Cass Information Systems (NASDAQ:CASS) Share Price Passes Below Two Hundred Day Moving Average of $0.00

Cass Information Systems (NASDAQ:CASS) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as low as $48.29. Cass Information Systems shares last traded at $48.45, with a volume of 6,380 shares traded.

Separately, BidaskClub lowered shares of ZIX from a “strong-buy” rating to a “buy” rating in a report on Friday, June 7th.

The stock has a fifty day simple moving average of $46.33. The firm has a market capitalization of $710.03 million, a PE ratio of 24.10 and a beta of 0.64.

Cass Information Systems (NASDAQ:CASS) last released its earnings results on Thursday, April 25th. The business services provider reported $0.55 EPS for the quarter. Cass Information Systems had a net margin of 20.14% and a return on equity of 13.19%. The firm had revenue of $38.37 million during the quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, June 3rd.

Hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings 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 valued at $114,000 after buying an additional 353 shares during the period. QS Investors LLC grew its holdings 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 valued at $121,000 after buying an additional 380 shares during the period. Great West Life Assurance Co. Can grew its holdings 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 valued at $122,000 after buying an additional 1,240 shares during the period. Legal & General Group Plc grew its holdings in shares of Cass Information Systems by 33.5% in the 4th quarter. Legal & General Group Plc now owns 2,628 shares of the business services provider’s stock valued at $139,000 after buying an additional 659 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Cass Information Systems by 49,833.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,996 shares of the business services provider’s stock valued at $142,000 after buying an additional 2,990 shares during the period. 52.47% of the stock is owned by institutional investors.

Cass Information Systems Company Profile (NASDAQ:CASS)

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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