2 weeks Ago By Defense World Staff
JPMorgan Chase & Co. boosted its holdings in shares of Cass Information Systems, Inc. (NASDAQ:CASS – Free Report) by 91.
1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,418 shares of the business services provider’s stock after acquiring an additional 21,177 shares during the period. JPMorgan Chase & Co.
owned about 0.33% of Cass Information Systems worth $1,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors have also added to or reduced their stakes in the company.
Barclays PLC boosted its stake in shares of Cass Information Systems by 364.9% during the third quarter. Barclays PLC now owns 21,938 shares of the business services provider’s stock valued at $910,000 after purchasing an additional 17,219 shares in the last quarter.
Geode Capital Management LLC boosted its position in 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 valued at $14,693,000 after acquiring an additional 13,607 shares in the last quarter.
Raymond James Financial Inc. purchased a new position in shares of Cass Information Systems in the 4th quarter valued at $276,000. Towneley Capital Management Inc DE bought a new position in shares of Cass Information Systems in the 4th quarter worth $611,000.
Finally, SG Americas Securities LLC lifted its stake in shares of Cass Information Systems by 30.5% during the 4th quarter. SG Americas Securities LLC now owns 6,295 shares of the business services provider’s stock worth $258,000 after purchasing an additional 1,470 shares during the last quarter.
Hedge funds and other institutional investors own 59.08% of the company’s stock. Cass Information Systems Stock Up 1.
0 %NASDAQ:CASS opened at $41.06 on Friday. The stock has a market capitalization of $552.
87 million, a price-to-earnings ratio of 29.75 and a beta of 0.49.
Cass Information Systems, Inc. has a 52 week low of $37.99 and a 52 week high of $47.
14. The firm has a 50 day moving average of $42.17 and a 200 day moving average of $42.
44. Cass Information Systems (NASDAQ:CASS – Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The business services provider reported $0.
63 EPS for the quarter, beating 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 company had revenue of $46.41 million during the quarter, compared to analysts’ expectations of $51.49 million.
As a group, analysts expect that Cass Information Systems, Inc. will post 2.62 EPS for the current year.
Cass Information Systems Announces DividendThe business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Tuesday, June 3rd will be given a $0.31 dividend.
The ex-dividend date of this dividend is Tuesday, June 3rd. This represents a $1.24 annualized dividend and a yield of 3.
02%. Cass Information Systems’s dividend payout ratio is presently 81.58%.
Wall Street Analysts Forecast GrowthSeparately, Piper Sandler cut their target price on Cass Information Systems from $47.00 to $46.00 and set an “overweight” rating on the stock in a research note on Wednesday.
View Our Latest Research Report on Cass Information SystemsAbout Cass Information Systems (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.
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