Fenimore Asset Management Inc Has $13.75 Million Stock Position in Cass Information Systems, Inc. (NASDAQ:CASS)

Fenimore Asset Management Inc reduced its stake in shares of Cass Information Systems, Inc. (NASDAQ:CASS) by 0.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 336,032 shares of the business services provider’s stock after selling 390 shares during the period. Fenimore Asset Management Inc owned 2.48% of Cass Information Systems worth $13,747,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CASS. Renaissance Technologies LLC bought a new stake in Cass Information Systems during the second quarter valued at about $251,000. SG Americas Securities LLC acquired a new stake in Cass Information Systems in the 3rd quarter valued at $200,000. Creative Planning bought a new stake in Cass Information Systems in the third quarter valued at $205,000. Copeland Capital Management LLC acquired a new position in Cass Information Systems during the third quarter worth $37,000. Finally, Tributary Capital Management LLC boosted its position in Cass Information Systems by 5.3% in the third quarter. Tributary Capital Management LLC now owns 318,496 shares of the business services provider’s stock valued at $13,211,000 after buying an additional 15,919 shares in the last quarter. 59.08% of the stock is currently owned by institutional investors and hedge funds.

Cass Information Systems Stock Down 0.9 %

Shares of CASS stock opened at $41.10 on Friday. The firm has a market cap of $557.73 million, a PE ratio of 24.76 and a beta of 0.73. Cass Information Systems, Inc. has a 12 month low of $37.99 and a 12 month high of $50.25. The company’s fifty day simple moving average is $42.38 and its 200-day simple moving average is $42.02.

Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.10). Cass Information Systems had a return on equity of 9.92% and a net margin of 11.52%. On average, equities analysts predict that Cass Information Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler raised their price objective on shares of Cass Information Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, October 18th.

Cass Information Systems Company Profile

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.