Vise Technologies Inc. Invests $743,000 in Casey’s General Stores, Inc. $CASY

Vise Technologies Inc. purchased a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,456 shares of the company’s stock, valued at approximately $743,000.

A number of other hedge funds also recently bought and sold shares of CASY. Wellington Management Group LLP grew its position in Casey’s General Stores by 190.6% during the 1st quarter. Wellington Management Group LLP now owns 1,244,311 shares of the company’s stock valued at $540,081,000 after purchasing an additional 816,110 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Casey’s General Stores by 42.0% in the first quarter. JPMorgan Chase & Co. now owns 1,036,426 shares of the company’s stock worth $449,851,000 after buying an additional 306,628 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of Casey’s General Stores by 8.9% during the first quarter. Raymond James Financial Inc. now owns 649,815 shares of the company’s stock valued at $282,045,000 after buying an additional 52,939 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Casey’s General Stores by 9.1% during the second quarter. Envestnet Asset Management Inc. now owns 448,919 shares of the company’s stock valued at $229,070,000 after buying an additional 37,625 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Casey’s General Stores by 0.6% during the first quarter. Northern Trust Corp now owns 334,445 shares of the company’s stock valued at $145,163,000 after acquiring an additional 1,941 shares in the last quarter. Institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Price Performance

NASDAQ CASY opened at $536.66 on Friday. The company has a 50-day moving average price of $544.72 and a 200-day moving average price of $509.67. Casey’s General Stores, Inc. has a 52 week low of $372.08 and a 52 week high of $572.18. The company has a quick ratio of 0.61, a current ratio of 1.03 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $19.95 billion, a P/E ratio of 34.45 and a beta of 0.66.

Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings data on Monday, September 8th. The company reported $5.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.02 by $0.75. Casey’s General Stores had a net margin of 3.54% and a return on equity of 16.73%. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.47 billion. During the same quarter last year, the firm posted $4.83 earnings per share. The firm’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Casey’s General Stores, Inc. will post 13.94 earnings per share for the current year.

Casey’s General Stores Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Saturday, November 1st will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Friday, October 31st. Casey’s General Stores’s dividend payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CASY. The Goldman Sachs Group upped their price objective on Casey’s General Stores from $450.00 to $490.00 and gave the company a “neutral” rating in a research report on Wednesday, September 10th. KeyCorp upped their price target on Casey’s General Stores from $550.00 to $575.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Stephens reiterated an “overweight” rating and issued a $570.00 price objective on shares of Casey’s General Stores in a report on Wednesday, October 8th. Wells Fargo & Company initiated coverage on shares of Casey’s General Stores in a research note on Wednesday, October 15th. They set an “overweight” rating and a $610.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Casey’s General Stores in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Casey’s General Stores currently has a consensus rating of “Moderate Buy” and a consensus target price of $564.00.

Insider Buying and Selling

In related news, insider Chad Michael Frazell sold 3,487 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $555.40, for a total value of $1,936,679.80. Following the transaction, the insider directly owned 7,993 shares of the company’s stock, valued at approximately $4,439,312.20. This trade represents a 30.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.54% of the company’s stock.

Casey’s General Stores Profile

Casey’s General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.