Cass Information Systems, Inc. (NASDAQ:CASS) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lessened its stake in Cass Information Systems, Inc. (NASDAQ:CASS) by 45.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,119 shares of the business services provider’s stock after selling 13,578 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.12% of Cass Information Systems worth $659,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Hotchkis & Wiley Capital Management LLC bought a new position in Cass Information Systems during the 3rd quarter worth approximately $3,029,000. Barclays PLC raised its holdings 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 purchasing an additional 17,219 shares during the period. Towneley Capital Management Inc DE bought a new position in shares of Cass Information Systems in the 4th quarter worth about $611,000. Geode Capital Management LLC boosted its holdings in shares of 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 buying an additional 13,607 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Cass Information Systems by 140.9% during the 3rd 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 during the last quarter. Institutional investors own 59.08% of the company’s stock.

Cass Information Systems Stock Down 2.5 %

Shares of NASDAQ CASS opened at $42.48 on Monday. The stock has a market capitalization of $571.99 million, a P/E ratio of 30.78 and a beta of 0.67. The firm’s 50-day moving average price is $42.96 and its two-hundred day moving average price is $42.58. Cass Information Systems, Inc. has a 52-week low of $37.99 and a 52-week high of $49.16.

Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings data 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 return on equity of 8.25% and a net margin of 9.62%. As a group, equities research analysts expect that Cass Information Systems, Inc. will post 2.62 earnings per share for the current year.

Cass Information Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Tuesday, March 4th were given a $0.31 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $1.24 annualized dividend and a yield of 2.92%. Cass Information Systems’s dividend payout ratio is presently 89.86%.

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.