Barclays PLC Purchases 17,219 Shares of Cass Information Systems, Inc. (NASDAQ:CASS)

Barclays PLC boosted its position in Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 364.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,938 shares of the business services provider's stock after buying an additional 17,219 shares during the quarter. Barclays PLC owned approximately 0.16% of Cass Information Systems worth $910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Speece Thorson Capital Group Inc. boosted its stake in shares of Cass Information Systems by 37.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 305,495 shares of the business services provider's stock valued at $12,672,000 after purchasing an additional 83,414 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in Cass Information Systems during the third quarter valued at about $3,029,000. Tributary Capital Management LLC grew its stake in shares of Cass Information Systems by 5.3% during the third quarter. Tributary Capital Management LLC now owns 318,496 shares of the business services provider's stock valued at $13,211,000 after buying an additional 15,919 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Cass Information Systems by 4.0% in the third quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider's stock worth $14,693,000 after buying an additional 13,607 shares during the period. Finally, Foundry Partners LLC increased its holdings in shares of Cass Information Systems by 12.1% in the third quarter. Foundry Partners LLC now owns 122,405 shares of the business services provider's stock worth $5,077,000 after buying an additional 13,180 shares during the period. 59.08% of the stock is currently owned by institutional investors.

Cass Information Systems Stock Performance

NASDAQ:CASS traded up $1.01 during midday trading on Wednesday, reaching $40.47. 35,950 shares of the stock traded hands, compared to its average volume of 51,610. The stock has a market capitalization of $549.14 million, a P/E ratio of 24.38 and a beta of 0.73. The company has a fifty day moving average of $43.13 and a 200 day moving average of $42.04. Cass Information Systems, Inc. has a 12 month low of $37.99 and a 12 month high of $50.25.

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

Analysts Set New Price Targets

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

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.