Cass Information Systems, Inc (CASS) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC reduced its stake in shares of Cass Information Systems, Inc (NASDAQ:CASS) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,204 shares of the business services provider’s stock after selling 31 shares during the quarter. Citadel Advisors LLC owned about 0.06% of Cass Information Systems worth $407,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Cass Information Systems by 3.8% in the second quarter. Vanguard Group Inc. now owns 505,761 shares of the business services provider’s stock valued at $33,198,000 after buying an additional 18,387 shares during the period. Northern Trust Corp lifted its holdings in Cass Information Systems by 3.3% in the second quarter. Northern Trust Corp now owns 195,796 shares of the business services provider’s stock valued at $12,852,000 after buying an additional 6,277 shares during the period. WCM Investment Management CA lifted its holdings in Cass Information Systems by 1.4% in the second quarter. WCM Investment Management CA now owns 84,549 shares of the business services provider’s stock valued at $5,550,000 after buying an additional 1,205 shares during the period. Kennedy Capital Management Inc. lifted its holdings in Cass Information Systems by 71.0% in the second quarter. Kennedy Capital Management Inc. now owns 65,224 shares of the business services provider’s stock valued at $4,281,000 after buying an additional 27,083 shares during the period. Finally, Crawford Investment Counsel Inc. lifted its holdings in Cass Information Systems by 31.7% in the second quarter. Crawford Investment Counsel Inc. now owns 50,738 shares of the business services provider’s stock valued at $3,330,000 after buying an additional 12,208 shares during the period. 50.94% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cass Information Systems, Inc (CASS) opened at 65.64 on Wednesday. The firm has a market capitalization of $735.36 million, a price-to-earnings ratio of 29.17 and a beta of 1.17. The firm has a 50-day moving average of $61.96 and a 200 day moving average of $63.83. Cass Information Systems, Inc has a 12-month low of $52.69 and a 12-month high of $74.83.

Cass Information Systems (NASDAQ:CASS) last posted its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.58 EPS for the quarter. Cass Information Systems had a net margin of 19.63% and a return on equity of 11.92%. The company had revenue of $33.66 million for the quarter. On average, equities research analysts expect that Cass Information Systems, Inc will post $2.07 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, September 5th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, August 31st. Cass Information Systems’s dividend payout ratio is currently 40.71%.

Separately, BidaskClub upgraded shares of Cass Information Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, August 22nd.

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Cass Information Systems Profile

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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Institutional Ownership by Quarter for Cass Information Systems (NASDAQ:CASS)

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