Cass Information Systems, Inc. (NASDAQ:CASS) Shares Sold by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC lowered its holdings in Cass Information Systems, Inc. (NASDAQ:CASS) by 14.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 80,632 shares of the business services provider’s stock after selling 13,579 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Cass Information Systems were worth $3,299,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in shares of Cass Information Systems by 27.9% during the third 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. State Street Corp grew its holdings in Cass Information Systems by 0.8% in the third quarter. State Street Corp now owns 319,177 shares of the business services provider’s stock valued at $13,239,000 after purchasing an additional 2,466 shares during the last quarter. Barclays PLC raised its position in Cass Information Systems by 364.9% during the third quarter. Barclays PLC now owns 21,938 shares of the business services provider’s stock worth $910,000 after acquiring an additional 17,219 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cass Information Systems by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider’s stock worth $14,693,000 after purchasing an additional 13,607 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Cass Information Systems by 140.9% during the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider’s stock valued at $964,000 after acquiring an additional 13,593 shares during the last quarter. Institutional investors and hedge funds own 59.08% of the company’s stock.

Cass Information Systems Trading Up 0.7 %

NASDAQ CASS opened at $39.55 on Tuesday. Cass Information Systems, Inc. has a twelve month low of $37.99 and a twelve month high of $47.14. The business’s 50-day moving average price is $42.82 and its 200 day moving average price is $42.50. The company has a market capitalization of $532.54 million, a PE ratio of 28.66 and a beta of 0.49.

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

Cass Information Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a $0.31 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.14%. Cass Information Systems’s dividend payout ratio (DPR) is presently 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.