Rice Hall James & Associates LLC decreased its position in shares of Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 361,150 shares of the information services provider’s stock after selling 10,018 shares during the quarter. Rice Hall James & Associates LLC owned approximately 2.43% of Points International worth $4,117,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PCOM. Bank of New York Mellon Corp grew its stake in shares of Points International by 7.4% during the 1st quarter. Bank of New York Mellon Corp now owns 53,380 shares of the information services provider’s stock worth $412,000 after acquiring an additional 3,697 shares during the period. Renaissance Technologies LLC grew its stake in shares of Points International by 2.1% during the 1st quarter. Renaissance Technologies LLC now owns 354,700 shares of the information services provider’s stock worth $2,738,000 after acquiring an additional 7,140 shares during the period. Clearbridge Investments LLC bought a new position in shares of Points International during the 1st quarter worth $297,000. Russell Investments Group Ltd. grew its stake in shares of Points International by 34.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 58,915 shares of the information services provider’s stock worth $533,000 after acquiring an additional 15,115 shares during the period. Finally, New York State Common Retirement Fund grew its stake in shares of Points International by 47.7% during the 2nd quarter. New York State Common Retirement Fund now owns 18,148 shares of the information services provider’s stock worth $164,000 after acquiring an additional 5,858 shares during the period. Institutional investors own 36.81% of the company’s stock.

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PCOM has been the subject of several research reports. B. Riley reiterated a “buy” rating and set a $12.00 price target on shares of Points International in a research note on Monday, August 14th. Royal Bank Of Canada reiterated a “buy” rating and set a $15.00 price target on shares of Points International in a research note on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $13.50.

Points International (NASDAQ:PCOM) (TSE:PTS) last posted its quarterly earnings data on Wednesday, August 9th. The information services provider reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $85.77 million during the quarter, compared to analysts’ expectations of $79.84 million. Points International had a positive return on equity of 7.56% and a negative net margin of 0.53%.

Points International announced that its board has approved a share repurchase plan on Wednesday, August 9th that permits the company to buyback 740,000 shares. This buyback authorization permits the information services provider to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.

Points International Profile

Points International Ltd. (Points) provides a range of e-commerce and technology services to loyalty program operators using a common infrastructure. These services include a range of white label or private branded e-commerce services (Loyalty Currency Services) that enable the sale of loyalty currencies (such as frequent flyer miles, hotel points and credit card points), both retail and wholesale, and support the loyalty program consumer offerings and their back end operations.

Institutional Ownership by Quarter for Points International (NASDAQ:PCOM)

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