Cass Information Systems (NASDAQ:CASS) Announces Earnings Results

Cass Information Systems (NASDAQ:CASS) released its quarterly earnings data on Thursday. The business services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.10), Zacks reports. Cass Information Systems had a net margin of 11.52% and a return on equity of 9.92%.

Cass Information Systems Trading Up 3.9 %

Cass Information Systems stock opened at $41.95 on Thursday. The stock has a 50-day moving average price of $42.51 and a two-hundred day moving average price of $42.02. Cass Information Systems has a 12 month low of $37.99 and a 12 month high of $50.25. The company has a market capitalization of $569.23 million, a PE ratio of 24.72 and a beta of 0.73.

Wall Street Analyst Weigh In

Separately, Piper Sandler lifted their price target on shares of Cass Information Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report on Friday, October 18th.

About Cass Information Systems

Cass Information Systems, Inc provides payment and information processing services to manufacturing, distribution, and retail enterprises in the United States. The company operates through two segments, Information Services and Banking Services. Its services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information.