Kayne Anderson Rudnick Investment Management Llc Opened Huge Cass Information Systems Inc Position

February 13, 2018 - By Louis Casey

 Kayne Anderson Rudnick Investment Management Llc Opened Huge Cass Information Systems Inc Position

Investors sentiment increased to 1.85 in 2017 Q3. Its up 0.74, from 1.11 in 2017Q2. It is positive, as 7 investors sold Cass Information Systems, Inc. shares while 19 reduced holdings. 11 funds opened positions while 37 raised stakes. 5.17 million shares or 2.66% less from 5.31 million shares in 2017Q2 were reported.

Bnp Paribas Arbitrage Sa holds 0% in Cass Information Systems, Inc. (NASDAQ:CASS) or 1,026 shares. Menta Ltd Limited Liability Company invested in 11,044 shares. Fdx Advsr, a California-based fund reported 3,900 shares. Goldman Sachs Group has 25,630 shares for 0% of their portfolio. Vanguard Inc holds 0% or 523,125 shares. Enterprise Financial invested in 0.92% or 29,325 shares. First Trust Ltd Partnership has 14,283 shares. Comml Bank Of America Corporation De reported 0% of its portfolio in Cass Information Systems, Inc. (NASDAQ:CASS). Swiss State Bank owns 18,600 shares. Pnc Finance Group Incorporated has 0% invested in Cass Information Systems, Inc. (NASDAQ:CASS). Deutsche Bank Ag invested in 0% or 54,142 shares. Spark Management Limited Liability Company owns 5,400 shares or 0.02% of their US portfolio. Gru Incorporated reported 0% of its portfolio in Cass Information Systems, Inc. (NASDAQ:CASS). Fifth Third Fincl Bank accumulated 656 shares or 0% of the stock. Voya Limited Liability stated it has 7,158 shares or 0% of all its holdings.

Since December 13, 2017, it had 1 insider purchase, and 1 insider sale for $148,878 activity. Clermont Ralph W bought $55,390 worth of Cass Information Systems, Inc. (NASDAQ:CASS) on Tuesday, February 6.

The New Kayne Anderson Rudnick Investment Management Llc Holding in Cass Information Systems Inc

Kayne Anderson Rudnick Investment Management Llc reported SC 13G/A form with the SEC for Cass Information Systems Inc. Access it here: 000114036118006852. As reported by Kayne Anderson Rudnick Investment Management Llc, the filler owns 9.64% or 1,184,573 shares of the Information Technology–company.

Cass Information Systems Inc stake is new for [reportingPerson]. Date of activity: December31,2017. This shows Kayne Anderson Rudnick Investment Management Llc’s positive view for Cass Information Systems Inc. For a institutional investor managing $9.04 billion in assets and having 72+ experts this is interesting position.

Cass Information Systems Inc Institutional Sentiment

Filings show 84 investors own Cass Information Systems Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 6885084. 12339684 were owned by these investors. 6 funds opened new Cass Information Systems Inc stakes, 27 increased positions. There were 6 that closed positions and 29 reduced them.

National Rural Electric Cooperative Association is an investor bullish on Cass Information Systems Inc, owning 161501 shares as of Q3 2015 for 0.15% of its portfolio. Riverbridge Partners Llc owns 588832 shares or 0.60% of its portfolio. MO Enterprise Financial Services Corp have 1.13% of its portfolio for 36116 shares. Further, Kayne Anderson Rudnick Investment Management Llc reported stake worth 0.94% of its portfolio. The NJ Quantum Capital Management Llc owns 187485 shares. Cass Information Systems Inc is 2.92% of its portfolio.

Business Profile

Cass Information Systems, Inc. (Cass) is a 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 Company 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 Company operates in two segments: Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to large corporations. 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.

SEC Form 13G.

Kayne Anderson Rudnick Investment Management Llc website.

The stock increased 0.20% or $0.12 during the last trading session, reaching $57.74. About 16,390 shares traded. Cass Information Systems, Inc. (NASDAQ:CASS) has risen 34.53% since February 13, 2017 and is uptrending. It has outperformed by 17.83% the S&P500.

Cass Information Systems, Inc. provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company has market cap of $709.16 million. It operates through two divisions, Information Services and Banking Services. It has a 28.72 P/E ratio. The company's services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.

More notable recent Cass Information Systems, Inc. (NASDAQ:CASS) news were published by: Seekingalpha.com which released: “Cass Information Systems: An Obscure, Wonderful Business” on July 21, 2016, also Businesswire.com with their article: “Quarter 2017 Earnings Up 11% at Cass Information Systems, Inc.” published on October 26, 2017, Nasdaq.com published: “Cass Information Systems, Inc (CASS) Ex-Dividend Date Scheduled for August 31 …” on August 30, 2017. More interesting news about Cass Information Systems, Inc. (NASDAQ:CASS) were released by: Businesswire.com and their article: “Cass Information Systems, Inc. Records All-Time High Earnings in 2017” published on February 01, 2018 as well as Stltoday.com‘s news article titled: “Cass Information Systems acquires UK-based Efftel” with publication date: March 06, 2017.

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