Speece Thorson Capital Group Inc. Sells 6,019 Shares of Cass Information Systems, Inc (NASDAQ:CASS)

Speece Thorson Capital Group Inc. decreased its position in Cass Information Systems, Inc (NASDAQ:CASS - Free Report) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 322,918 shares of the business services provider's stock after selling 6,019 shares during the period. Cass Information Systems makes up approximately 2.9% of Speece Thorson Capital Group Inc.'s holdings, making the stock its 17th biggest position. Speece Thorson Capital Group Inc. owned 2.40% of Cass Information Systems worth $13,966,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Heartland Advisors Inc. raised its position in Cass Information Systems by 11.6% in the 4th quarter. Heartland Advisors Inc. now owns 416,947 shares of the business services provider's stock worth $17,057,000 after buying an additional 43,214 shares during the last quarter. Fenimore Asset Management Inc lifted its stake in Cass Information Systems by 0.8% during the 1st quarter. Fenimore Asset Management Inc now owns 338,882 shares of the business services provider's stock valued at $14,657,000 after acquiring an additional 2,850 shares during the period. Royce & Associates LP lifted its stake in Cass Information Systems by 3.3% during the 4th quarter. Royce & Associates LP now owns 265,907 shares of the business services provider's stock valued at $10,878,000 after acquiring an additional 8,568 shares during the period. Northern Trust Corp lifted its stake in Cass Information Systems by 3.7% during the 4th quarter. Northern Trust Corp now owns 136,568 shares of the business services provider's stock valued at $5,587,000 after acquiring an additional 4,836 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in Cass Information Systems by 1.9% during the 4th quarter. Ameriprise Financial Inc. now owns 118,070 shares of the business services provider's stock valued at $4,830,000 after acquiring an additional 2,221 shares during the period. Institutional investors own 59.08% of the company's stock.

Cass Information Systems Price Performance

Shares of NASDAQ:CASS traded up $0.44 during trading on Wednesday, hitting $44.61. The company's stock had a trading volume of 67,339 shares, compared to its average volume of 46,196. The company has a 50-day moving average of $43.09 and a 200-day moving average of $42.27. Cass Information Systems, Inc has a 12 month low of $37.99 and a 12 month high of $47.14. The firm has a market cap of $595.99 million, a price-to-earnings ratio of 29.35 and a beta of 0.45.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.03. Cass Information Systems had a net margin of 10.71% and a return on equity of 8.84%. The firm had revenue of $46.41 million for the quarter, compared to analysts' expectations of $51.49 million. As a group, research analysts anticipate that Cass Information Systems, Inc will post 2.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CASS shares. Raymond James Financial started coverage on shares of Cass Information Systems in a research note on Tuesday. They set an "outperform" rating and a $50.00 target price on the stock. Piper Sandler lowered their target price on shares of Cass Information Systems from $47.00 to $46.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 23rd. Finally, Wall Street Zen upgraded shares of Cass Information Systems from a "sell" rating to a "hold" rating in a research note on Sunday.

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.