American Century Companies Inc. Has $3.59 Million Stock Position in Cass Information Systems, Inc. (NASDAQ:CASS)

American Century Companies Inc. cut its stake in shares of Cass Information Systems, Inc. (NASDAQ:CASS) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 87,675 shares of the business services provider’s stock after selling 1,760 shares during the quarter. American Century Companies Inc.’s holdings in Cass Information Systems were worth $3,587,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. First National Bank of Omaha increased its stake in shares of Cass Information Systems by 3.3% during the 3rd quarter. First National Bank of Omaha now owns 9,441 shares of the business services provider’s stock worth $392,000 after purchasing an additional 300 shares during the last quarter. Rhumbline Advisers increased its position in Cass Information Systems by 1.1% during the fourth quarter. Rhumbline Advisers now owns 27,482 shares of the business services provider’s stock worth $1,124,000 after buying an additional 303 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Cass Information Systems by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 104,325 shares of the business services provider’s stock valued at $4,268,000 after buying an additional 716 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Cass Information Systems by 27.9% in the third quarter. BNP Paribas Financial Markets now owns 6,387 shares of the business services provider’s stock valued at $265,000 after buying an additional 1,394 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Cass Information Systems by 30.5% during the 4th quarter. SG Americas Securities LLC now owns 6,295 shares of the business services provider’s stock worth $258,000 after acquiring an additional 1,470 shares during the period. 59.08% of the stock is currently owned by institutional investors.

Cass Information Systems Trading Up 0.0 %

CASS opened at $40.91 on Monday. The stock’s fifty day simple moving average is $43.13 and its 200 day simple moving average is $42.61. Cass Information Systems, Inc. has a 1-year low of $37.99 and a 1-year high of $49.16. The stock has a market cap of $550.85 million, a PE ratio of 29.65 and a beta of 0.67.

Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings data on Thursday, January 23rd. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.10). Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. Equities analysts forecast that Cass Information Systems, Inc. will post 2.62 earnings per share for the current year.

Cass Information Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Tuesday, March 4th. Cass Information Systems’s dividend payout ratio is presently 89.86%.

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.