Tributary Capital Management LLC Has $13.04 Million Holdings in Cass Information Systems, Inc. (NASDAQ:CASS)

Tributary Capital Management LLC lifted its stake in shares of Cass Information Systems, Inc. (NASDAQ:CASS) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 318,809 shares of the business services provider’s stock after acquiring an additional 313 shares during the quarter. Tributary Capital Management LLC owned approximately 2.35% of Cass Information Systems worth $13,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CASS. First National Bank of Omaha boosted its position in Cass Information Systems by 3.3% during the third quarter. First National Bank of Omaha now owns 9,441 shares of the business services provider’s stock valued at $392,000 after acquiring an additional 300 shares during the last quarter. US Bancorp DE grew its stake in Cass Information Systems by 5.4% during the third quarter. US Bancorp DE now owns 7,078 shares of the business services provider’s stock worth $294,000 after purchasing an additional 360 shares during the period. Copeland Capital Management LLC acquired a new position in Cass Information Systems in the third quarter valued at approximately $37,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Cass Information Systems by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 103,609 shares of the business services provider’s stock worth $4,298,000 after buying an additional 1,148 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Cass Information Systems by 27.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,387 shares of the business services provider’s stock worth $265,000 after buying an additional 1,394 shares during the period. Institutional investors and hedge funds own 59.08% of the company’s stock.

Cass Information Systems Stock Performance

CASS stock opened at $41.10 on Friday. The stock’s 50 day simple moving average is $42.38 and its 200 day simple moving average is $42.02. The company 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.

Cass Information Systems (NASDAQ:CASS) last issued its earnings results on Thursday, January 23rd. The business services provider reported $0.33 earnings per share (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 analysts predict that Cass Information Systems, Inc. will post 1.5 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Cass Information Systems

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.