Cass Information Systems (CASS) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Cass Information Systems (NASDAQ:CASS) by 3.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 435,589 shares of the business services provider’s stock after buying an additional 15,545 shares during the period. Dimensional Fund Advisors LP’s holdings in Cass Information Systems were worth $29,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Cass Information Systems by 7.3% during the 2nd quarter. BlackRock Inc. now owns 771,994 shares of the business services provider’s stock worth $53,128,000 after purchasing an additional 52,831 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Cass Information Systems by 4.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 165,212 shares of the business services provider’s stock worth $11,370,000 after purchasing an additional 6,625 shares in the last quarter. Crawford Investment Counsel Inc. increased its holdings in Cass Information Systems by 4.1% during the 1st quarter. Crawford Investment Counsel Inc. now owns 71,882 shares of the business services provider’s stock worth $4,278,000 after purchasing an additional 2,850 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Cass Information Systems by 18.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 62,892 shares of the business services provider’s stock worth $4,329,000 after purchasing an additional 9,984 shares in the last quarter. Finally, Martingale Asset Management L P bought a new position in Cass Information Systems during the 2nd quarter worth about $2,423,000. Institutional investors and hedge funds own 52.60% of the company’s stock.

A number of equities analysts have issued reports on CASS shares. BidaskClub cut Cass Information Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. ValuEngine upgraded Cass Information Systems from a “hold” rating to a “buy” rating in a report on Thursday, July 5th.

CASS stock opened at $65.48 on Monday. The stock has a market cap of $800.61 million, a price-to-earnings ratio of 27.31 and a beta of 1.05. Cass Information Systems has a 1 year low of $54.37 and a 1 year high of $74.49.

Cass Information Systems (NASDAQ:CASS) last released its earnings results on Thursday, July 26th. The business services provider reported $0.60 earnings per share (EPS) for the quarter. The firm had revenue of $36.36 million during the quarter. Cass Information Systems had a return on equity of 13.18% and a net margin of 19.62%.

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, September 4th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Friday, August 31st.

Cass Information Systems Profile

Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.

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Institutional Ownership by Quarter for Cass Information Systems (NASDAQ:CASS)

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