Cass Information Systems (CASS) Position Boosted by California Public Employees Retirement System

California Public Employees Retirement System boosted its position in shares of Cass Information Systems (NASDAQ:CASS) by 71.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,799 shares of the business services provider’s stock after purchasing an additional 10,342 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Cass Information Systems worth $1,312,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. increased its holdings in Cass Information Systems by 19.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,149 shares of the business services provider’s stock worth $114,000 after purchasing an additional 353 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Cass Information Systems by 13.6% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 4,538 shares of the business services provider’s stock worth $240,000 after purchasing an additional 542 shares during the period. Intercontinental Wealth Advisors LLC bought a new stake in Cass Information Systems during the 4th quarter valued at $32,000. Bank of Montreal Can boosted its position in Cass Information Systems by 23.6% during the 4th quarter. Bank of Montreal Can now owns 4,500 shares of the business services provider’s stock valued at $238,000 after acquiring an additional 858 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in Cass Information Systems by 20.0% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,702 shares of the business services provider’s stock valued at $302,000 after acquiring an additional 950 shares in the last quarter. Institutional investors own 53.11% of the company’s stock.

NASDAQ CASS traded down $0.36 during midday trading on Wednesday, hitting $48.83. 27,400 shares of the company traded hands, compared to its average volume of 39,382. The stock has a market capitalization of $714.49 million, a PE ratio of 23.64 and a beta of 0.53. Cass Information Systems has a 52 week low of $44.99 and a 52 week high of $62.07.

Cass Information Systems (NASDAQ:CASS) last posted its quarterly earnings data on Thursday, January 31st. The business services provider reported $0.47 earnings per share for the quarter. The firm had revenue of $38.30 million during the quarter. Cass Information Systems had a return on equity of 13.33% and a net margin of 20.42%.

Separately, BidaskClub cut Cass Information Systems from a “hold” rating to a “sell” rating in a research report on Friday, January 25th.

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

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