Downgraded by Goldman to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on May 12, 2016.

Cpi Card Group Inc is a United States-based global provider of payment solutions including card production card personalization mobile technologies and fulfillment services. It manufactures secured contactless smart cards and provides Financial Institutions with a range of products including contactless smart card using radio-frequency identification (RFID) contactless RFID stickers Europay MasterCard and Visa (EMV) cards MicroSD contactless physical access cards and contactless FOB. The Company’s packaging services include card and package design card manufacturing and personalization secure packaging and distribution for multiple industries. It offers a suite of solutions for smart card programs in the financial commercial transit and government sectors. The Company offers a range of mailing and fulfillment solutions to compliment any type of card program. Its mailing and fulfillment solutions include packaging personalization and fulfillment.

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