Cass Information Systems (NASDAQ:CASS) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Shares of Cass Information Systems, Inc (NASDAQ:CASS) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.19 and traded as high as $45.13. Cass Information Systems shares last traded at $44.71, with a volume of 58,364 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CASS shares. Weiss Ratings lowered shares of Cass Information Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 6th. Zacks Research raised shares of Cass Information Systems from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Raymond James Financial restated an “outperform” rating and set a $50.00 price target on shares of Cass Information Systems in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.00.

Cass Information Systems Stock Up 0.1%

The stock has a 50-day moving average of $44.06 and a 200 day moving average of $42.19. The stock has a market cap of $577.21 million, a PE ratio of 17.06 and a beta of 0.44.

Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, January 22nd. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.04. Cass Information Systems had a return on equity of 13.28% and a net margin of 18.41%.The company had revenue of $28.03 million during the quarter, compared to analysts’ expectations of $49.60 million. Research analysts forecast that Cass Information Systems, Inc will post 2.62 EPS for the current fiscal year.

Cass Information Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Tuesday, March 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Tuesday, March 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. Cass Information Systems’s dividend payout ratio is currently 48.85%.

Hedge Funds Weigh In On Cass Information Systems

A number of institutional investors have recently bought and sold shares of CASS. Kingdom Financial Group LLC. purchased a new stake in shares of Cass Information Systems in the 4th quarter valued at approximately $26,000. Triumph Capital Management purchased a new stake in shares of Cass Information Systems during the 3rd quarter valued at approximately $25,000. New York State Teachers Retirement System purchased a new stake in shares of Cass Information Systems during the 4th quarter valued at approximately $46,000. BNP Paribas Financial Markets lifted its holdings in Cass Information Systems by 50.7% in the second quarter. BNP Paribas Financial Markets now owns 1,227 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 413 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Cass Information Systems by 1,206.6% in the third quarter. Russell Investments Group Ltd. now owns 1,594 shares of the business services provider’s stock valued at $63,000 after acquiring an additional 1,472 shares during the last quarter. 59.08% of the stock is owned by hedge funds and other institutional investors.

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. The company also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions, as well as church management software solution and on-line platform to provide generosity services for faith-based and non-profit organizations.