Cass Information Systems, Inc. (NASDAQ:CASS) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,482 shares of the business services provider’s stock after purchasing an additional 303 shares during the period. Rhumbline Advisers’ holdings in Cass Information Systems were worth $1,124,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in shares of Cass Information Systems by 364.9% in the 3rd quarter. Barclays PLC now owns 21,938 shares of the business services provider’s stock worth $910,000 after buying an additional 17,219 shares in the last quarter. Foundry Partners LLC grew its holdings in Cass Information Systems by 12.1% during the third quarter. Foundry Partners LLC now owns 122,405 shares of the business services provider’s stock worth $5,077,000 after acquiring an additional 13,180 shares during the period. JPMorgan Chase & Co. raised its position in Cass Information Systems by 140.9% in the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider’s stock worth $964,000 after acquiring an additional 13,593 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cass Information Systems by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider’s stock valued at $14,693,000 after acquiring an additional 13,607 shares during the last quarter. Finally, Speece Thorson Capital Group Inc. lifted its holdings in Cass Information Systems by 37.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 305,495 shares of the business services provider’s stock valued at $12,672,000 after acquiring an additional 83,414 shares during the last quarter. 59.08% of the stock is currently owned by institutional investors and hedge funds.

Cass Information Systems Price Performance

Shares of CASS opened at $42.84 on Thursday. The firm’s 50 day moving average is $42.06 and its 200-day moving average is $42.44. Cass Information Systems, Inc. has a 12-month low of $37.99 and a 12-month high of $49.16. The stock has a market capitalization of $581.30 million, a P/E ratio of 31.04 and a beta of 0.72.

Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, January 23rd. The business services provider reported $0.33 earnings per share 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%. As a group, equities research analysts forecast that Cass Information Systems, Inc. will post 2.62 EPS for the current fiscal year.

Cass Information Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Tuesday, March 4th. Cass Information Systems’s dividend payout ratio is presently 89.86%.

About Cass Information Systems

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.