Cass Information Systems (NASDAQ:CASS) Issues Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Cass Information Systems (NASDAQ:CASS) issued its quarterly earnings data on Thursday. The business services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.10), Zacks reports. Cass Information Systems had a return on equity of 9.92% and a net margin of 11.52%.

Cass Information Systems Stock Up 2.7 %

Shares of CASS opened at $41.46 on Friday. The stock’s fifty day simple moving average is $42.51 and its 200-day simple moving average is $42.02. The firm has a market capitalization of $562.61 million, a PE ratio of 24.98 and a beta of 0.73. Cass Information Systems has a 12-month low of $37.99 and a 12-month high of $50.25.

Analysts Set New Price Targets

Separately, Piper Sandler increased their price target on shares of Cass Information Systems from $44.00 to $45.00 and gave the company an “overweight” rating in a research note 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.