Price Action Report: Cass Information Systems on Focus After Trading At 52-Week Highs

Price Action Report: Cass Information Systems on Focus After Trading At 52 Week Highs

The stock of Cass Information Systems (NASDAQ:CASS) hit a new 52-week high and has $107.22 target or 57.00% above today’s $68.29 share price. The 7 months bullish chart indicates low risk for the $796.11M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $107.22 price target is reached, the company will be worth $453.78M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 29,029 shares traded hands or 37.14% up from the average. Cass Information Systems (NASDAQ:CASS) has risen 34.22% since April 15, 2016 and is uptrending. It has outperformed by 29.60% the S&P500.

According to Zacks Investment Research, “Cass is a leading provider of payables services and information support systems to companies throughout North America.”

Insitutional Activity: The institutional sentiment decreased to 1 in Q2 2016. Its down 0.15, from 1.15 in 2016Q1. The ratio fall, as 3 funds sold all Cass Information Systems shares owned while 32 reduced positions. 8 funds bought stakes while 27 increased positions. They now own 5.05 million shares or 2.91% less from 5.20 million shares in 2016Q1.
Schwab Charles Invest Mgmt owns 34,792 shares or 0% of their US portfolio. Citadel Advsr Ltd Co last reported 0% of its portfolio in the stock. Ubs Asset Mngmt Americas last reported 0% of its portfolio in the stock. Envestnet Asset Mgmt Incorporated holds 0% of its portfolio in Cass Information Systems (NASDAQ:CASS) for 7,820 shares. Blackrock Institutional Trust Co Na reported 242,699 shares or 0% of all its holdings. Blackrock Fund Advisors has 0% invested in the company for 283,882 shares. Brown Advisory Inc holds 0% or 6,050 shares in its portfolio. Teachers Retirement Of The State Of Kentucky accumulated 0.01% or 20,245 shares. Huntington Savings Bank has 2,820 shares for 0% of their US portfolio. Financial Bank Of Montreal Can holds 1,067 shares or 0% of its portfolio. Benedict reported 4,023 shares or 0.12% of all its holdings. Vanguard Grp last reported 0% of its portfolio in the stock. The Ontario – Canada-based Royal Bank Of Canada has invested 0% in Cass Information Systems (NASDAQ:CASS). Moreover, Cetera Advisor Netwr Limited Liability Com has 0.02% invested in Cass Information Systems (NASDAQ:CASS) for 7,199 shares. Great West Life Assurance Communications Can has 907 shares for 0% of their US portfolio.

Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 3 sales for $343,089 net activity. The insider MATHIAS ROBERT J sold $45,664. The insider BRUNNGRABER ERIC H sold 4,818 shares worth $254,000.

More notable recent Cass Information Systems (NASDAQ:CASS) news were published by: Stltoday.com which released: “Cass Information Systems profits slip” on April 20, 2015, also Bizjournals.com with their article: “Cass Information adds customers, revenue and profit” published on July 27, 2016, Stltoday.com published: “Cass Information Systems reports higher 4Q profit” on January 29, 2015. More interesting news about Cass Information Systems (NASDAQ:CASS) were released by: Stltoday.com and their article: “Cass Information Systems promotes Mark Campbell to a division president” published on February 20, 2015 as well as Reuters.com‘s news article titled: “BRIEF-Cass Information Systems qtrly revenues $31.6 mln vs $30.6 mln” with publication date: October 20, 2016.

CASS Company Profile

Cass Information Systems, Inc. (Cass), incorporated on July 1, 1982, is a well-known provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Firm provides transportation invoice rating, payment processing, auditing, accounting and transportation information. It is also a processor and payer of energy invoices, including electricity, gas, waste, and other facility related expenses. The Firm operates in two divisions: Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large firms. The Banking Services segment provides banking services primarily to privately held businesses and churches. The Company, through its bank subsidiary, Cass Commercial Bank (the Bank), provides commercial banking services.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment