Larson Financial Group LLC purchased a new position in Cass Information Systems (NASDAQ:CASS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,980 shares of the business services provider’s stock, valued at approximately $107,000.
Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in Cass Information Systems by 8.5% in the second quarter. Royal Bank of Canada now owns 3,738 shares of the business services provider’s stock worth $181,000 after purchasing an additional 293 shares in the last quarter. Aperio Group LLC acquired a new position in Cass Information Systems in the second quarter worth about $189,000. Susquehanna International Group LLP acquired a new position in Cass Information Systems in the second quarter worth about $234,000. AQR Capital Management LLC grew its stake in Cass Information Systems by 12.1% in the second quarter. AQR Capital Management LLC now owns 5,480 shares of the business services provider’s stock worth $266,000 after purchasing an additional 591 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Cass Information Systems by 41.1% in the second quarter. Bank of Montreal Can now owns 5,819 shares of the business services provider’s stock worth $283,000 after purchasing an additional 1,694 shares in the last quarter. Institutional investors and hedge funds own 54.21% of the company’s stock.
NASDAQ CASS traded up $0.87 during trading hours on Friday, reaching $52.75. The company’s stock had a trading volume of 2,198 shares, compared to its average volume of 39,338. The business has a 50-day simple moving average of $53.26 and a 200 day simple moving average of $49.03. Cass Information Systems has a 52 week low of $44.35 and a 52 week high of $60.68. The stock has a market cap of $753.59 million, a PE ratio of 25.39 and a beta of 0.58.
Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, July 25th. The business services provider reported $0.52 earnings per share (EPS) for the quarter. Cass Information Systems had a net margin of 19.85% and a return on equity of 13.07%. The firm had revenue of $39.39 million for the quarter.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd were issued a $0.26 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.04 dividend on an annualized basis and a yield of 1.97%.
Separately, BidaskClub raised shares of Cass Information Systems from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 7th.
Cass Information Systems Profile
Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.
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