BidaskClub Upgrades Cass Information Systems (CASS) to Buy

Cass Information Systems (NASDAQ:CASS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, ValuEngine upgraded shares of Cass Information Systems from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th.

NASDAQ CASS opened at $65.53 on Thursday. Cass Information Systems has a one year low of $54.37 and a one year high of $74.49. The company has a market capitalization of $805.65 million, a PE ratio of 26.86 and a beta of 0.89.

A number of hedge funds have recently added to or reduced their stakes in CASS. BlackRock Inc. raised its holdings in Cass Information Systems by 7.3% during the second quarter. BlackRock Inc. now owns 771,994 shares of the business services provider’s stock worth $53,128,000 after purchasing an additional 52,831 shares in the last quarter. Commerce Bank acquired a new stake in Cass Information Systems during the third quarter worth approximately $3,013,000. WCM Investment Management CA raised its holdings in Cass Information Systems by 31.2% during the third quarter. WCM Investment Management CA now owns 152,024 shares of the business services provider’s stock worth $9,900,000 after purchasing an additional 36,180 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Cass Information Systems during the second quarter worth approximately $2,423,000. Finally, Dimensional Fund Advisors LP raised its holdings in Cass Information Systems by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 420,044 shares of the business services provider’s stock worth $24,997,000 after purchasing an additional 18,830 shares in the last quarter. 52.53% of the stock is currently owned by institutional investors.

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. 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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