GHP Investment Advisors Inc. Has $769,000 Stock Holdings in Cass Information Systems, Inc. (NASDAQ:CASS)

GHP Investment Advisors Inc. decreased its position in shares of Cass Information Systems, Inc. (NASDAQ:CASS) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,801 shares of the business services provider’s stock after selling 1,007 shares during the quarter. GHP Investment Advisors Inc. owned about 0.14% of Cass Information Systems worth $769,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its position in shares of Cass Information Systems by 364.9% during the third quarter. Barclays PLC now owns 21,938 shares of the business services provider’s stock worth $910,000 after purchasing an additional 17,219 shares in the last quarter. Foundry Partners LLC raised its stake in Cass Information Systems by 12.1% during the 3rd quarter. Foundry Partners LLC now owns 122,405 shares of the business services provider’s stock worth $5,077,000 after buying an additional 13,180 shares during the period. JPMorgan Chase & Co. lifted its holdings in Cass Information Systems by 140.9% during the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider’s stock worth $964,000 after acquiring an additional 13,593 shares in the last quarter. Geode Capital Management LLC grew its stake in Cass Information Systems by 4.0% in the third quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider’s stock valued at $14,693,000 after acquiring an additional 13,607 shares during the period. Finally, Tributary Capital Management LLC increased its holdings 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 worth $13,211,000 after acquiring an additional 15,919 shares in the last quarter. Institutional investors and hedge funds own 59.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cass Information Systems Stock Down 0.2 %

Shares of CASS stock opened at $43.05 on Friday. The company has a market capitalization of $584.19 million, a price-to-earnings ratio of 31.20 and a beta of 0.72. Cass Information Systems, Inc. has a 12-month low of $37.99 and a 12-month high of $50.25. The firm has a fifty day moving average of $41.91 and a 200-day moving average of $42.00.

Cass Information Systems (NASDAQ:CASS) last released its earnings results on Thursday, January 23rd. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a return on equity of 8.25% and a net margin of 9.62%. On average, equities analysts expect that Cass Information Systems, Inc. will post 2.53 EPS for the current year.

Cass Information Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Tuesday, March 4th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, March 4th. Cass Information Systems’s payout ratio is 89.86%.

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.