JPMorgan Chase & Co. Has $964,000 Holdings in Cass Information Systems, Inc. (NASDAQ:CASS)

JPMorgan Chase & Co. grew its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 140.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,241 shares of the business services provider’s stock after buying an additional 13,593 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.17% of Cass Information Systems worth $964,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Barclays PLC raised its position in Cass Information Systems by 364.9% during the third 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of Cass Information Systems by 4.0% during 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. First National Bank of Omaha raised its holdings in shares of Cass Information Systems by 3.3% during the 3rd quarter. First National Bank of Omaha now owns 9,441 shares of the business services provider’s stock valued at $392,000 after purchasing an additional 300 shares in the last quarter. State Street Corp lifted its stake in shares of Cass Information Systems by 0.8% in the 3rd quarter. State Street Corp now owns 319,177 shares of the business services provider’s stock valued at $13,239,000 after purchasing an additional 2,466 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in Cass Information Systems in the third quarter worth $3,029,000. 59.08% of the stock is owned by hedge funds and other institutional investors.

Cass Information Systems Stock Down 0.9 %

NASDAQ:CASS opened at $41.10 on Friday. The firm has a market capitalization of $557.73 million, a PE ratio of 24.76 and a beta of 0.73. Cass Information Systems, Inc. has a 12-month low of $37.99 and a 12-month high of $50.25. The firm has a 50-day moving average price of $42.38 and a 200 day moving average price of $42.03.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a net margin of 11.52% and a return on equity of 9.92%. On average, research analysts expect that Cass Information Systems, Inc. will post 1.5 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Piper Sandler raised their target price on shares of Cass Information Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Friday, October 18th.

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.