Cass Information Systems, Inc. (NASDAQ:CASS) Shares Acquired by Speece Thorson Capital Group Inc.

Speece Thorson Capital Group Inc. boosted its holdings in Cass Information Systems, Inc. (NASDAQ:CASS) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 328,937 shares of the business services provider’s stock after acquiring an additional 23,442 shares during the period. Cass Information Systems accounts for about 2.7% of Speece Thorson Capital Group Inc.’s portfolio, making the stock its 20th largest holding. Speece Thorson Capital Group Inc. owned approximately 2.42% of Cass Information Systems worth $13,457,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Cass Information Systems by 0.8% during the 3rd quarter. State Street Corp now owns 319,177 shares of the business services provider’s stock worth $13,239,000 after purchasing an additional 2,466 shares during the period. Barclays PLC lifted its position in Cass Information Systems by 364.9% in the third quarter. Barclays PLC now owns 21,938 shares of the business services provider’s stock valued at $910,000 after buying an additional 17,219 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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. JPMorgan Chase & Co. increased its position in shares of Cass Information Systems by 140.9% during the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider’s stock valued at $964,000 after acquiring an additional 13,593 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Cass Information Systems by 30.5% in the 4th quarter. SG Americas Securities LLC now owns 6,295 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 1,470 shares during the period. Institutional investors and hedge funds own 59.08% of the company’s stock.

Cass Information Systems Stock Performance

NASDAQ:CASS opened at $39.48 on Friday. Cass Information Systems, Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $47.14. The company has a 50 day moving average price of $42.51 and a 200 day moving average price of $42.45. The stock has a market capitalization of $531.60 million, a P/E ratio of 28.61 and a beta of 0.49.

Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings data on Thursday, April 17th. The business services provider reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%. The business had revenue of $46.41 million during the quarter, compared to analysts’ expectations of $51.49 million. Research analysts forecast that Cass Information Systems, Inc. will post 2.62 earnings per share for the current fiscal year.

Cass Information Systems Announces Dividend

The firm also recently declared 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 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 presently 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.