Uniplan Investment Counsel Inc. Buys 48,516 Shares of Cass Information Systems, Inc $CASS

Key Points

• Uniplan Investment Counsel Inc. raised its holdings in Cass Information Systems by 114.4%, owning 90,919 shares valued at approximately $3.93 million.
• Cass Information Systems declared a quarterly dividend of $0.31, representing a yield of 2.9%, with the ex-dividend date set for September 5th.
• The company reported Q2 earnings of $0.38 EPS, missing estimates, and had a consensus target price from analysts at $48.00, with a consensus rating of "Buy."

Uniplan Investment Counsel Inc. increased its position in Cass Information Systems, Inc (NASDAQ:CASS - Free Report) by 114.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,919 shares of the business services provider's stock after purchasing an additional 48,516 shares during the period. Uniplan Investment Counsel Inc. owned approximately 0.68% of Cass Information Systems worth $3,932,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CASS. Vanguard Group Inc. increased its stake in Cass Information Systems by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 801,473 shares of the business services provider's stock valued at $34,664,000 after purchasing an additional 4,504 shares in the last quarter. Heartland Advisors Inc. grew its holdings in shares of Cass Information Systems by 13.7% during the first quarter. Heartland Advisors Inc. now owns 473,926 shares of the business services provider's stock valued at $20,497,000 after buying an additional 56,979 shares during the last quarter. Fenimore Asset Management Inc increased its position in shares of Cass Information Systems by 0.8% during the first 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 in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in Cass Information Systems by 92.0% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 141,770 shares of the business services provider's stock worth $6,132,000 after acquiring an additional 67,950 shares during the last quarter. Finally, Northern Trust Corp lifted its position in Cass Information Systems by 3.7% in 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 in the last quarter. 59.08% of the stock is owned by hedge funds and other institutional investors.

Cass Information Systems Trading Down 1.2%

CASS stock traded down $0.52 during trading on Friday, reaching $43.00. The stock had a trading volume of 7,302 shares, compared to its average volume of 52,256. Cass Information Systems, Inc has a 52 week low of $38.01 and a 52 week high of $47.14. The stock's 50 day moving average is $42.87 and its two-hundred day moving average is $42.45. The firm has a market cap of $568.29 million, a PE ratio of 23.11 and a beta of 0.45.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last posted its earnings results on Thursday, July 17th. The business services provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.34). Cass Information Systems had a net margin of 13.22% and a return on equity of 9.02%. The firm had revenue of $44.40 million during the quarter, compared to the consensus estimate of $48.12 million. On average, research analysts anticipate that Cass Information Systems, Inc will post 2.62 EPS for the current year.

Cass Information Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, September 5th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $1.24 annualized dividend and a dividend yield of 2.9%. Cass Information Systems's dividend payout ratio (DPR) is 66.67%.

Wall Street Analyst Weigh In

Several research firms recently commented on CASS. Raymond James Financial began coverage on Cass Information Systems in a research report on Tuesday, July 15th. They set an "outperform" rating and a $50.00 price objective on the stock. Wall Street Zen raised Cass Information Systems from a "sell" rating to a "hold" rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Cass Information Systems presently has a consensus rating of "Buy" and an average price target of $48.00.

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.