Swiss National Bank raised its holdings in shares of Cass Information Systems (NASDAQ:CASS) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,460 shares of the business services provider’s stock after buying an additional 1,860 shares during the period. Swiss National Bank owned about 0.17% of Cass Information Systems worth $1,191,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in CASS. Parametric Portfolio Associates LLC raised its stake in Cass Information Systems by 10.9% in the second quarter. Parametric Portfolio Associates LLC now owns 6,606 shares of the business services provider’s stock worth $434,000 after buying an additional 648 shares in the last quarter. State Street Corp raised its stake in Cass Information Systems by 4.3% in the second quarter. State Street Corp now owns 207,639 shares of the business services provider’s stock worth $13,629,000 after buying an additional 8,522 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Cass Information Systems by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 8,561 shares of the business services provider’s stock worth $562,000 after buying an additional 25 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Cass Information Systems in the third quarter worth approximately $487,000. Finally, Bank of New York Mellon Corp raised its stake in Cass Information Systems by 2.8% in the third quarter. Bank of New York Mellon Corp now owns 147,782 shares of the business services provider’s stock worth $9,375,000 after buying an additional 4,024 shares in the last quarter. Institutional investors and hedge funds own 53.32% of the company’s stock.
Separately, BidaskClub raised shares of Cass Information Systems from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 3rd.
Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported $0.58 earnings per share (EPS) for the quarter. The business had revenue of $35.05 million for the quarter. Cass Information Systems had a return on equity of 12.14% and a net margin of 18.49%.
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Monday, March 5th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Friday, March 2nd. Cass Information Systems’s payout ratio is presently 47.50%.
In other Cass Information Systems news, Director Ralph W. Clermont purchased 1,000 shares of Cass Information Systems stock in a transaction dated Tuesday, February 6th. The shares were acquired at an average cost of $55.39 per share, with a total value of $55,390.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.91% of the company’s stock.
About Cass Information Systems
Cass Information Systems, Inc (Cass) is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Company provides transportation invoice rating, payment processing, auditing, accounting and transportation information.
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