Inceptionr LLC Acquires New Holdings in Cass Information Systems, Inc $CASS

Inceptionr LLC acquired 6,551 shares of Cass Information Systems, Inc valued at $285,000 in Q2, as per its latest SEC Form 13F filing. Other institutional investors also modified their holdings. Analysts have mixed ratings on CASS, with a consensus 'Hold' rating and a price target of $45.50. Cass Information Systems reported Q3 earnings of $0.69 per share, beating estimates. The company increased its quarterly dividend to $0.32 per share, yielding 3.0%.

Inceptionr LLC bought a new position in shares of Cass Information Systems, Inc (NASDAQ:CASS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 6,551 shares of the business services provider's stock, valued at approximately $285,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. XTX Topco Ltd acquired a new stake in Cass Information Systems during the first quarter worth about $454,000. Vanguard Group Inc. grew its holdings in shares of Cass Information Systems by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 801,473 shares of the business services provider's stock worth $34,664,000 after purchasing an additional 4,504 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Cass Information Systems during the 1st quarter worth approximately $3,507,000. Boston Partners increased its holdings in Cass Information Systems by 16.6% in the 1st quarter. Boston Partners now owns 63,620 shares of the business services provider's stock valued at $2,752,000 after buying an additional 9,071 shares during the period. Finally, Emmett Investment Management LP raised its position in Cass Information Systems by 2.7% in the first quarter. Emmett Investment Management LP now owns 93,241 shares of the business services provider's stock worth $4,042,000 after purchasing an additional 2,426 shares in the last quarter. Institutional investors and hedge funds own 59.08% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CASS shares. Zacks Research lowered shares of Cass Information Systems from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 7th. Wall Street Zen raised shares of Cass Information Systems from a "sell" rating to a "hold" rating in a research note on Monday, August 18th. Weiss Ratings reissued a "hold (c)" rating on shares of Cass Information Systems in a research note on Wednesday, October 8th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $45.00 price target (down previously from $47.00) on shares of Cass Information Systems in a research note on Friday, October 24th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $45.50.

Read Our Latest Research Report on Cass Information Systems

Cass Information Systems Stock Up 0.1%

Shares of Cass Information Systems stock opened at $42.02 on Friday. The stock has a market capitalization of $549.72 million, a price-to-earnings ratio of 18.03 and a beta of 0.45. The company has a 50-day simple moving average of $39.72 and a two-hundred day simple moving average of $41.71. Cass Information Systems, Inc has a twelve month low of $36.07 and a twelve month high of $47.00.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The business services provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.06. Cass Information Systems had a return on equity of 11.72% and a net margin of 16.48%.The business had revenue of $54.01 million during the quarter, compared to the consensus estimate of $50.20 million. On average, sell-side analysts anticipate that Cass Information Systems, Inc will post 2.62 earnings per share for the current fiscal year.

Cass Information Systems Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, December 5th will be issued a $0.32 dividend. This is a boost from Cass Information Systems's previous quarterly dividend of $0.31. The ex-dividend date is Friday, December 5th. This represents a $1.28 dividend on an annualized basis and a yield of 3.0%. Cass Information Systems's dividend payout ratio (DPR) is 54.94%.

About Cass Information Systems

(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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