Barclays PLC Has $910,000 Stock Holdings in Cass Information Systems, Inc. (NASDAQ:CASS)

Barclays PLC grew its stake in Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 364.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,938 shares of the business services provider's stock after acquiring an additional 17,219 shares during the quarter. Barclays PLC owned 0.16% of Cass Information Systems worth $910,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. First National Bank of Omaha boosted its position in shares of Cass Information Systems by 3.3% during the third quarter. First National Bank of Omaha now owns 9,441 shares of the business services provider's stock worth $392,000 after buying an additional 300 shares during the period. US Bancorp DE grew its position in Cass Information Systems by 5.4% in the third quarter. US Bancorp DE now owns 7,078 shares of the business services provider's stock valued at $294,000 after purchasing an additional 360 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Cass Information Systems by 2.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 32,147 shares of the business services provider's stock valued at $1,288,000 after buying an additional 808 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Cass Information Systems during the 3rd quarter worth about $37,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Cass Information Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,609 shares of the business services provider's stock worth $4,298,000 after buying an additional 1,148 shares during the last quarter. Institutional investors own 59.08% of the company's stock.

Cass Information Systems Stock Up 0.7 %

Shares of CASS stock traded up $0.28 on Tuesday, reaching $40.91. The stock had a trading volume of 24,164 shares, compared to its average volume of 41,220. Cass Information Systems, Inc. has a 12 month low of $37.99 and a 12 month high of $50.25. The firm has a market capitalization of $555.11 million, a price-to-earnings ratio of 24.64 and a beta of 0.72. The firm's 50-day moving average is $43.56 and its two-hundred day moving average is $42.05.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.29). The business had revenue of $50.55 million during the quarter, compared to analyst estimates of $48.99 million. Cass Information Systems had a net margin of 11.52% and a return on equity of 9.92%. On average, sell-side analysts forecast that Cass Information Systems, Inc. will post 1.48 earnings per share for the current fiscal year.

Cass Information Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Tuesday, December 3rd were issued a $0.31 dividend. This is an increase from Cass Information Systems's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cass Information Systems's payout ratio is currently 74.70%.

Analyst Ratings Changes

Separately, Piper Sandler lifted their target price on Cass Information Systems from $44.00 to $45.00 and gave the company an "overweight" rating in a research report on Friday, October 18th.

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.