Cass Information Systems, Inc. (NASDAQ:CASS) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 3.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 265,907 shares of the business services provider’s stock after purchasing an additional 8,568 shares during the period. Royce & Associates LP owned about 1.96% of Cass Information Systems worth $10,878,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Quest Partners LLC increased its holdings in Cass Information Systems by 3,445.5% during the 3rd quarter. Quest Partners LLC now owns 6,701 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 6,512 shares in the last quarter. Foundry Partners LLC grew its position in shares of Cass Information Systems by 12.1% in the third quarter. Foundry Partners LLC now owns 122,405 shares of the business services provider’s stock valued at $5,077,000 after purchasing an additional 13,180 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cass Information Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,609 shares of the business services provider’s stock worth $4,298,000 after purchasing an additional 1,148 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Cass Information Systems by 27.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,387 shares of the business services provider’s stock worth $265,000 after purchasing an additional 1,394 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its stake in Cass Information Systems by 37.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 7,453 shares of the business services provider’s stock valued at $309,000 after buying an additional 2,044 shares in the last quarter. Hedge funds and other institutional investors own 59.08% of the company’s stock.

Cass Information Systems Stock Performance

Cass Information Systems stock opened at $43.34 on Tuesday. Cass Information Systems, Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $49.16. The company has a market capitalization of $583.57 million, a price-to-earnings ratio of 31.41 and a beta of 0.67. The stock has a fifty day moving average of $42.43 and a two-hundred day moving average of $42.47.

Cass Information Systems (NASDAQ:CASS) last posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%. On average, analysts forecast that Cass Information Systems, Inc. will post 2.62 EPS for the current fiscal year.

Cass Information Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.86%. Cass Information Systems’s dividend payout ratio (DPR) is currently 89.86%.

Cass Information Systems Company 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.