Weber Alan W Holds Stake in Points International, Ltd. (PCOM)
Weber Alan W continued to hold its position in shares of Points International, Ltd. (NASDAQ:PCOM) (TSE:PTS) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,000 shares of the information services provider’s stock at the end of the second quarter. Weber Alan W’s holdings in Points International were worth $181,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Clearbridge Investments LLC bought a new position in shares of Points International during the first quarter worth about $297,000. Russell Investments Group Ltd. bought a new position in shares of Points International during the fourth quarter worth about $338,000. Wedge Capital Management L L P NC bought a new position in shares of Points International during the first quarter worth about $378,000. Bank of New York Mellon Corp boosted its position in shares of Points International by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 53,380 shares of the information services provider’s stock worth $412,000 after buying an additional 3,697 shares during the last quarter. Finally, Rice Hall James & Associates LLC boosted its position in shares of Points International by 8.9% in the first quarter. Rice Hall James & Associates LLC now owns 303,292 shares of the information services provider’s stock worth $2,341,000 after buying an additional 24,784 shares during the last quarter. 37.36% of the stock is owned by institutional investors and hedge funds.
Points International, Ltd. (NASDAQ PCOM) opened at 8.20 on Friday. The firm’s market capitalization is $121.33 million. The stock has a 50 day moving average price of $8.45 and a 200-day moving average price of $8.36. Points International, Ltd. has a one year low of $6.28 and a one year high of $10.79.
Points International (NASDAQ:PCOM) (TSE:PTS) last issued its quarterly earnings results on Wednesday, August 9th. The information services provider reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business 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 7.61% and a negative net margin of 0.53%. On average, equities analysts forecast that Points International, Ltd. will post $0.26 earnings per share for the current year.
Points International announced that its board has authorized a stock repurchase program on Wednesday, August 9th that allows the company to buyback 740,000 shares. This buyback authorization allows the information services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.
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A number of equities analysts have recently issued reports on PCOM shares. B. Riley reissued a “buy” rating and issued a $12.00 target price on shares of Points International in a report on Wednesday. TheStreet raised Points International from a “d” rating to a “c-” rating in a report on Monday, May 15th. Zacks Investment Research cut Points International from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. ValuEngine raised Points International from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada increased their target price on Points International from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, May 4th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Points International currently has an average rating of “Buy” and an average price target of $13.00.
Points International Company 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.
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