Cass Information Systems (NASDAQ:CASS – Get Free Report) announced its earnings results on Thursday. The business services provider reported $0.33 earnings per share (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 Trading Up 3.5 %
Shares of CASS opened at $41.80 on Thursday. Cass Information Systems has a 12 month low of $37.99 and a 12 month high of $50.25. The stock has a fifty day moving average price of $42.51 and a 200-day moving average price of $42.02. The firm 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 raised their price target on shares of Cass Information Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a report 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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