Cass Information Systems, Inc. (NASDAQ:CASS) Holdings Raised by Royce & Associates LP

Royce & Associates LP lifted its holdings in shares of Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 265,907 shares of the business services provider's stock after buying an additional 8,568 shares during the period. Royce & Associates LP owned 1.96% of Cass Information Systems worth $10,878,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in shares of Cass Information Systems by 7.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 34,339 shares of the business services provider's stock valued at $1,405,000 after purchasing an additional 2,252 shares during the last quarter. Raymond James Financial Inc. bought a new position in Cass Information Systems during the 4th quarter worth $276,000. Charles Schwab Investment Management Inc. grew its stake in Cass Information Systems by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 104,325 shares of the business services provider's stock worth $4,268,000 after buying an additional 716 shares during the last quarter. Bank of New York Mellon Corp increased its position in Cass Information Systems by 7.7% in the fourth quarter. Bank of New York Mellon Corp now owns 87,456 shares of the business services provider's stock worth $3,578,000 after buying an additional 6,236 shares during the period. Finally, Rhumbline Advisers lifted its stake in Cass Information Systems by 1.1% in the fourth quarter. Rhumbline Advisers now owns 27,482 shares of the business services provider's stock valued at $1,124,000 after buying an additional 303 shares during the last quarter. Institutional investors and hedge funds own 59.08% of the company's stock.

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Cass Information Systems Stock Performance

Shares of CASS traded down $0.84 during midday trading on Friday, hitting $42.86. 104,926 shares of the stock traded hands, compared to its average volume of 40,715. Cass Information Systems, Inc. has a 1-year low of $37.99 and a 1-year high of $49.16. The business's 50 day moving average price is $42.56 and its two-hundred day moving average price is $42.49. The firm has a market capitalization of $577.11 million, a PE ratio of 31.06 and a beta of 0.67.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last posted its earnings results on Thursday, January 23rd. The business services provider reported $0.33 earnings per share (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%. As a group, equities research analysts forecast that Cass Information Systems, Inc. will post 2.62 EPS for the current fiscal year.

Cass Information Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Tuesday, March 4th. Cass Information Systems's dividend payout ratio (DPR) 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.