Speece Thorson Capital Group Inc. Has $14.34 Million Stock Holdings in Cass Information Systems, Inc $CASS

Speece Thorson Capital Group Inc. increased its position in shares of Cass Information Systems, Inc (NASDAQ:CASS) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 330,036 shares of the business services provider’s stock after acquiring an additional 7,118 shares during the quarter. Cass Information Systems comprises approximately 2.9% of Speece Thorson Capital Group Inc.’s investment portfolio, making the stock its 15th biggest holding. Speece Thorson Capital Group Inc. owned about 2.47% of Cass Information Systems worth $14,340,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Copeland Capital Management LLC raised its holdings in Cass Information Systems by 16.4% in the second quarter. Copeland Capital Management LLC now owns 1,667 shares of the business services provider’s stock worth $72,000 after purchasing an additional 235 shares during the period. CWM LLC increased its position in shares of Cass Information Systems by 275.9% in the 1st quarter. CWM LLC now owns 1,947 shares of the business services provider’s stock valued at $84,000 after buying an additional 1,429 shares in the last quarter. AlphaQuest LLC raised its stake in Cass Information Systems by 23.9% during the 1st quarter. AlphaQuest LLC now owns 2,606 shares of the business services provider’s stock worth $113,000 after buying an additional 502 shares during the period. Compass Ion Advisors LLC bought a new position in Cass Information Systems during the second quarter worth about $201,000. Finally, Janney Montgomery Scott LLC lifted its holdings in Cass Information Systems by 11.0% during the first quarter. Janney Montgomery Scott LLC now owns 6,669 shares of the business services provider’s stock worth $288,000 after acquiring an additional 660 shares in the last quarter. Institutional investors own 59.08% of the company’s stock.

Cass Information Systems Stock Performance

Shares of Cass Information Systems stock opened at $39.53 on Monday. The firm has a market cap of $522.43 million, a PE ratio of 16.97 and a beta of 0.46. The business’s 50 day simple moving average is $40.50 and its 200 day simple moving average is $41.76. Cass Information Systems, Inc has a 52-week low of $36.07 and a 52-week high of $47.14.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings results on Thursday, October 23rd. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $50.06 million during the quarter, compared to the consensus estimate of $50.20 million. Cass Information Systems had a return on equity of 11.72% and a net margin of 16.48%. As a group, equities research analysts predict that Cass Information Systems, Inc will post 2.62 EPS for the current year.

Cass Information Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, December 5th. This is a positive change from Cass Information Systems’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 3.2%. Cass Information Systems’s dividend payout ratio is currently 54.94%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c)” rating on shares of Cass Information Systems in a report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $45.00 target price (down from $47.00) on shares of Cass Information Systems in a research note on Friday, October 24th. Wall Street Zen upgraded shares of Cass Information Systems from a “sell” rating to a “hold” rating in a report on Monday, August 18th. Finally, Zacks Research cut shares of Cass Information Systems from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.50.

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.