Cass Information Systems, Inc. (NASDAQ:CASS) Shares Sold by AlphaQuest LLC

AlphaQuest LLC lowered its stake in Cass Information Systems, Inc. (NASDAQ:CASS) by 68.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,104 shares of the business services provider’s stock after selling 4,597 shares during the period. AlphaQuest LLC’s holdings in Cass Information Systems were worth $86,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CASS. First National Bank of Omaha raised its holdings in Cass Information Systems by 3.3% in the third quarter. First National Bank of Omaha now owns 9,441 shares of the business services provider’s stock valued at $392,000 after acquiring an additional 300 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Cass Information Systems by 1.1% in the 4th quarter. Rhumbline Advisers now owns 27,482 shares of the business services provider’s stock valued at $1,124,000 after purchasing an additional 303 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cass Information Systems by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 104,325 shares of the business services provider’s stock worth $4,268,000 after purchasing an additional 716 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in Cass Information Systems by 27.9% in the third quarter. BNP Paribas Financial Markets now owns 6,387 shares of the business services provider’s stock valued at $265,000 after buying an additional 1,394 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in Cass Information Systems by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 6,295 shares of the business services provider’s stock valued at $258,000 after buying an additional 1,470 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 opened at $43.42 on Wednesday. Cass Information Systems, Inc. has a one year low of $37.99 and a one year high of $49.16. The company has a market cap of $584.65 million, a P/E ratio of 31.46 and a beta of 0.67. The business’s 50-day simple moving average is $42.47 and its 200-day simple moving average is $42.47.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings data 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, analysts predict that Cass Information Systems, Inc. will post 2.62 earnings per share 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 $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 2.86%. 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.