Cass Information Systems (NASDAQ:CASS - Get Free Report) posted its quarterly earnings results on Thursday. The business services provider reported $0.38 earnings per share for the quarter, missing analysts' consensus estimates of $0.65 by ($0.27), Zacks reports. Cass Information Systems had a return on equity of 8.84% and a net margin of 10.71%.
Cass Information Systems Stock Performance
Shares of Cass Information Systems stock traded up $0.02 on Thursday, reaching $44.63. The company had a trading volume of 7,716 shares, compared to its average volume of 46,045. The firm's 50 day moving average price is $43.14 and its two-hundred day moving average price is $42.29. The firm has a market cap of $596.26 million, a PE ratio of 29.36 and a beta of 0.45. Cass Information Systems has a 52-week low of $37.99 and a 52-week high of $47.14.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the stock. Piper Sandler lowered their price target on shares of Cass Information Systems from $47.00 to $46.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Wall Street Zen upgraded shares of Cass Information Systems from a "sell" rating to a "hold" rating in a report on Sunday. Finally, Raymond James Financial assumed coverage on shares of Cass Information Systems in a report on Tuesday. They issued an "outperform" rating and a $50.00 target price on the stock.
Check Out Our Latest Report on Cass Information Systems
Institutional Investors Weigh In On Cass Information Systems
An institutional investor recently raised its position in Cass Information Systems stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cass Information Systems, Inc (NASDAQ:CASS - Free Report) by 4.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 8,022 shares of the business services provider's stock after acquiring an additional 312 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.06% of Cass Information Systems worth $347,000 as of its most recent filing with the SEC. 59.08% of the stock is currently owned by institutional investors.
Cass Information Systems Company Profile
(
Get Free Report)
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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