GHP Investment Advisors Inc. Has $822,000 Stock Holdings in Cass Information Systems, Inc. (NASDAQ:CASS)

GHP Investment Advisors Inc. trimmed its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 11.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,808 shares of the business services provider’s stock after selling 2,502 shares during the quarter. GHP Investment Advisors Inc. owned 0.15% of Cass Information Systems worth $822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Copeland Capital Management LLC acquired a new stake in shares of Cass Information Systems during the 3rd quarter worth $37,000. Creative Planning acquired a new stake in shares of Cass Information Systems during the 3rd quarter worth $205,000. SG Americas Securities LLC acquired a new stake in shares of Cass Information Systems during the 3rd quarter worth $200,000. Renaissance Technologies LLC acquired a new stake in shares of Cass Information Systems during the 2nd quarter worth $251,000. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Cass Information Systems by 2.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 32,147 shares of the business services provider’s stock worth $1,288,000 after purchasing an additional 808 shares in the last quarter. 59.08% of the stock is owned by institutional investors and hedge funds.

Cass Information Systems Trading Up 0.6 %

Cass Information Systems stock opened at $42.17 on Monday. Cass Information Systems, Inc. has a 12 month low of $37.00 and a 12 month high of $50.25. The company has a market capitalization of $575.37 million, a PE ratio of 19.26 and a beta of 0.70. The stock has a 50-day moving average price of $41.56 and a two-hundred day moving average price of $42.04.

Cass Information Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.94%. This is an increase from Cass Information Systems’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Tuesday, December 3rd. Cass Information Systems’s dividend payout ratio (DPR) is 56.62%.

Analysts Set New Price Targets

Separately, Piper Sandler increased their target price on Cass Information Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, October 18th.

Cass Information Systems Profile

Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates through two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.