Cass Information Systems, Inc. (NASDAQ:CASS) Shares Sold by Boston Partners

Boston Partners decreased its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 1.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,549 shares of the business services provider’s stock after selling 695 shares during the quarter. Boston Partners owned about 0.40% of Cass Information Systems worth $2,232,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Barclays PLC lifted 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 acquiring an additional 17,219 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Cass Information Systems by 12.1% in the 3rd quarter. Foundry Partners LLC now owns 122,405 shares of the business services provider’s stock worth $5,077,000 after purchasing an additional 13,180 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Cass Information Systems by 140.9% during the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider’s stock valued at $964,000 after purchasing an additional 13,593 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Cass Information Systems by 4.0% during 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 in the last quarter. Finally, SG Americas Securities LLC grew its position in 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 worth $258,000 after buying an additional 1,470 shares during the last quarter. Institutional investors own 59.08% of the company’s stock.

Cass Information Systems Stock Performance

Shares of NASDAQ:CASS opened at $42.86 on Friday. The company has a market capitalization of $577.11 million, a PE ratio of 31.06 and a beta of 0.67. The stock has a fifty day moving average of $42.64 and a 200-day moving average of $42.48. Cass Information Systems, Inc. has a one year low of $37.99 and a one year high of $49.16.

Cass Information Systems (NASDAQ:CASS) last announced its 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%. As a group, research analysts forecast that Cass Information Systems, Inc. will post 2.62 EPS for the current fiscal year.

Cass Information Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Tuesday, March 4th. Cass Information Systems’s payout ratio 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.