---
title: "Cass Information Systems, Inc. (NASDAQ:CASS) Shares Acquired by Nuveen Asset Management LLC"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242880888.md"
description: "Nuveen Asset Management LLC increased its stake in Cass Information Systems, Inc. (NASDAQ:CASS) by 36.2% in Q4, owning 54,350 shares valued at $2.2 million. Other institutional investors also acquired shares, with JPMorgan Chase & Co. boosting its holdings by 91.1%. Cass reported Q1 earnings of $0.63 per share, exceeding estimates, and announced a quarterly dividend of $0.31 per share. The stock opened at $42.12, with a market cap of $562.72 million and a P/E ratio of 30.52."
datetime: "2025-06-03T07:38:44.000Z"
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  - [en](https://longbridge.com/en/news/242880888.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242880888.md)
---

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# Cass Information Systems, Inc. (NASDAQ:CASS) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC lifted its holdings in Cass Information Systems, Inc. (NASDAQ:CASS - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,350 shares of the business services provider's stock after buying an additional 14,445 shares during the quarter. Nuveen Asset Management LLC owned 0.40% of Cass Information Systems worth $2,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CASS. Raymond James Financial Inc. purchased a new stake in shares of Cass Information Systems during the 4th quarter worth approximately $276,000. Towneley Capital Management Inc DE acquired a new position in Cass Information Systems during the fourth quarter worth $611,000. SG Americas Securities LLC boosted its position in Cass Information Systems by 30.5% during the fourth 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in Cass Information Systems by 91.1% in the fourth quarter. JPMorgan Chase & Co. now owns 44,418 shares of the business services provider's stock valued at $1,817,000 after purchasing an additional 21,177 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Cass Information Systems by 1.9% in the fourth quarter. Ameriprise Financial Inc. now owns 118,070 shares of the business services provider's stock valued at $4,830,000 after purchasing an additional 2,221 shares during the last quarter. Institutional investors and hedge funds own 59.08% of the company's stock.

## Analyst Upgrades and Downgrades

Separately, Piper Sandler cut their price target on Cass Information Systems from $47.00 to $46.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd.

**View Our Latest Report on Cass Information Systems**

## Cass Information Systems Stock Performance

CASS stock opened at $42.12 on Tuesday. The stock's 50 day moving average price is $41.55 and its 200 day moving average price is $42.34. The firm has a market cap of $562.72 million, a P/E ratio of 30.52 and a beta of 0.43. Cass Information Systems, Inc. has a 1 year low of $37.99 and a 1 year high of $47.14.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last announced its earnings results on Thursday, April 17th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.03. The firm had revenue of $46.41 million for the quarter, compared to analyst estimates of $51.49 million. Cass Information Systems had a net margin of 9.62% and a return on equity of 8.25%. On average, research analysts predict that Cass Information Systems, Inc. will post 2.62 earnings per share for the current year.

## Cass Information Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Tuesday, June 3rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Tuesday, June 3rd. Cass Information Systems's dividend payout ratio (DPR) is 81.58%.

## Cass Information Systems Company Profile

(Free Report)

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.

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_This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com._

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