Renaissance Technologies LLC lifted its position in Cass Information Systems, Inc (NASDAQ:CASS) by 3.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 88,157 shares of the business services provider’s stock after purchasing an additional 3,268 shares during the period. Renaissance Technologies LLC owned about 0.72% of Cass Information Systems worth $5,132,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Cass Information Systems in the fourth quarter valued at $109,000. Bank of Montreal Can boosted its holdings in Cass Information Systems by 135.4% in the fourth quarter. Bank of Montreal Can now owns 3,733 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 2,147 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Cass Information Systems in the fourth quarter valued at $250,000. American International Group Inc. boosted its holdings in Cass Information Systems by 20.7% in the fourth quarter. American International Group Inc. now owns 8,811 shares of the business services provider’s stock valued at $513,000 after acquiring an additional 1,510 shares in the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in Cass Information Systems in the third quarter valued at $640,000. Hedge funds and other institutional investors own 53.37% of the company’s stock.
Shares of Cass Information Systems stock opened at $59.73 on Tuesday. The firm has a market cap of $717.92, a price-to-earnings ratio of 26.92 and a beta of 1.18. Cass Information Systems, Inc has a 12 month low of $54.37 and a 12 month high of $69.86.
Separately, BidaskClub cut shares of Cass Information Systems from a “hold” rating to a “sell” rating in a report on Saturday, January 6th.
In other news, Director Ralph W. Clermont acquired 1,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was acquired at an average price of $55.39 per share, with a total value of $55,390.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.91% of the company’s stock.
Cass Information Systems Profile
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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