Cass Information Systems (NASDAQ:CASS) Announces Quarterly Earnings Results

Cass Information Systems (NASDAQ:CASS) issued its quarterly earnings results on Thursday. The business services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 3.5 %

Shares of NASDAQ:CASS opened at $41.80 on Thursday. Cass Information Systems has a twelve month low of $37.99 and a twelve month high of $50.25. The company’s 50 day moving average is $42.51 and its 200 day moving average is $42.02. The company has a market cap of $567.24 million, a PE ratio of 25.18 and a beta of 0.73.

Wall Street Analyst Weigh In

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

Cass Information Systems Company Profile

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.