Arrowstreet Capital Limited Partnership Boosts Stock Holdings in Cass Information Systems, Inc. (NASDAQ:CASS)

Arrowstreet Capital Limited Partnership boosted its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 89,599 shares of the business services provider’s stock after purchasing an additional 11,686 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.66% of Cass Information Systems worth $3,665,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Heartland Advisors Inc. lifted its holdings in shares of Cass Information Systems by 11.6% in the 4th quarter. Heartland Advisors Inc. now owns 416,947 shares of the business services provider’s stock valued at $17,057,000 after buying an additional 43,214 shares during the period. Geode Capital Management LLC boosted 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 in the last quarter. State Street Corp grew its stake in shares of Cass Information Systems by 0.8% during the 3rd quarter. State Street Corp now owns 319,177 shares of the business services provider’s stock worth $13,239,000 after purchasing an additional 2,466 shares during the period. Royce & Associates LP increased its holdings in shares of Cass Information Systems by 3.3% in the 4th quarter. Royce & Associates LP now owns 265,907 shares of the business services provider’s stock valued at $10,878,000 after purchasing an additional 8,568 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Cass Information Systems by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 104,325 shares of the business services provider’s stock valued at $4,268,000 after purchasing an additional 716 shares during the period. Hedge funds and other institutional investors own 59.08% of the company’s stock.

Cass Information Systems Trading Down 2.1 %

Shares of CASS opened at $39.19 on Wednesday. Cass Information Systems, Inc. has a twelve month low of $37.99 and a twelve month high of $49.16. The firm has a market capitalization of $527.69 million, a P/E ratio of 28.40 and a beta of 0.49. The firm’s 50-day moving average is $43.00 and its two-hundred day moving average is $42.54.

Cass Information Systems (NASDAQ:CASS) last released its quarterly 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%. 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 declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.16%. The ex-dividend date was Tuesday, March 4th. Cass Information Systems’s dividend payout ratio (DPR) 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.