Seizert Capital Partners LLC Has $547,000 Stake in Cass Information Systems (NASDAQ:CASS)

Seizert Capital Partners LLC decreased its stake in Cass Information Systems (NASDAQ:CASS) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,276 shares of the business services provider’s stock after selling 921 shares during the quarter. Seizert Capital Partners LLC owned 0.08% of Cass Information Systems worth $547,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CASS. WCM Investment Management LLC lifted its stake in Cass Information Systems by 56.0% in the first quarter. WCM Investment Management LLC now owns 328,870 shares of the business services provider’s stock valued at $15,556,000 after buying an additional 118,074 shares during the period. Dimensional Fund Advisors LP lifted its stake in Cass Information Systems by 20.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 533,318 shares of the business services provider’s stock valued at $28,223,000 after buying an additional 91,842 shares during the period. Assenagon Asset Management S.A. acquired a new position in Cass Information Systems in the first quarter valued at about $1,315,000. Martingale Asset Management L P lifted its stake in Cass Information Systems by 45.1% in the first quarter. Martingale Asset Management L P now owns 82,945 shares of the business services provider’s stock valued at $3,924,000 after buying an additional 25,800 shares during the period. Finally, Rice Hall James & Associates LLC acquired a new position in Cass Information Systems in the first quarter valued at about $965,000. 52.90% of the stock is currently owned by hedge funds and other institutional investors.

Separately, BidaskClub raised Cass Information Systems from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 7th.

NASDAQ:CASS traded down $1.74 during mid-day trading on Friday, hitting $48.35. The company had a trading volume of 18,873 shares, compared to its average volume of 23,504. Cass Information Systems has a fifty-two week low of $44.35 and a fifty-two week high of $62.03. The business’s fifty day moving average is $49.20 and its two-hundred day moving average is $48.50. The firm has a market cap of $725.77 million, a P/E ratio of 24.45 and a beta of 0.61.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, September 3rd will be issued a $0.26 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.04 annualized dividend and a dividend yield of 2.15%.

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.

Further Reading: How is a price target determined?

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

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