GHP Investment Advisors Inc. Has $769,000 Position in Cass Information Systems, Inc. (NASDAQ:CASS)

GHP Investment Advisors Inc. trimmed its holdings in shares of Cass Information Systems, Inc. (NASDAQ:CASS) by 5.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,801 shares of the business services provider’s stock after selling 1,007 shares during the period. GHP Investment Advisors Inc.’s holdings in Cass Information Systems were worth $769,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Copeland Capital Management LLC bought a new stake in Cass Information Systems during the third quarter worth about $37,000. SG Americas Securities LLC bought a new stake in shares of Cass Information Systems during the 3rd quarter worth approximately $200,000. Creative Planning acquired a new stake in shares of Cass Information Systems in the 3rd quarter valued at approximately $205,000. Renaissance Technologies LLC acquired a new stake in shares of Cass Information Systems in the 2nd quarter valued at approximately $251,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Cass Information Systems by 27.9% in the third quarter. BNP Paribas Financial Markets now owns 6,387 shares of the business services provider’s stock valued at $265,000 after buying an additional 1,394 shares in the last quarter. 59.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler upped their price target on shares of Cass Information Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th.

Cass Information Systems Stock Performance

Shares of NASDAQ:CASS opened at $43.05 on Friday. Cass Information Systems, Inc. has a 52-week low of $37.99 and a 52-week high of $50.25. The company has a market capitalization of $584.19 million, a P/E ratio of 31.20 and a beta of 0.72. The company has a 50-day simple moving average of $41.91 and a 200 day simple moving average of $42.00.

Cass Information Systems (NASDAQ:CASS) last issued 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 return on equity of 8.25% and a net margin of 9.62%. As a group, equities analysts forecast that Cass Information Systems, Inc. will post 2.53 earnings per share for the current year.

Cass Information Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.24 annualized dividend and a dividend yield of 2.88%. 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.