Cass Information Systems (CASS) Cut to Strong Sell at BidaskClub

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BidaskClub cut shares of Cass Information Systems (NASDAQ:CASS) from a sell rating to a strong sell rating in a research report report published on Saturday, BidAskClub reports.

Shares of NASDAQ:CASS opened at $45.88 on Friday. Cass Information Systems has a 52-week low of $44.35 and a 52-week high of $62.07. The firm has a market capitalization of $657.74 million, a PE ratio of 22.32 and a beta of 0.54.

Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $0.55 earnings per share (EPS) for the quarter. Cass Information Systems had a return on equity of 13.19% and a net margin of 20.14%. The business had revenue of $38.37 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th will be given a $0.26 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $1.04 annualized dividend and a dividend yield of 2.27%.

Large investors have recently modified their holdings of the company. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Cass Information Systems in the fourth quarter valued at $32,000. One Wealth Advisors LLC purchased a new stake in shares of Cass Information Systems in the first quarter valued at $53,000. We Are One Seven LLC purchased a new stake in shares of Cass Information Systems in the fourth quarter valued at $68,000. PNC Financial Services Group Inc. lifted its position in shares of Cass Information Systems by 19.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,149 shares of the business services provider’s stock valued at $114,000 after acquiring an additional 353 shares in the last quarter. Finally, QS Investors LLC lifted its position in shares of Cass Information Systems by 20.0% in the fourth quarter. QS Investors LLC now owns 2,280 shares of the business services provider’s stock valued at $121,000 after acquiring an additional 380 shares in the last quarter. Institutional investors and hedge funds own 53.34% of the company’s stock.

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. 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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