Fenimore Asset Management Inc Sells 390 Shares of Cass Information Systems, Inc. (NASDAQ:CASS)

Fenimore Asset Management Inc reduced its position in Cass Information Systems, Inc. (NASDAQ:CASS) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 336,032 shares of the business services provider’s stock after selling 390 shares during the quarter. Fenimore Asset Management Inc’s holdings in Cass Information Systems were worth $13,747,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of CASS. Speece Thorson Capital Group Inc. lifted its holdings in shares of Cass Information Systems by 37.6% in the 3rd quarter. Speece Thorson Capital Group Inc. now owns 305,495 shares of the business services provider’s stock worth $12,672,000 after purchasing an additional 83,414 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Cass Information Systems in the third quarter valued at approximately $3,029,000. Barclays PLC increased its position in Cass Information Systems by 364.9% in the third quarter. Barclays PLC now owns 21,938 shares of the business services provider’s stock worth $910,000 after buying an additional 17,219 shares during the last quarter. Tributary Capital Management LLC raised its stake in shares of Cass Information Systems by 5.3% in the third quarter. Tributary Capital Management LLC now owns 318,496 shares of the business services provider’s stock valued at $13,211,000 after buying an additional 15,919 shares during the period. Finally, Geode Capital Management LLC lifted its position in shares of Cass Information Systems by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider’s stock valued at $14,693,000 after buying an additional 13,607 shares during the last quarter. Institutional investors own 59.08% of the company’s stock.

Cass Information Systems Trading Down 0.9 %

CASS opened at $41.10 on Friday. Cass Information Systems, Inc. has a 12 month low of $37.99 and a 12 month high of $50.25. The company has a market cap of $557.73 million, a PE ratio of 24.76 and a beta of 0.73. The company has a 50 day moving average of $42.38 and a 200 day moving average of $42.02.

Cass Information Systems (NASDAQ:CASS) last posted its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a return on equity of 9.92% and a net margin of 11.52%. Research analysts forecast that Cass Information Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Piper Sandler lifted their price objective on Cass Information Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a report on Friday, October 18th.

Cass Information Systems 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.