Barclays PLC Sells 1,640 Shares of Cass Information Systems (NASDAQ:CASS)
Barclays PLC trimmed its position in Cass Information Systems (NASDAQ:CASS) by 17.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,899 shares of the business services provider’s stock after selling 1,640 shares during the quarter. Barclays PLC owned 0.05% of Cass Information Systems worth $427,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Marshall Wace LLP bought a new stake in shares of Cass Information Systems during the first quarter worth $309,000. Aperio Group LLC bought a new stake in shares of Cass Information Systems during the second quarter worth $189,000. Envestnet Asset Management Inc. grew its stake in shares of Cass Information Systems by 8.2% during the second quarter. Envestnet Asset Management Inc. now owns 8,374 shares of the business services provider’s stock worth $406,000 after buying an additional 635 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Cass Information Systems by 6.3% during the second quarter. GHP Investment Advisors Inc. now owns 85,896 shares of the business services provider’s stock worth $4,164,000 after buying an additional 5,067 shares during the last quarter. Finally, Buckingham Asset Management LLC bought a new stake in shares of Cass Information Systems during the second quarter worth $359,000. 55.29% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ CASS opened at $57.56 on Friday. The firm’s fifty day moving average price is $56.91 and its two-hundred day moving average price is $51.68. The stock has a market cap of $821.59 million, a PE ratio of 26.99 and a beta of 0.56. Cass Information Systems has a fifty-two week low of $44.35 and a fifty-two week high of $60.97.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Tuesday, December 3rd were paid a $0.27 dividend. This is a boost from Cass Information Systems’s previous quarterly dividend of $0.21. The ex-dividend date was Monday, December 2nd. This represents a $1.08 annualized dividend and a dividend yield of 1.88%.
Separately, BidaskClub cut shares of Cass Information Systems from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 16th.
Cass Information Systems Company Profile
Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. It operates through two segments, Information Services and Banking Services. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.
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