Copeland Capital Management LLC Buys New Position in Cass Information Systems, Inc. (NASDAQ:CASS)

Copeland Capital Management LLC bought a new stake in Cass Information Systems, Inc. (NASDAQ:CASS) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 899 shares of the business services provider’s stock, valued at approximately $37,000.

Several other institutional investors have also recently added to or reduced their stakes in CASS. SG Americas Securities LLC acquired a new position in Cass Information Systems in the 3rd quarter valued at about $200,000. Creative Planning acquired a new position in Cass Information Systems in the 3rd quarter valued at about $205,000. Dumont & Blake Investment Advisors LLC acquired a new position in shares of Cass Information Systems during the 1st quarter valued at about $207,000. Compass Ion Advisors LLC acquired a new position in shares of Cass Information Systems during the 1st quarter valued at about $223,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Cass Information Systems during the 2nd quarter valued at about $251,000. Institutional investors and hedge funds own 59.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cass Information Systems Price Performance

NASDAQ CASS opened at $41.29 on Wednesday. Cass Information Systems, Inc. has a 12 month low of $36.22 and a 12 month high of $50.25. The company has a 50-day moving average of $41.52 and a 200-day moving average of $42.13. The company has a market cap of $563.36 million, a P/E ratio of 18.85 and a beta of 0.70.

Cass Information Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.00%. This is an increase from Cass Information Systems’s previous quarterly dividend of $0.30. Cass Information Systems’s dividend payout ratio is currently 56.62%.

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.