Arrowstreet Capital Limited Partnership Acquires 11,686 Shares of Cass Information Systems, Inc. (NASDAQ:CASS)

Arrowstreet Capital Limited Partnership increased its position in shares of Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 89,599 shares of the business services provider's stock after purchasing an additional 11,686 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.66% of Cass Information Systems worth $3,665,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. KLP Kapitalforvaltning AS acquired a new position in Cass Information Systems during the 4th quarter valued at about $114,000. Intech Investment Management LLC acquired a new stake in Cass Information Systems during the 4th quarter worth approximately $207,000. SG Americas Securities LLC lifted its position 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. BNP Paribas Financial Markets boosted its position in shares of Cass Information Systems by 27.9% during the third quarter. BNP Paribas Financial Markets now owns 6,387 shares of the business services provider's stock worth $265,000 after buying an additional 1,394 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Cass Information Systems in the fourth quarter valued at approximately $276,000. 59.08% of the stock is owned by institutional investors and hedge funds.

Cass Information Systems Price Performance

NASDAQ:CASS traded up $0.10 on Monday, hitting $39.39. 1,848 shares of the company's stock were exchanged, compared to its average volume of 41,907. The firm has a 50-day moving average price of $42.88 and a 200-day moving average price of $42.51. Cass Information Systems, Inc. has a 52 week low of $37.99 and a 52 week high of $47.14. The company has a market cap of $530.39 million, a P/E ratio of 28.39 and a beta of 0.49.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. On average, research analysts expect that Cass Information Systems, Inc. will post 2.62 earnings per share for the current fiscal year.

Cass Information Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend was Tuesday, March 4th. Cass Information Systems's payout ratio is 89.86%.

Cass Information Systems Profile

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.