Cass Information Systems (NASDAQ:CASS) Stock Price Passes Below Two Hundred Day Moving Average - What's Next?

Cass Information Systems, Inc. (NASDAQ:CASS - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.47 and traded as low as $42.09. Cass Information Systems shares last traded at $42.68, with a volume of 39,378 shares.

Cass Information Systems Stock Performance

The company has a 50-day moving average price of $42.37 and a 200-day moving average price of $42.47. The firm has a market capitalization of $583.57 million, a P/E ratio of 31.41 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 the consensus estimate of $0.43 by ($0.10). Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%. Equities analysts predict that Cass Information Systems, Inc. will post 2.62 EPS for the current year.

Cass Information Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a $0.31 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.24 annualized dividend and a dividend yield of 2.86%. Cass Information Systems's dividend payout ratio (DPR) is currently 89.86%.

Hedge Funds Weigh In On Cass Information Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its stake in shares of Cass Information Systems by 72.9% during the 4th quarter. Huntington National Bank now owns 690 shares of the business services provider's stock worth $28,000 after buying an additional 291 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Cass Information Systems during the 4th quarter worth approximately $44,000. KLP Kapitalforvaltning AS bought a new stake in shares of Cass Information Systems during the 4th quarter worth approximately $114,000. Intech Investment Management LLC acquired a new stake in shares of Cass Information Systems in the 4th quarter valued at approximately $207,000. Finally, SG Americas Securities LLC grew its stake in shares of Cass Information Systems by 30.5% in the fourth quarter. SG Americas Securities LLC now owns 6,295 shares of the business services provider's stock valued at $258,000 after buying an additional 1,470 shares in the last quarter. 59.08% of the stock is owned by institutional investors and hedge funds.

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Cass Information Systems Company 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.