1 week Ago By Defense World Staff
Wells Fargo & Company MN increased its holdings in shares of Cass Information Systems, Inc. ( NASDAQ:CASS – Free Report ) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 37,876 shares of the business services provider’s stock after acquiring an additional 2,810 shares during the quarter. Wells Fargo & Company MN owned about 0.28% of Cass Information Systems worth $1,549,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of Cass Information Systems by 364.9% during the 3rd quarter.
Barclays PLC now owns 21,938 shares of the business services provider’s stock worth $910,000 after acquiring an additional 17,219 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Cass Information Systems by 140.
9% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider’s stock valued at $964,000 after buying an additional 13,593 shares in the last quarter.
Geode Capital Management LLC grew its holdings in Cass Information Systems by 4.0% in 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 buying an additional 13,607 shares in the last quarter.
Raymond James Financial Inc. acquired a new position in Cass Information Systems in the 4th quarter valued at $276,000. Finally, Towneley Capital Management Inc DE acquired a new position in Cass Information Systems in the 4th quarter valued at $611,000.
59.08% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Separately, Piper Sandler decreased their price objective on Cass Information Systems from $47.
00 to $46.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Cass Information Systems Price Performance Shares of NASDAQ CASS opened at $40.
57 on Monday. The stock’s fifty day moving average price is $42.08 and its two-hundred day moving average price is $42.
47. Cass Information Systems, Inc. has a one year low of $37.
99 and a one year high of $47.14. The firm has a market cap of $546.
28 million, a price-to-earnings ratio of 29.40 and a beta of 0.49.
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 the consensus estimate of $0.
60 by $0.03. The company had revenue of $46.
41 million for the quarter, compared to analyst estimates of $51.49 million. Cass Information Systems had a return on equity of 8.
25% and a net margin of 9.62%. On average, 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 business also recently announced a quarterly dividend, which will be paid on Friday, June 13th.
Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.31 per share. This represents a $1.
24 annualized dividend and a dividend yield of 3.06%. The ex-dividend date of this dividend is Tuesday, June 3rd.
Cass Information Systems’s dividend payout ratio (DPR) is currently 81.58%. Cass Information Systems Company 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 Five stocks we like better than Cass Information Systems Stock Trading Terms – Stock Terms Every Investor Needs to Know Texas Instruments: Earnings Beat, Upbeat Guidance Fuel Recovery What Investors Need to Know to Beat the Market O’Reilly Automotive: An Anytime Buy for Buy-and-Hold Investors There Are Different Types of Stock To Invest In Chipotle Mexican Grill Serves Smoking Hot Entry Point in Q2 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 ). Receive News & Ratings for Cass Information Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cass Information Systems and related companies with MarketBeat.
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