Spark Investment Management LLC continued to hold its position in shares of CardConnect Corp (NASDAQ:CCN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,220 shares of the business services provider’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in CardConnect Corp were worth $259,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Havens Advisors LLC bought a new position in shares of CardConnect Corp during the second quarter valued at about $798,000. Renaissance Technologies LLC increased its position in shares of CardConnect Corp by 170.8% in the first quarter. Renaissance Technologies LLC now owns 134,579 shares of the business services provider’s stock valued at $1,776,000 after buying an additional 84,879 shares in the last quarter. UBS Group AG bought a new position in shares of CardConnect Corp during the first quarter valued at about $616,000. Vanguard Group Inc. increased its position in shares of CardConnect Corp by 10.4% in the first quarter. Vanguard Group Inc. now owns 470,058 shares of the business services provider’s stock valued at $6,205,000 after buying an additional 44,154 shares in the last quarter. Finally, Laurion Capital Management LP bought a new position in shares of CardConnect Corp during the first quarter valued at about $220,000. Hedge funds and other institutional investors own 31.59% of the company’s stock.

Shares of CardConnect Corp (NASDAQ CCN) opened at 15.05 on Wednesday. The firm has a 50-day moving average of $14.69 and a 200 day moving average of $13.83. CardConnect Corp has a 1-year low of $8.14 and a 1-year high of $15.25.

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Several brokerages recently issued reports on CCN. Zacks Investment Research upgraded CardConnect Corp from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Tuesday, June 27th. Cowen and Company downgraded CardConnect Corp from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $17.00 to $15.00 in a research report on Tuesday, May 30th. Finally, Craig Hallum downgraded CardConnect Corp from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Tuesday, May 30th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $16.17.

About CardConnect Corp

CardConnect Corp., formerly FinTech Acquisition Corp., is a holding company. The Company holds interests in CardConnect, LLC. The Company is a provider of payment processing solutions to merchants throughout the United States. The Company’s segments include Merchant Acquiring Services and Other. The Company’s platform allows it to provide payment solutions, customer support and tools for its distribution partners and merchants.

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Institutional Ownership by Quarter for CardConnect Corp (NASDAQ:CCN)

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