Cass Information Systems (NASDAQ:CASS – Get Free Report) posted its quarterly earnings data on Thursday. The business services provider reported $0.33 EPS 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 Stock Down 0.9 %
Shares of NASDAQ:CASS opened at $41.10 on Friday. Cass Information Systems has a fifty-two week low of $37.99 and a fifty-two week high of $50.25. The firm’s 50-day simple moving average is $42.38 and its 200-day simple moving average is $42.02. The company has a market cap of $557.73 million, a price-to-earnings ratio of 24.76 and a beta of 0.73.
Analyst Upgrades and Downgrades
Separately, Piper Sandler upped their price target on Cass Information Systems from $44.00 to $45.00 and gave the stock an “overweight” rating in a research note 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.
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