Cass Information Systems, Inc. (NASDAQ:CASS) Position Boosted by Heartland Advisors Inc.

Heartland Advisors Inc. increased its stake in Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 416,947 shares of the business services provider's stock after acquiring an additional 43,214 shares during the period. Cass Information Systems makes up 0.9% of Heartland Advisors Inc.'s investment portfolio, making the stock its 26th largest position. Heartland Advisors Inc. owned about 3.07% of Cass Information Systems worth $17,057,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of CASS. First National Bank of Omaha boosted its position in Cass Information Systems by 3.3% in the 3rd quarter. First National Bank of Omaha now owns 9,441 shares of the business services provider's stock valued at $392,000 after buying an additional 300 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Cass Information Systems by 1.1% in the 4th 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 period. Charles Schwab Investment Management Inc. grew its holdings in shares of Cass Information Systems by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 104,325 shares of the business services provider's stock valued at $4,268,000 after purchasing an additional 716 shares during the last quarter. LPL Financial LLC grew its stake in Cass Information Systems by 7.0% during the 4th quarter. LPL Financial LLC now owns 14,901 shares of the business services provider's stock worth $610,000 after buying an additional 976 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in Cass Information Systems by 27.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,387 shares of the business services provider's stock worth $265,000 after purchasing an additional 1,394 shares during the last quarter. Institutional investors and hedge funds own 59.08% of the company's stock.

Cass Information Systems Stock Performance

Shares of NASDAQ:CASS traded up $0.09 on Tuesday, hitting $43.34. The company's stock had a trading volume of 9,134 shares, compared to its average volume of 41,525. Cass Information Systems, Inc. has a 12 month low of $37.99 and a 12 month high of $49.16. The company has a market capitalization of $583.51 million, a price-to-earnings ratio of 31.57 and a beta of 0.67. The stock's 50-day moving average is $43.02 and its two-hundred day moving average is $42.60.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 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%. Equities analysts expect that Cass Information Systems, Inc. will post 2.62 earnings per share for the current fiscal year.

Cass Information Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.31 per share. 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 89.86%.

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.