New Century Advisors LLC Acquires Shares of 732 Cass Information Systems, Inc. (NASDAQ:CASS)

New Century Advisors LLC bought a new position in Cass Information Systems, Inc. (NASDAQ:CASSGet Rating) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 732 shares of the business services provider’s stock, valued at approximately $29,000.

Several other hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Cass Information Systems by 239.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,560 shares of the business services provider’s stock valued at $179,000 after acquiring an additional 3,215 shares during the last quarter. Strs Ohio increased its position in shares of Cass Information Systems by 276.9% during the 4th quarter. Strs Ohio now owns 19,600 shares of the business services provider’s stock valued at $770,000 after purchasing an additional 14,400 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Cass Information Systems by 7.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 134,176 shares of the business services provider’s stock worth $5,616,000 after purchasing an additional 9,491 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Cass Information Systems by 77.6% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,423 shares of the business services provider’s stock worth $185,000 after purchasing an additional 1,932 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of Cass Information Systems during the 3rd quarter worth $225,000. Institutional investors own 58.00% of the company’s stock.

A number of equities research analysts have recently commented on CASS shares. StockNews.com started coverage on Cass Information Systems in a research note on Thursday, March 31st. They set a “buy” rating on the stock. TheStreet cut Cass Information Systems from a “b” rating to a “c+” rating in a research note on Wednesday, December 29th.

Shares of NASDAQ CASS traded up $0.27 during mid-day trading on Monday, reaching $40.22. 43,982 shares of the company’s stock were exchanged, compared to its average volume of 59,942. The firm has a market cap of $549.41 million, a price-to-earnings ratio of 18.93 and a beta of 0.70. Cass Information Systems, Inc. has a 52 week low of $35.96 and a 52 week high of $48.21. The stock has a 50-day moving average price of $39.44.

Cass Information Systems (NASDAQ:CASSGet Rating) last announced its quarterly earnings data on Thursday, January 27th. The business services provider reported $0.55 earnings per share (EPS) for the quarter. Cass Information Systems had a return on equity of 11.85% and a net margin of 18.72%. The business had revenue of $39.95 million for the quarter.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Investors of record on Friday, March 4th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, March 3rd. Cass Information Systems’s dividend payout ratio is currently 53.08%.

Cass Information Systems Profile (Get Rating)

Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.

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Institutional Ownership by Quarter for Cass Information Systems (NASDAQ:CASS)

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