Commonwealth Equity Services LLC Raises Holdings in Cass Information Systems, Inc. (NASDAQ:CASS)

Commonwealth Equity Services LLC increased its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 7.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 34,339 shares of the business services provider’s stock after purchasing an additional 2,252 shares during the period. Commonwealth Equity Services LLC owned 0.25% of Cass Information Systems worth $1,405,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Cass Information Systems by 4.0% in the third 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 during the period. State Street Corp grew its holdings in shares of Cass Information Systems by 0.8% during the third quarter. State Street Corp now owns 319,177 shares of the business services provider’s stock worth $13,239,000 after buying an additional 2,466 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Cass Information Systems by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 104,325 shares of the business services provider’s stock valued at $4,268,000 after acquiring an additional 716 shares during the period. Bank of New York Mellon Corp raised its stake in Cass Information Systems by 7.7% during the 4th quarter. Bank of New York Mellon Corp now owns 87,456 shares of the business services provider’s stock valued at $3,578,000 after acquiring an additional 6,236 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC acquired a new stake in Cass Information Systems during the 3rd quarter worth approximately $3,029,000. 59.08% of the stock is owned by institutional investors and hedge funds.

Cass Information Systems Trading Down 2.5 %

NASDAQ:CASS opened at $42.48 on Monday. Cass Information Systems, Inc. has a 12-month low of $37.99 and a 12-month high of $49.16. The stock’s 50 day simple moving average is $42.96 and its 200-day simple moving average is $42.58. The firm has a market cap of $571.99 million, a P/E ratio of 30.78 and a beta of 0.67.

Cass Information Systems (NASDAQ:CASS) last posted its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. Research analysts forecast that Cass Information Systems, Inc. will post 2.62 EPS for the current fiscal year.

Cass Information Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.92%. Cass Information Systems’s dividend payout ratio (DPR) is 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.