Insider Selling: Cass Information Systems, Inc (CASS) COO Sells $49,125.00 in Stock

Cass Information Systems, Inc (NASDAQ:CASS) COO Gary B. Langfitt sold 750 shares of Cass Information Systems stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $65.50, for a total transaction of $49,125.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Cass Information Systems, Inc (NASDAQ CASS) traded down 0.60% during midday trading on Friday, hitting $65.98. 42,705 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $64.04 and its 200 day moving average price is $66.46. Cass Information Systems, Inc has a one year low of $48.51 and a one year high of $74.83. The firm has a market cap of $738.65 million, a PE ratio of 29.99 and a beta of 1.21.

Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings data on Thursday, April 27th. The business services provider reported $0.56 earnings per share (EPS) for the quarter. Cass Information Systems had a net margin of 19.53% and a return on equity of 11.77%. The company had revenue of $32.29 million during the quarter. Equities research analysts forecast that Cass Information Systems, Inc will post $2.07 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Friday, June 2nd were given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.39%. The ex-dividend date was Wednesday, May 31st. Cass Information Systems’s dividend payout ratio (DPR) is 41.82%.

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About Cass Information Systems

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.

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