Cass Information Systems (NASDAQ:CASS)’s share price 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 cut ZIX from a “strong-buy” rating to a “buy” rating in a report on Friday, June 7th.

The firm has a market cap of $703.98 million, a price-to-earnings ratio of 23.61 and a beta of 0.64. The stock has a fifty day moving average price of $46.33.

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

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

Several large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its holdings in shares of Cass Information Systems by 19.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,149 shares of the business services provider’s stock worth $114,000 after acquiring an additional 353 shares during the period. QS Investors LLC boosted its stake in shares of Cass Information Systems by 20.0% in the fourth 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. Legal & General Group Plc boosted its stake in shares of Cass Information Systems by 33.5% in the fourth 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. Cetera Advisor Networks LLC boosted its stake in shares of Cass Information Systems by 16.3% in the fourth quarter. Cetera Advisor Networks LLC now owns 5,671 shares of the business services provider’s stock valued at $300,000 after buying an additional 795 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Cass Information Systems by 25.8% in the fourth quarter. Citigroup Inc. now owns 4,142 shares of the business services provider’s stock valued at $219,000 after buying an additional 849 shares during the period. Institutional investors own 52.47% of the company’s stock.

About Cass Information Systems (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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