Cass Information Systems (NASDAQ:CASS) Stock Passes Above 200 Day Moving Average – Time to Sell?

Cass Information Systems, Inc (NASDAQ:CASS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $42.19 and traded as high as $45.13. Cass Information Systems shares last traded at $44.71, with a volume of 58,364 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CASS shares. Weiss Ratings downgraded shares of Cass Information Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 6th. Zacks Research upgraded Cass Information Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $50.00 price objective on shares of Cass Information Systems in a research note on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.00.

Cass Information Systems Stock Down 0.7%

The firm’s 50 day simple moving average is $44.14 and its two-hundred day simple moving average is $42.19. The stock has a market capitalization of $572.99 million, a P/E ratio of 16.94 and a beta of 0.44.

Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, January 22nd. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.64 by $0.04. Cass Information Systems had a return on equity of 13.28% and a net margin of 18.41%.The company had revenue of $28.03 million during the quarter, compared to the consensus estimate of $49.60 million. As a group, equities research analysts expect that Cass Information Systems, Inc will post 2.62 earnings per share for the current year.

Cass Information Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Tuesday, March 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, March 3rd. Cass Information Systems’s dividend payout ratio is presently 48.85%.

Institutional Trading of Cass Information Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Kingdom Financial Group LLC. bought a new position in shares of Cass Information Systems in the fourth quarter valued at $26,000. Triumph Capital Management bought a new position in Cass Information Systems in the 3rd quarter valued at about $25,000. New York State Teachers Retirement System acquired a new position in Cass Information Systems during the 4th quarter valued at about $46,000. BNP Paribas Financial Markets increased its holdings in Cass Information Systems by 50.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,227 shares of the business services provider’s stock worth $53,000 after purchasing an additional 413 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Cass Information Systems by 1,206.6% in the third quarter. Russell Investments Group Ltd. now owns 1,594 shares of the business services provider’s stock worth $63,000 after purchasing an additional 1,472 shares during the last quarter. Institutional investors own 59.08% of the company’s stock.

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. 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. The company also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions, as well as church management software solution and on-line platform to provide generosity services for faith-based and non-profit organizations.