The stock of Cass Information Systems (NASDAQ:CASS) reached all time high today, Nov, 21 and still has $116.26 target or 61.00% above today’s $72.21 share price. This indicates more upside for the $825.10M company. This technical setup was reported by Barchart.com. If the $116.26 PT is reached, the company will be worth $503.31 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 2.64% or $1.86 during the last trading session, hitting $72.21. About 17,564 shares traded hands. Cass Information Systems (NASDAQ:CASS) has risen 40.08% since April 19, 2016 and is uptrending. It has outperformed by 36.22% 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 increased to 1.17 in 2016 Q2. Its up 0.17, from 1 in 2016Q1. The ratio is positive, 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.
Citadel Ltd Liability Corp last reported 0% of its portfolio in the stock. Teachers Retirement System Of The State Of Kentucky owns 20,245 shares or 0.01% of their US portfolio. Royal Retail Bank Of Canada last reported 0% of its portfolio in the stock. Wellington Mngmt Grp Ltd Liability Partnership, a Massachusetts-based fund reported 313,744 shares. Moreover, California Employees Retirement has 0% invested in Cass Information Systems (NASDAQ:CASS) for 13,600 shares. Credit Suisse Ag holds 0% or 12,547 shares in its portfolio. Arrowpoint Asset Mgmt Ltd Com accumulated 85,076 shares or 0.09% of the stock. Bancorp Of Montreal Can holds 1,067 shares or 0% of its portfolio. Benedict Inc holds 0.12% or 4,023 shares in its portfolio. Invesco Limited has 0% invested in the company for 4,585 shares. Teacher Retirement Sys Of Texas has 1,600 shares for 0% of their US portfolio. Blackrock Institutional Na accumulated 0% or 242,699 shares. Bessemer Group Inc Inc accumulated 0% or 99 shares. Natl Bank Of Mellon Corporation last reported 0% of its portfolio in the stock. Financial Bank Of America De has invested 0% of its portfolio in Cass Information Systems (NASDAQ:CASS).
Insider Transactions: Since June 10, 2016, the stock had 0 insider purchases, and 3 insider sales for $343,089 net activity. Another trade for 772 shares valued at $43,425 was sold by MATHIAS ROBERT J. $254,000 worth of Cass Information Systems (NASDAQ:CASS) was sold by BRUNNGRABER ERIC H on Friday, July 29.
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 promotes Mark Campbell to a division president” on February 20, 2015. More interesting news about Cass Information Systems (NASDAQ:CASS) were released by: Seekingalpha.com and their article: “Cass Information Systems: An Obscure, Wonderful Business” published on July 21, 2016 as well as Businesswire.com‘s news article titled: “Joseph Rupp Joins Board of Directors of Cass Information Systems, Inc. (NASDAQ …” with publication date: October 21, 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.
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