6 days Ago By Defense World Staff
Legal & General Group Plc reduced its stake in Cass Information Systems, Inc. (NASDAQ:CASS – Free Report) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 13,291 shares of the business services provider’s stock after selling 647 shares during the period. Legal & General Group Plc owned 0.10% of Cass Information Systems worth $544,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. Huntington National Bank grew its stake in Cass Information Systems by 72.9% during the 4th quarter.
Huntington National Bank now owns 690 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 291 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Cass Information Systems in the 4th quarter worth $114,000. Intech Investment Management LLC bought a new stake in Cass Information Systems in the 4th quarter valued at $207,000.
SG Americas Securities LLC raised its holdings in Cass Information Systems by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 6,295 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 1,470 shares in the last quarter.
Finally, Raymond James Financial Inc. acquired a new position in shares of Cass Information Systems in the fourth quarter valued at $276,000. 59.
08% of the stock is currently owned by institutional investors and hedge funds. Cass Information Systems Stock PerformanceShares of Cass Information Systems stock opened at $41.07 on Tuesday.
The stock has a market capitalization of $553.01 million, a price-to-earnings ratio of 29.76 and a beta of 0.
49. The firm has a fifty day moving average of $42.01 and a two-hundred day moving average of $42.
46. Cass Information Systems, Inc. has a 52 week low of $37.
99 and a 52 week high of $47.14. Cass Information Systems (NASDAQ:CASS – Get Free Report) last released its earnings results on Thursday, April 17th.
The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.
03. Cass Information Systems had a return on equity of 8.25% and a net margin of 9.
62%. The firm had revenue of $46.41 million during the quarter, compared to analysts’ expectations of $51.
49 million. As a group, research analysts forecast that Cass Information Systems, Inc. will post 2.
62 EPS for the current fiscal year. Cass Information Systems Dividend AnnouncementThe business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be given a $0.
31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.
02%. The ex-dividend date is Tuesday, June 3rd. Cass Information Systems’s payout ratio is presently 81.
58%. Analyst Upgrades and DowngradesSeparately, Piper Sandler lowered their target price on shares of Cass Information Systems from $47.00 to $46.
00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd.Read Our Latest Stock Report on Cass Information SystemsCass Information Systems Profile (Free Report)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.Further ReadingFive stocks we like better than Cass Information SystemsStock Market Sectors: What Are They and How Many Are There? Best Defense Stocks in 2025..
. So FarBest Aerospace Stocks Investing Alphabet Rebounds After Strong Earnings and Buyback AnnouncementWhat does consumer price index measure? Could Selling Taiwan Semiconductor Be Buffett’s Biggest Regret?Want to see what other hedge funds are holding CASS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cass Information Systems, Inc.
(NASDAQ:CASS – Free Report)..
