Cass Information Systems, Inc. (NASDAQ:CASS) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its stake in Cass Information Systems, Inc. (NASDAQ:CASS) by 87.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 9,632 shares of the business services provider’s stock after purchasing an additional 4,484 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Cass Information Systems were worth $394,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Huntington National Bank grew its holdings in Cass Information Systems by 72.9% in the 4th quarter. Huntington National Bank now owns 690 shares of the business services provider’s stock valued at $28,000 after buying an additional 291 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Cass Information Systems by 1.1% during the 4th quarter. Rhumbline Advisers now owns 27,482 shares of the business services provider’s stock valued at $1,124,000 after acquiring an additional 303 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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. LPL Financial LLC increased its position in Cass Information Systems by 7.0% during the fourth quarter. LPL Financial LLC now owns 14,901 shares of the business services provider’s stock worth $610,000 after purchasing an additional 976 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in Cass Information Systems by 27.9% during the third quarter. BNP Paribas Financial Markets now owns 6,387 shares of the business services provider’s stock worth $265,000 after purchasing an additional 1,394 shares during the period. Hedge funds and other institutional investors own 59.08% of the company’s stock.

Cass Information Systems Price Performance

NASDAQ:CASS opened at $39.29 on Friday. The company’s 50-day moving average is $42.88 and its two-hundred day moving average is $42.50. Cass Information Systems, Inc. has a 1-year low of $37.99 and a 1-year high of $47.14. The firm has a market capitalization of $529.04 million, a price-to-earnings ratio of 28.47 and a beta of 0.49.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. As a group, equities analysts anticipate that Cass Information Systems, Inc. will post 2.62 earnings per share for the current fiscal year.

Cass Information Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date was Tuesday, March 4th. Cass Information Systems’s payout ratio is 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.