Advisory Research Inc. Has $1.72 Million Position in Cass Information Systems, Inc. (NASDAQ:CASS)

Advisory Research Inc. reduced its stake in shares of Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 28.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 42,110 shares of the business services provider's stock after selling 16,615 shares during the period. Advisory Research Inc. owned approximately 0.31% of Cass Information Systems worth $1,723,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CASS. Huntington National Bank lifted its stake 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 acquiring an additional 291 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Cass Information Systems by 1.1% in the fourth quarter. Rhumbline Advisers now owns 27,482 shares of the business services provider's stock worth $1,124,000 after purchasing an additional 303 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cass Information Systems by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 104,325 shares of the business services provider's stock worth $4,268,000 after purchasing an additional 716 shares during the last quarter. LPL Financial LLC increased its stake in Cass Information Systems by 7.0% in the 4th quarter. LPL Financial LLC now owns 14,901 shares of the business services provider's stock valued at $610,000 after buying an additional 976 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in 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 buying an additional 1,470 shares in the last quarter. Institutional investors own 59.08% of the company's stock.

Cass Information Systems Trading Down 0.5 %

Shares of NASDAQ CASS traded down $0.20 during mid-day trading on Friday, hitting $39.48. The company had a trading volume of 37,392 shares, compared to its average volume of 41,817. Cass Information Systems, Inc. has a one year low of $37.99 and a one year high of $47.14. The company has a market capitalization of $531.60 million, a PE ratio of 28.61 and a beta of 0.49. The firm has a 50-day simple moving average of $42.51 and a two-hundred day simple moving average of $42.45.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last announced 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 net margin of 9.62% and a return on equity of 8.25%. The firm had revenue of $46.41 million during the quarter, compared to analysts' expectations of $51.49 million. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, March 4th. Cass Information Systems's dividend 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.