6 days Ago By ABMN Staff
Legal & General Group Plc lessened its holdings in Cass Information Systems, Inc. ( NASDAQ:CASS – Free Report ) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 13,291 shares of the business services provider’s stock after selling 647 shares during the period. Legal & General Group Plc’s holdings in Cass Information Systems were worth $544,000 at the end of the most recent quarter. Other institutional investors and hedge funds have also recently made changes to their positions in the company.
Envestnet Asset Management Inc. increased its position in Cass Information Systems by 4.5% during the 4th quarter.
Envestnet Asset Management Inc. now owns 47,205 shares of the business services provider’s stock worth $1,931,000 after purchasing an additional 2,025 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Cass Information Systems by 8.
0% during the fourth quarter. Wells Fargo & Company MN now owns 37,876 shares of the business services provider’s stock worth $1,549,000 after buying an additional 2,810 shares in the last quarter. ExodusPoint Capital Management LP lifted its stake in shares of Cass Information Systems by 87.
1% in the 4th quarter. ExodusPoint Capital Management LP now owns 9,632 shares of the business services provider’s stock valued at $394,000 after acquiring an additional 4,484 shares during the last quarter. Huntington National Bank boosted its holdings in shares of 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. Finally, Arrowstreet Capital Limited Partnership grew its position in Cass Information Systems by 15.
0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 89,599 shares of the business services provider’s stock worth $3,665,000 after acquiring an additional 11,686 shares during the last quarter. Institutional investors own 59.
08% of the company’s stock. Analysts Set New Price Targets Separately, Piper Sandler cut their price target on Cass Information Systems from $47.00 to $46.
00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Cass Information Systems Price Performance CASS opened at $41.07 on Tuesday.
The company’s 50 day moving average price is $42.01 and its two-hundred day moving average price is $42.46.
The firm has a market capitalization of $553.01 million, a price-to-earnings ratio of 29.76 and a beta of 0.
49. Cass Information Systems, Inc. has a fifty-two week low of $37.
99 and a fifty-two week high of $47.14. Cass Information Systems ( NASDAQ:CASS – Get Free Report ) last posted its quarterly earnings data on Thursday, April 17th.
The business services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.
03. The business had revenue of $46.41 million during the quarter, compared to the consensus estimate of $51.
49 million. Cass Information Systems had a return on equity of 8.25% and a net margin of 9.
62%. As a group, equities research analysts predict that Cass Information Systems, Inc. will post 2.
62 EPS for the current year. Cass Information Systems Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Tuesday, June 3rd will be paid a $0.
31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.
02%. The ex-dividend date is Tuesday, June 3rd. Cass Information Systems’s dividend payout ratio is currently 81.
58%. Cass 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 Reading 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.
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