Cass Information SystemsCASS
CASS
About: Cass Information Systems Inc is a provider of payment and information processing services to large manufacturing, distribution and retail enterprises across the United States. 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. It operates in two segments: Information Services and Banking Services. The firm generates maximum revenue from the Information Services segment.
Employees: 1,209
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
3% more capital invested
Capital invested by funds: $324M [Q2] → $335M (+$10.9M) [Q3]
0.12% less ownership
Funds ownership: 59.24% [Q2] → 59.12% (-0.12%) [Q3]
1% less funds holding
Funds holding: 135 [Q2] → 134 (-1) [Q3]
6% less first-time investments, than exits
New positions opened: 16 | Existing positions closed: 17
13% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 45
63% less call options, than puts
Call options by funds: $79K | Put options by funds: $216K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$45
7%
upside
Avg. target
$45
7%
upside
High target
$45
7%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Piper Sandler Frank Schiraldi 65% 1-year accuracy 17 / 26 met price target | 7%upside $45 | Overweight Maintained | 18 Oct 2024 |
Financial journalist opinion
Positive
Seeking Alpha
3 weeks ago
14 Upcoming Dividend Increases, Including A King
Happy Thanksgiving! Enjoy the holiday season and dividend raises. Fourteen companies increased dividends this week, with Lancaster Colony extending its 62-year streak by 5.6%. The average dividend increase is 5.5%, and McDonald's will become a dividend king next year with a 49-year streak. My strategy involves buying, holding, and adding to companies that consistently increase dividends and beat benchmarks, using data from U.S. Dividend Champions and NASDAQ.
Neutral
Business Wire
1 month ago
Cass Information Systems Forms Strategic Partnership with Brazilian Firm Lupeon to Drive Global Growth
ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS) (“Cass”), the leading global provider of freight audit and payment solutions, has announced a partnership with Lupeon, Brazil's leading freight audit provider, to deliver an in-region solution for Cass's global client base. U.S.-based Cass provides a global solution covering all other regions of South America. In Brazil, unique regulatory requirements for freight charges necessitate a highly distinct process. An invoice c.
Positive
Seeking Alpha
1 month ago
Cass Information Systems: Safe Dividend But Efficiency Needs Urgent Improvement
Cass Information Systems operates in two segments: Information Services and Banking Services, with a diverse client base and international presence. Cass's invoice processing and banking services give it a competitive advantage, but improving efficiency is still a top priority. Cass has a long-standing dividend history with low growth lately, supported by a strong balance sheet and no debt.
Negative
Zacks Investment Research
2 months ago
Cass Information Systems (CASS) Lags Q3 Earnings Estimates
Cass Information Systems (CASS) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.54 per share a year ago.
Neutral
Business Wire
2 months ago
Cass Information Systems Reports Third Quarter 2024 Results
ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported third quarter 2024 earnings of $0.21 per diluted share, as compared to $0.54 in the third quarter of 2023 and $0.32 in the second quarter of 2024. Net income for the period was $2.9 million, as compared to $7.4 million in the third quarter of 2023 and $4.5 million in the second quarter of 2024. Net income and earnings per diluted share were negatively impacted by $6.6 million of bad debt ex.
Neutral
Business Wire
2 months ago
Cass Information Systems Receives GSA Multiple Award Schedule Contract for Freight Audit and Payment
ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS) (Cass), a leading provider of global payment solutions, has received a Multiple Award Schedule contract with the General Services Administration (GSA). This pre-approved contract enables government and federal agencies to efficiently award business to Cass for freight audit and payment services for all transportation modes. Cass, a provider of payment solutions for diverse spend categories, processed $90B in payables in 2.
Neutral
Zacks Investment Research
5 months ago
Is the Options Market Predicting a Spike in Cass Information Systems (CASS) Stock?
Investors need to pay close attention to Cass Information Systems (CASS) stock based on the movements in the options market lately.
Negative
Zacks Investment Research
5 months ago
Cass Information Systems (CASS) Q2 Earnings and Revenues Miss Estimates
Cass Information Systems (CASS) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.52 per share a year ago.
Neutral
Business Wire
5 months ago
Cass Information Systems reports Second Quarter 2024 Results
ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported second quarter 2024 earnings of $0.32 per diluted share, as compared to $0.52 in the second quarter of 2023 and $0.52 in the first quarter of 2024. Net income for the period was $4.5 million, as compared to $7.1 million in the second quarter of 2023 and $7.2 million in the first quarter of 2024. Martin Resch, the Company's President and Chief Executive Officer, noted, “The first half of 202.
Neutral
Zacks Investment Research
5 months ago
Cass Information Systems (CASS) Earnings Expected to Grow: What to Know Ahead of Q2 Release
Cass (CASS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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