Cass Information Systems (NASDAQ:CASS) Downgraded by StockNews.com

Cass Information Systems (NASDAQ:CASS) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other analysts also recently commented on the company. TheStreet downgraded Cass Information Systems from a “b-” rating to a “c” rating in a report on Thursday, January 25th. Piper Sandler raised shares of Cass Information Systems from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $45.00 to $51.00 in a research report on Monday, February 12th.

Cass Information Systems Stock Up 0.4 %

CASS stock opened at $43.62 on Friday. The company has a market cap of $594.54 million, a price-to-earnings ratio of 19.92 and a beta of 0.73. The business has a fifty day simple moving average of $46.37 and a 200-day simple moving average of $43.51. Cass Information Systems has a 52 week low of $35.05 and a 52 week high of $50.25.

Cass Information Systems (NASDAQ:CASS) last released its quarterly earnings data on Thursday, January 25th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.13. The business had revenue of $50.74 million during the quarter, compared to the consensus estimate of $48.33 million. Cass Information Systems had a return on equity of 13.86% and a net margin of 15.21%. As a group, analysts expect that Cass Information Systems will post 2.35 earnings per share for the current fiscal year.

Institutional Trading of Cass Information Systems

Institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new stake in Cass Information Systems during the 4th quarter worth $114,000. SG Americas Securities LLC purchased a new position in Cass Information Systems in the 4th quarter valued at about $173,000. Dumont & Blake Investment Advisors LLC acquired a new stake in shares of Cass Information Systems during the first quarter valued at about $207,000. Compass Ion Advisors LLC acquired a new stake in shares of Cass Information Systems during the first quarter valued at about $223,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Cass Information Systems by 7.9% during the third quarter. PNC Financial Services Group Inc. now owns 6,725 shares of the business services provider’s stock valued at $251,000 after acquiring an additional 490 shares in the last quarter. 59.08% of the stock is owned by hedge funds and other institutional investors.

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.