<div id="readability-page-1"><p>Gabelli Funds LLC acquired a new stake in shares of  Cass Information Systems, Inc (NASDAQ:CASS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities &amp; Exchange Commission. The institutional investor  acquired 70,986 shares of the business services provider's stock, valued at approximately $3,084,000. Gabelli Funds LLC owned 0.54% of Cass Information Systems as of its most recent filing with the Securities &amp; Exchange Commission.</p><p>Other hedge funds have also recently bought and sold shares of the company. Gamco Investors INC. ET AL acquired a new position in  Cass Information Systems in the 2nd quarter valued at $419,000.  Marshall Wace LLP purchased a new stake in shares of  Cass Information Systems in the second quarter valued at $696,000.  Arrowstreet Capital Limited Partnership increased its stake in  Cass Information Systems by 13.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 101,860 shares of the business services provider's stock valued at $4,426,000 after purchasing an additional 12,196 shares during the last quarter.  Inceptionr LLC acquired a new position in  Cass Information Systems in the second quarter valued at $285,000.  Finally, Boston Partners lifted its position in  Cass Information Systems by 5.1% during the second quarter. Boston Partners now owns 66,862 shares of the business services provider's stock worth $2,905,000 after buying an additional 3,242 shares during the period. Institutional investors and hedge funds own  59.08% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>Several analysts have commented on CASS shares. Raymond James Financial  reaffirmed an &#34;outperform&#34; rating and set a $45.00 price objective (down previously from $47.00) on shares of Cass Information Systems in a research note on Friday, October 24th. Zacks Research upgraded shares of Cass Information Systems from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a report on Monday. Weiss Ratings  reaffirmed a &#34;hold (c)&#34; rating on shares of Cass Information Systems in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Cass Information Systems from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a report on Monday, August 18th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of &#34;Moderate Buy&#34; and an average price target of $45.50.</p><p><b>Read Our Latest Report on Cass Information Systems</b></p><h2>Cass Information Systems Stock Performance</h2><p>CASS opened at $42.95 on Thursday. The firm has a 50 day moving average price of $40.12 and a 200 day moving average price of $41.71. The company has a market cap of $561.79 million, a PE ratio of 18.43 and a beta of 0.42. Cass Information Systems, Inc has a 1 year low of $36.07 and a 1 year high of $47.00. </p><p>Cass Information Systems (NASDAQ:CASS - Get Free Report) last released its quarterly earnings data on Thursday, October 23rd. The business services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.06. Cass Information Systems had a net margin of 16.48% and a return on equity of 11.61%. The company had revenue of $54.01 million during the quarter, compared to the consensus estimate of $50.20 million.  On average, sell-side analysts predict that  Cass Information Systems, Inc will post 2.62 earnings per share for the current year. </p><h2>Cass Information Systems Increases Dividend</h2><p>The business also recently declared 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. The ex-dividend date is Friday, December 5th. This represents a $1.28 annualized dividend and a yield of 3.0%. This is an increase from Cass Information Systems's previous quarterly dividend of $0.31. Cass Information Systems's payout ratio is currently 54.94%. </p><h2>Cass Information Systems Profile</h2> (Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Cass Information Systems</li><li>Roth IRA Calculator: Calculate Your Potential Returns</li><li>Market Momentum: 3 Stocks Poised for Major Breakouts</li><li>Using the MarketBeat Stock Split Calculator</li><li>3 Reasons Casey’s General Stores Will Continue Trending Higher</li><li>What is a Dividend King? </li><li>Golden Cross Alert: 3 Stocks With Major Upside Potential</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0FTUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0FTUw"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cass Information Systems Right Now?</h2><p>Before you consider Cass Information Systems, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cass Information Systems wasn't on the list.</p><p>While Cass Information Systems currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CASS

<p>Gabelli Funds LLC acquired a new stake in Cass Information Systems, Inc, purchasing 70,986 shares valued at $3.08 million during the second quarter. This acquisition represents 0.54% ownership of the company. Other institutional investors also increased their stakes. Cass Information Systems reported strong quarterly earnings, surpassing estimates, and increased its dividend. The stock has a moderate buy rating with a price target of $45.50. The company provides payment and information processing services in the U.S.</p>

Gabelli Funds LLC Invests $3.08 Million in Cass Information Systems, Inc $CASS