Cass Information Systems' (CASS) Hold (C) Rating Reaffirmed at Weiss Ratings

Key Points

• Cass Information Systems has had its "hold (c)" rating reaffirmed by Weiss Ratings, following similar ratings from other analysts including an upgrade by Wall Street Zen from "sell" to "hold."
• The company's stock price recently decreased by 0.3%, trading at $38.59, with a fifty-two week range between $38.01 and $47.14.
• In its latest quarterly earnings, Cass reported an EPS of $0.38, missing analysts' expectations, and a revenue of $44.40 million, below the anticipated $48.12 million.

Cass Information Systems (NASDAQ:CASS - Get Free Report)'s stock had its "hold (c)" rating reiterated by analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

CASS has been the topic of several other reports. Wall Street Zen upgraded shares of Cass Information Systems from a "sell" rating to a "hold" rating in a report on Monday, August 18th. Raymond James Financial set a $47.00 price target on shares of Cass Information Systems and gave the company an "outperform" rating in a research report on Tuesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Cass Information Systems has an average rating of "Moderate Buy" and an average price target of $46.50.

Cass Information Systems Trading Down 0.3%

NASDAQ CASS traded down $0.11 on Wednesday, reaching $38.59. 40,887 shares of the company were exchanged, compared to its average volume of 52,954. The business's fifty day moving average price is $41.71 and its 200 day moving average price is $42.10. The stock has a market capitalization of $510.16 million, a P/E ratio of 24.97 and a beta of 0.46. Cass Information Systems has a fifty-two week low of $38.01 and a fifty-two week high of $47.14.

Cass Information Systems (NASDAQ:CASS - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The business services provider reported $0.38 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.34). The company had revenue of $44.40 million for the quarter, compared to analysts' expectations of $48.12 million. Cass Information Systems had a return on equity of 9.02% and a net margin of 13.22%. Equities research analysts forecast that Cass Information Systems will post 2.62 earnings per share for the current year.

Institutional Trading of Cass Information Systems

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Cass Information Systems by 0.6% in the first quarter. Vanguard Group Inc. now owns 801,473 shares of the business services provider's stock valued at $34,664,000 after purchasing an additional 4,504 shares during the period. Heartland Advisors Inc. raised its position in Cass Information Systems by 13.7% in the 1st quarter. Heartland Advisors Inc. now owns 473,926 shares of the business services provider's stock valued at $20,497,000 after purchasing an additional 56,979 shares in the last quarter. Speece Thorson Capital Group Inc. boosted its stake in shares of Cass Information Systems by 2.2% in the 2nd quarter. Speece Thorson Capital Group Inc. now owns 330,036 shares of the business services provider's stock valued at $14,340,000 after buying an additional 7,118 shares during the period. ProShare Advisors LLC grew its position in shares of Cass Information Systems by 63.7% during the second quarter. ProShare Advisors LLC now owns 278,138 shares of the business services provider's stock worth $12,085,000 after buying an additional 108,185 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its position in shares of Cass Information Systems by 92.0% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 141,770 shares of the business services provider's stock worth $6,132,000 after buying an additional 67,950 shares in the last quarter. Hedge funds and other institutional investors own 59.08% of the company's stock.

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.

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