Cass Information Systems (NASDAQ:CASS) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

Shares of Cass Information Systems, Inc. (NASDAQ:CASS) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $42.47 and traded as low as $42.09. Cass Information Systems shares last traded at $42.68, with a volume of 39,378 shares.

Cass Information Systems Stock Performance

The business has a 50 day moving average price of $42.30 and a two-hundred day moving average price of $42.47. The company has a market cap of $574.69 million, a P/E ratio of 30.93 and a beta of 0.67.

Cass Information Systems (NASDAQ:CASS) last posted its earnings results on Thursday, January 23rd. The business services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%. As a group, research analysts expect that Cass Information Systems, Inc. will post 2.62 EPS for the current year.

Cass Information Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Tuesday, March 4th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.91%. Cass Information Systems’s dividend payout ratio is currently 89.86%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Huntington National Bank lifted its stake in Cass Information Systems by 72.9% in the fourth quarter. Huntington National Bank now owns 690 shares of the business services provider’s stock worth $28,000 after purchasing an additional 291 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in shares of Cass Information Systems during the fourth quarter worth $44,000. KLP Kapitalforvaltning AS acquired a new position in shares of Cass Information Systems in the 4th quarter valued at $114,000. Intech Investment Management LLC acquired a new stake in Cass Information Systems during the 4th quarter worth about $207,000. Finally, SG Americas Securities LLC grew its position in 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 purchasing an additional 1,470 shares during the period. Hedge funds and other institutional investors own 59.08% of the company’s stock.

About Cass Information Systems

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.