Cass Information Systems (NASDAQ:CASS – Get Free Report) had its target price lifted by research analysts at Piper Sandler from $44.00 to $45.00 in a note issued to investors on Friday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Piper Sandler’s price objective suggests a potential upside of 11.69% from the stock’s current price.
Cass Information Systems Stock Down 4.5 %
Shares of NASDAQ:CASS opened at $40.29 on Friday. The company has a market cap of $549.72 million, a price-to-earnings ratio of 18.40 and a beta of 0.70. The business has a 50 day moving average price of $41.52 and a 200 day moving average price of $42.25. Cass Information Systems has a twelve month low of $36.22 and a twelve month high of $50.25.
Cass Information Systems (NASDAQ:CASS – Get Free Report) last posted its quarterly earnings data on Thursday, July 18th. The business services provider reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.21). The business had revenue of $48.59 million during the quarter, compared to the consensus estimate of $50.00 million. Cass Information Systems had a net margin of 13.84% and a return on equity of 12.26%. Analysts anticipate that Cass Information Systems will post 1.85 EPS for the current year.
Institutional Inflows and Outflows
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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