Keeley Teton Advisors LLC Reduces Holdings in Cass Information Systems, Inc. (NASDAQ:CASS)

Keeley Teton Advisors LLC decreased its holdings in Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 14.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,632 shares of the business services provider's stock after selling 13,579 shares during the period. Keeley Teton Advisors LLC owned about 0.59% of Cass Information Systems worth $3,299,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Heartland Advisors Inc. boosted its holdings in Cass Information Systems by 11.6% in the fourth quarter. Heartland Advisors Inc. now owns 416,947 shares of the business services provider's stock valued at $17,057,000 after purchasing an additional 43,214 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Cass Information Systems by 91.1% in the 4th quarter. JPMorgan Chase & Co. now owns 44,418 shares of the business services provider's stock valued at $1,817,000 after buying an additional 21,177 shares during the period. Barclays PLC grew its position in shares of Cass Information Systems by 364.9% during the third quarter. Barclays PLC now owns 21,938 shares of the business services provider's stock worth $910,000 after buying an additional 17,219 shares in the last quarter. Towneley Capital Management Inc DE acquired a new position in shares of Cass Information Systems during the fourth quarter worth about $611,000. Finally, Geode Capital Management LLC increased its stake in shares of Cass Information Systems by 4.0% during the third quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider's stock worth $14,693,000 after buying an additional 13,607 shares during the period. Hedge funds and other institutional investors own 59.08% of the company's stock.

Cass Information Systems Stock Down 0.5 %

Cass Information Systems stock traded down $0.20 during trading on Friday, reaching $39.48. The stock had a trading volume of 37,392 shares, compared to its average volume of 41,817. Cass Information Systems, Inc. has a 52-week low of $37.99 and a 52-week high of $47.14. The stock has a market cap of $531.60 million, a PE ratio of 28.61 and a beta of 0.49. The business has a 50 day moving average price of $42.51 and a 200 day moving average price of $42.45.

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

Cass Information Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.24 annualized dividend and a dividend yield of 3.14%. Cass Information Systems's dividend payout ratio is currently 89.86%.

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.