BidaskClub upgraded shares of Cass Information Systems (NASDAQ:CASS) from a strong sell rating to a sell rating in a research report report published on Wednesday, March 27th, BidAskClub reports.
Shares of NASDAQ CASS traded down $0.58 during mid-day trading on Wednesday, reaching $47.75. 22,658 shares of the company traded hands, compared to its average volume of 35,393. The firm has a market cap of $693.57 million, a price-to-earnings ratio of 23.64 and a beta of 0.53. Cass Information Systems has a fifty-two week low of $44.99 and a fifty-two week high of $62.07.
Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings data on Thursday, January 31st. The business services provider reported $0.47 EPS for the quarter. Cass Information Systems had a return on equity of 13.33% and a net margin of 20.42%. The business had revenue of $38.30 million for the quarter.
Large investors have recently made changes to their positions in the stock. Intercontinental Wealth Advisors LLC bought a new stake in Cass Information Systems during the 4th quarter valued at approximately $32,000. We Are One Seven LLC bought a new stake in shares of Cass Information Systems in the 4th quarter worth approximately $68,000. PNC Financial Services Group Inc. lifted its position in shares of Cass Information Systems by 19.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,149 shares of the business services provider’s stock worth $114,000 after acquiring an additional 353 shares during the period. QS Investors LLC lifted its position in shares of Cass Information Systems by 20.0% in the 4th quarter. QS Investors LLC now owns 2,280 shares of the business services provider’s stock worth $121,000 after acquiring an additional 380 shares during the period. Finally, Great West Life Assurance Co. Can lifted its position in shares of Cass Information Systems by 107.6% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,392 shares of the business services provider’s stock worth $122,000 after acquiring an additional 1,240 shares during the period. Hedge funds and other institutional investors own 53.11% of the company’s stock.
About Cass Information Systems
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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