Two Sigma Advisers LP Sells 1,800 Shares of Cass Information Systems, Inc. (NASDAQ:CASS)

Two Sigma Advisers LP decreased its holdings in Cass Information Systems, Inc. (NASDAQ:CASS) by 11.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,949 shares of the business services provider’s stock after selling 1,800 shares during the quarter. Two Sigma Advisers LP owned approximately 0.10% of Cass Information Systems worth $571,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CASS. Huntington National Bank raised its position in Cass Information Systems by 72.9% in the 4th quarter. Huntington National Bank now owns 690 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 291 shares during the last quarter. Aquatic Capital Management LLC bought a new position in Cass Information Systems in the 4th quarter valued at $44,000. KLP Kapitalforvaltning AS bought a new position in Cass Information Systems in the 4th quarter valued at $114,000. Intech Investment Management LLC bought a new position in Cass Information Systems in the 4th quarter valued at $207,000. Finally, SG Americas Securities LLC raised its position in 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 purchasing an additional 1,470 shares during the last quarter. Institutional investors own 59.08% of the company’s stock.

Analyst Ratings Changes

Separately, Piper Sandler cut their price objective on Cass Information Systems from $47.00 to $46.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd.

Cass Information Systems Stock Performance

NASDAQ CASS opened at $42.28 on Wednesday. The stock has a fifty day moving average of $41.52 and a 200-day moving average of $42.34. The stock has a market capitalization of $564.86 million, a P/E ratio of 30.64 and a beta of 0.43. Cass Information Systems, Inc. has a 52 week low of $37.99 and a 52 week high of $47.14.

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

Cass Information Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be paid a $0.31 dividend. The ex-dividend date is Tuesday, June 3rd. This represents a $1.24 annualized dividend and a dividend yield of 2.93%. Cass Information Systems’s dividend payout ratio (DPR) is currently 81.58%.

Cass Information Systems 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.