WCM Investment Management CA boosted its position in shares of Cass Information Systems, Inc (NASDAQ:CASS) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 84,549 shares of the business services provider’s stock after buying an additional 1,205 shares during the period. WCM Investment Management CA’s holdings in Cass Information Systems were worth $5,550,000 as of its most recent filing with the SEC.
Separately, Legal & General Group Plc boosted its stake in Cass Information Systems by 4.0% in the second quarter. Legal & General Group Plc now owns 2,885 shares of the business services provider’s stock worth $189,000 after buying an additional 110 shares in the last quarter. Institutional investors and hedge funds own 50.75% of the company’s stock.
Cass Information Systems, Inc (NASDAQ:CASS) traded down 0.20% during mid-day trading on Thursday, hitting $59.73. 282 shares of the company were exchanged. Cass Information Systems, Inc has a 12-month low of $52.69 and a 12-month high of $74.83. The company’s 50-day moving average is $64.82 and its 200 day moving average is $64.67. The company has a market capitalization of $669.16 million, a P/E ratio of 26.55 and a beta of 1.17.
Cass Information Systems (NASDAQ:CASS) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.58 EPS for the quarter. The company had revenue of $33.66 million for the quarter. Cass Information Systems had a net margin of 19.63% and a return on equity of 11.92%. Analysts expect that Cass Information Systems, Inc will post $2.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, August 31st. Cass Information Systems’s payout ratio is currently 40.71%.
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Separately, BidaskClub cut shares of Cass Information Systems from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th.
In related news, COO Gary B. Langfitt sold 750 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $65.50, for a total transaction of $49,125.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Robert J. Mathias sold 698 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $65.00, for a total transaction of $45,370.00. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company’s stock.
About Cass Information Systems
Cass Information Systems, Inc (Cass) is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Company provides transportation invoice rating, payment processing, auditing, accounting and transportation information.
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