Seizert Capital Partners LLC boosted its holdings in shares of Cass Information Systems, Inc (NASDAQ:CASS) by 258.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,135 shares of the business services provider’s stock after acquiring an additional 26,049 shares during the quarter. Seizert Capital Partners LLC owned about 0.32% of Cass Information Systems worth $2,372,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Crawford Investment Counsel Inc. increased its stake in Cass Information Systems by 31.7% during the second quarter. Crawford Investment Counsel Inc. now owns 50,738 shares of the business services provider’s stock worth $3,330,000 after acquiring an additional 12,208 shares during the last quarter. Royce & Associates LP increased its stake in Cass Information Systems by 1.6% during the second quarter. Royce & Associates LP now owns 50,000 shares of the business services provider’s stock worth $3,282,000 after acquiring an additional 800 shares during the last quarter. Victory Capital Management Inc. increased its stake in Cass Information Systems by 17.7% during the second quarter. Victory Capital Management Inc. now owns 3,087 shares of the business services provider’s stock worth $203,000 after acquiring an additional 464 shares during the last quarter. WCM Investment Management CA increased its stake in Cass Information Systems by 1.4% during the second quarter. WCM Investment Management CA now owns 84,549 shares of the business services provider’s stock worth $5,550,000 after acquiring an additional 1,205 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in Cass Information Systems by 4.0% during the second quarter. Legal & General Group Plc now owns 2,885 shares of the business services provider’s stock worth $189,000 after acquiring an additional 110 shares during the last quarter. 50.94% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “Cass Information Systems, Inc (CASS) Holdings Raised by Seizert Capital Partners LLC” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was stolen and republished in violation of United States and international copyright laws. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/04/cass-information-systems-inc-cass-holdings-raised-by-seizert-capital-partners-llc.html.

In other Cass Information Systems news, COO Gary B. Langfitt sold 750 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $65.50, for a total transaction of $49,125.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Robert J. Mathias sold 698 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $65.00, for a total value of $45,370.00. The disclosure for this sale can be found here. Corporate insiders own 5.01% of the company’s stock.

Shares of Cass Information Systems, Inc (NASDAQ CASS) opened at 61.25 on Monday. Cass Information Systems, Inc has a 1-year low of $52.69 and a 1-year high of $74.83. The firm has a market cap of $686.18 million, a PE ratio of 27.22 and a beta of 1.17. The firm’s 50-day moving average price is $63.26 and its 200 day moving average price is $64.34.

Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.58 earnings per share for the quarter. Cass Information Systems had a return on equity of 11.92% and a net margin of 19.63%. The company had revenue of $33.66 million for the quarter. On average, equities research analysts forecast that Cass Information Systems, Inc will post $2.07 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, August 31st. Cass Information Systems’s dividend payout ratio is presently 40.71%.

Separately, BidaskClub cut Cass Information Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th.

About Cass Information Systems

Cass Information Systems, Inc (Cass) is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Company provides transportation invoice rating, payment processing, auditing, accounting and transportation information.

Institutional Ownership by Quarter for Cass Information Systems (NASDAQ:CASS)

Receive News & Stock Ratings for Cass Information Systems Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cass Information Systems Inc and related stocks with our FREE daily email newsletter.