Cass Information Systems (NASDAQ:CASS) Share Price Passes Above Fifty Day Moving Average – Should You Sell?

Cass Information Systems, Inc (NASDAQ:CASS) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $41.73 and traded as high as $42.01. Cass Information Systems shares last traded at $41.19, with a volume of 86,087 shares trading hands.

Analysts Set New Price Targets

Several research firms recently commented on CASS. Raymond James Financial reaffirmed an “outperform” rating and issued a $45.00 price objective (down from $47.00) on shares of Cass Information Systems in a report on Friday, October 24th. Zacks Research raised Cass Information Systems from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Cass Information Systems in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Cass Information Systems presently has an average rating of “Moderate Buy” and an average target price of $45.50.

Cass Information Systems Stock Performance

The company’s 50 day simple moving average is $41.73 and its 200-day simple moving average is $41.76. The firm has a market capitalization of $538.77 million, a PE ratio of 17.68 and a beta of 0.44.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings results on Thursday, October 23rd. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.06. Cass Information Systems had a net margin of 16.48% and a return on equity of 11.61%. The firm had revenue of $54.01 million for the quarter, compared to analysts’ expectations of $50.20 million. On average, equities research analysts forecast that Cass Information Systems, Inc will post 2.62 earnings per share for the current fiscal year.

Cass Information Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, December 5th were paid a $0.32 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.28 dividend on an annualized basis and a yield of 3.1%. This is an increase from Cass Information Systems’s previous quarterly dividend of $0.31. Cass Information Systems’s dividend payout ratio is currently 54.94%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Triumph Capital Management purchased a new position in Cass Information Systems in the 3rd quarter worth approximately $25,000. BNP Paribas Financial Markets grew its position in Cass Information Systems by 50.7% in the second quarter. BNP Paribas Financial Markets now owns 1,227 shares of the business services provider’s stock worth $53,000 after acquiring an additional 413 shares in the last quarter. Russell Investments Group Ltd. increased its stake in 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 valued at $63,000 after acquiring an additional 1,472 shares during the last quarter. Copeland Capital Management LLC raised its position in Cass Information Systems by 16.4% during the second quarter. Copeland Capital Management LLC now owns 1,667 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 235 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Cass Information Systems by 49.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,840 shares of the business services provider’s stock valued at $72,000 after purchasing an additional 608 shares in the last quarter. 59.08% of the stock is currently owned by institutional investors.

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.