Cass Information Systems, Inc. (NASDAQ:CASS) Stock Sold by Strs Ohio


Strs Ohio decreased its position in shares of Cass Information Systems, Inc. (NASDAQ: CASS – Get Rating) by 2.0% in the first quarter, according to its most recent Form 13F filed with the Securities & Exchange Commission. The company held 19,200 shares of the business services provider after selling 400 shares during the quarter. Strs Ohio owned 0.14% of Cass Information Systems worth $708,000 when it last filed with the SEC.

Other institutional investors and hedge funds have also recently changed their stakes in the company. GSA Capital Partners LLP acquired a new stake in shares of Cass Information Systems during the fourth quarter at a value of approximately $826,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Cass Information Systems during the fourth quarter valued at approximately $260,000. GHP Investment Advisors Inc. increased its holdings of Cass Information Systems shares by 3.6% during the fourth quarter. GHP Investment Advisors Inc. now owns 82,622 shares of the business services provider worth $3,249,000 after purchasing an additional 2,909 shares during the period. Roubaix Capital LLC acquired a new position in Cass Information Systems during the first quarter worth approximately $1,385,000. Finally, Commerce Bank increased its position in Cass Information Systems by 23.3% during the fourth quarter. Commerce Bank now owns 58,532 shares of the business services provider valued at $2,302,000 after acquiring 11,071 additional shares last quarter. Institutional investors and hedge funds hold 59.92% of the company’s shares.

Analyst upgrades and downgrades

Separately, StockNews.com began covering Cass Information Systems in a research report on Thursday, March 31. They set a “buy” rating for the company.

Cass Information Systems grew by 3.9%

Shares of CASS opened at $34.59 on Friday. The stock has a 50-day moving average of $33.88 and a 200-day moving average of $37.60. The stock has a market capitalization of $472.15 million, a P/E ratio of 15.37 and a beta of 0.58. Cass Information Systems, Inc. has a 12-month low of $31.84 and a 12-month high of $46.26.

Cass Information Systems (NASDAQ:CASS – Get Rating) last reported quarterly results on Thursday, April 14. The business services provider reported earnings per share of $0.60 for the quarter. The company had revenue of $42.10 million in the quarter. Cass Information Systems has a return on equity of 13.23% and a net margin of 18.99%.

Cass Information Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Friday, June 3 received a dividend of $0.28. This represents a dividend of $1.12 on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Thursday, June 2. Cass Information Systems’ dividend payout ratio (DPR) is currently 49.78%.

About Cass Information Systems

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Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution and retail businesses in the United States. It operates through two segments, Information Services and Banking Services. The Company’s services include freight bill valuation, payment processing, auditing, and generation of accounting and transportation information.

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Institutional ownership by quarter for Cass Information Systems (NASDAQ:CASS)



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