Tributary Capital Management LLC Buys 313 Shares of Cass Information Systems, Inc. (NASDAQ:CASS)

Tributary Capital Management LLC increased its stake in shares of Cass Information Systems, Inc. (NASDAQ:CASS) by 0.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 318,809 shares of the business services provider’s stock after buying an additional 313 shares during the quarter. Tributary Capital Management LLC’s holdings in Cass Information Systems were worth $13,042,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CASS. SG Americas Securities LLC boosted its holdings in Cass Information Systems by 30.5% during the 4th quarter. SG Americas Securities LLC now owns 6,295 shares of the business services provider’s stock worth $258,000 after acquiring an additional 1,470 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Cass Information Systems by 140.9% during the third quarter. JPMorgan Chase & Co. now owns 23,241 shares of the business services provider’s stock worth $964,000 after purchasing an additional 13,593 shares during the last quarter. Barclays PLC grew its position in Cass Information Systems by 364.9% in the 3rd quarter. Barclays PLC now owns 21,938 shares of the business services provider’s stock worth $910,000 after purchasing an additional 17,219 shares in the last quarter. Geode Capital Management LLC increased its stake in Cass Information Systems by 4.0% in the 3rd quarter. Geode Capital Management LLC now owns 354,155 shares of the business services provider’s stock valued at $14,693,000 after buying an additional 13,607 shares during the last quarter. Finally, First National Bank of Omaha lifted its position in shares of Cass Information Systems by 3.3% during the 3rd quarter. First National Bank of Omaha now owns 9,441 shares of the business services provider’s stock worth $392,000 after buying an additional 300 shares in the last quarter. 59.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler upped their target price on Cass Information Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, October 18th.

Cass Information Systems Stock Performance

CASS opened at $41.10 on Friday. The firm has a market cap of $557.73 million, a P/E ratio of 24.76 and a beta of 0.73. Cass Information Systems, Inc. has a fifty-two week low of $37.99 and a fifty-two week high of $50.25. The firm has a 50-day moving average of $42.38 and a 200 day moving average of $42.02.

Cass Information Systems (NASDAQ:CASS) last posted its quarterly earnings results on Thursday, January 23rd. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10). Cass Information Systems had a return on equity of 9.92% and a net margin of 11.52%. Equities research analysts predict that Cass Information Systems, Inc. will post 1.5 earnings per share for the current fiscal year.

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.