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

February 13, 2018 - By Vivian Currie

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

Investors sentiment increased to 1.85 in Q3 2017. Its up 0.74, from 1.11 in 2017Q2. It improved, 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.

Product Prtn Lc stated it has 7,612 shares or 0.02% of all its holdings. Rhumbline Advisers holds 0% of its portfolio in Cass Information Systems, Inc. (NASDAQ:CASS) for 12,624 shares. Moreover, Spark Investment Mngmt Ltd Limited Liability Company has 0.02% invested in Cass Information Systems, Inc. (NASDAQ:CASS) for 5,400 shares. Citadel Advsr Ltd Liability Co holds 14,958 shares. California Pub Employees Retirement System holds 11,500 shares or 0% of its portfolio. Parkside Savings Bank And Trust has invested 0% in Cass Information Systems, Inc. (NASDAQ:CASS). Moreover, Ubs Asset Management Americas has 0% invested in Cass Information Systems, Inc. (NASDAQ:CASS) for 4,681 shares. Phocas Corp accumulated 71,427 shares. Wcm Invest Mgmt Ca has invested 0.07% of its portfolio in Cass Information Systems, Inc. (NASDAQ:CASS). Employees Retirement Systems Of Ohio, a Ohio-based fund reported 23,742 shares. Invesco Ltd holds 0% in Cass Information Systems, Inc. (NASDAQ:CASS) or 7,822 shares. Smith Moore invested in 5,717 shares or 0.1% of the stock. 8,586 were reported by Manufacturers Life Insur The. Menta Capital Ltd reported 11,044 shares. Wells Fargo Communications Mn stated it has 12,555 shares.

Since December 13, 2017, it had 1 buying transaction, and 1 sale for $148,878 activity. Another trade for 3,268 shares valued at $204,268 was made by BRUNNGRABER ERIC H on Wednesday, December 13.

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: Stltoday.com which released: “Cass Information Systems profits slip” on April 20, 2015, also Stltoday.com with their article: “Cass Information Systems reports record earnings for 2016” published on February 06, 2017, Businesswire.com published: “Cass Information Systems, Inc. Records All-Time High Earnings in 2017” on February 01, 2018. More interesting news about Cass Information Systems, Inc. (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: “Quarter 2017 Earnings Up 11% at Cass Information Systems, Inc.” with publication date: October 26, 2017.

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