Cass Information Systems, Inc. (NASDAQ:CASS) Shares Sold by Advisory Research Inc.

Advisory Research Inc. cut its stake in shares of Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 28.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,110 shares of the business services provider's stock after selling 16,615 shares during the quarter. Advisory Research Inc. owned approximately 0.31% of Cass Information Systems worth $1,723,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC raised its stake in Cass Information Systems by 364.9% during 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. JPMorgan Chase & Co. increased its holdings in Cass Information Systems by 140.9% in the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider's stock valued at $964,000 after buying an additional 13,593 shares in the last quarter. Geode Capital Management LLC increased its stake in Cass Information Systems by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider's stock valued at $14,693,000 after purchasing an additional 13,607 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Cass Information Systems during the 4th quarter worth $276,000. Finally, Towneley Capital Management Inc DE purchased a new position in Cass Information Systems during the 4th quarter valued at about $611,000. Hedge funds and other institutional investors own 59.08% of the company's stock.

Cass Information Systems Price Performance

Cass Information Systems stock traded up $0.68 during mid-day trading on Tuesday, hitting $40.12. 19,146 shares of the company were exchanged, compared to its average volume of 43,731. The company has a market capitalization of $540.15 million, a P/E ratio of 29.07 and a beta of 0.49. Cass Information Systems, Inc. has a 12-month low of $37.99 and a 12-month high of $47.14. The business's 50 day simple moving average is $42.41 and its two-hundred day simple moving average is $42.46.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.03. The business had revenue of $46.41 million during the quarter, compared to the consensus estimate of $51.49 million. Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%. Equities research analysts predict that Cass Information Systems, Inc. will post 2.62 earnings per share for the current year.

Cass Information Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Tuesday, June 3rd. Cass Information Systems's payout ratio is currently 81.58%.

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.