Teacher Retirement System of Texas Cuts Stock Position in Cass Information Systems, Inc. (NASDAQ:CASS)

Teacher Retirement System of Texas lessened its holdings in shares of Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 45.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,119 shares of the business services provider's stock after selling 13,578 shares during the period. Teacher Retirement System of Texas owned 0.12% of Cass Information Systems worth $659,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Cass Information Systems during the 3rd quarter valued at about $3,029,000. Barclays PLC boosted its holdings in Cass Information Systems by 364.9% in the 3rd quarter. Barclays PLC now owns 21,938 shares of the business services provider's stock valued at $910,000 after purchasing an additional 17,219 shares during the last quarter. Towneley Capital Management Inc DE acquired a new position in Cass Information Systems in the 4th quarter valued at about $611,000. Geode Capital Management LLC grew its stake in shares of Cass Information Systems by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider's stock valued at $14,693,000 after buying an additional 13,607 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of Cass Information Systems by 140.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider's stock worth $964,000 after buying an additional 13,593 shares during the last quarter. Institutional investors and hedge funds own 59.08% of the company's stock.

Cass Information Systems Price Performance

CASS traded down $2.54 during trading hours on Thursday, reaching $40.90. The company's stock had a trading volume of 47,744 shares, compared to its average volume of 41,660. The stock has a market cap of $550.72 million, a PE ratio of 29.64 and a beta of 0.67. Cass Information Systems, Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $49.16. The business's 50-day moving average is $43.13 and its 200-day moving average is $42.60.

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

Cass Information Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.24 annualized dividend and a dividend yield of 3.03%. Cass Information Systems's dividend payout ratio is currently 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.