Piper Sandler initiated coverage on Cass Information Systems
$CASS
Business Services
Consumer Discretionary
Piper Sandler initiated coverage of Cass Information Systems with a rating of Neutral
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/12/2024 | $45.00 → $51.00 | Neutral → Overweight | Piper Sandler |
| 12/6/2022 | Neutral | Piper Sandler |
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
8-K - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
DEF 14A - CASS INFORMATION SYSTEMS INC (0000708781) (Filer)
SC 13G/A - CASS INFORMATION SYSTEMS INC (0000708781) (Subject)
SC 13G/A - CASS INFORMATION SYSTEMS INC (0000708781) (Subject)
SC 13G/A - CASS INFORMATION SYSTEMS INC (0000708781) (Subject)
Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported first quarter 2025 earnings of $0.66 per diluted share, as compared to $0.52 in the first quarter of 2024 and $0.33 in the fourth quarter of 2024. Net income for the period was $9.0 million, an increase of 25.4% from $7.2 million in the same period in 2024 and an increase of $4.4 million, or 95.2%, as compared to the fourth quarter of 2024. First Quarter Results All comparisons refer to the first quarter of 2024, except as noted. On April 7, 2025, the Company signed an Asset Purchase Agreement providing for the sale of its Telecom Expense Management & Managed Mobility Services ("TEM") business to Asignet USA Inc.
Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) has entered into an Asset Purchase Agreement to sell its Telecom Expense Management & Managed Mobility Services (TEM) business to Asignet USA Inc. (Asignet), a market-leading hyper-automation IT expense management provider. Martin Resch, the Company's President and Chief Executive Officer, said, "The sale of our TEM business is consistent with our strategy of focusing our capital investments on our proficiencies in financial exchange and information processing. We believe this transaction will create a great deal of value for our customers given Asignet's significant investment in products and services in this space. Asign
NEW YORK, March 3, 2025 /PRNewswire/ -- Today's Marketplace (TMP) is proud to announce a featured interview with Martin Resch, President & CEO of Cass Information Systems (NASDAQ: CASS), and Anthony R. Hendrickson, PH.D, Dean of the Heider College of Business, Creighton University. The two men joined TMP's host Jane King to discuss the financial implications of invoice fraud and other security issues involving payables which have become a substantial concern for businesses of all sizes. Approximately 80% of businesses experience some type of invoice fraud severe enough to impact their bottom line.The full interview can be viewed online. "When we think about AP p
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
4 - CASS INFORMATION SYSTEMS INC (0000708781) (Issuer)
Piper Sandler upgraded Cass Information Systems from Neutral to Overweight and set a new price target of $51.00 from $45.00 previously
Piper Sandler initiated coverage of Cass Information Systems with a rating of Neutral
Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported first quarter 2025 earnings of $0.66 per diluted share, as compared to $0.52 in the first quarter of 2024 and $0.33 in the fourth quarter of 2024. Net income for the period was $9.0 million, an increase of 25.4% from $7.2 million in the same period in 2024 and an increase of $4.4 million, or 95.2%, as compared to the fourth quarter of 2024. First Quarter Results All comparisons refer to the first quarter of 2024, except as noted. On April 7, 2025, the Company signed an Asset Purchase Agreement providing for the sale of its Telecom Expense Management & Managed Mobility Services ("TEM") business to Asignet USA Inc.
Fourth Quarter Results (All comparisons refer to the fourth quarter of 2023, except as noted) Net income of $4.6 million, or $0.33 per diluted common share. Successfully terminated defined benefit pension plan resulting in one-time expense of $3.5 million. Increase in net interest margin to 3.55% from 3.30%. Increase in facility expense transaction volumes of 20.3%. Completed acquisition of AcuAudit from Acuitive Solutions LLC. Maintained exceptional credit quality, with no non-performing loans or charge-offs. Repurchased 79,713 shares of Company stock at weighted average price of $44.02. Cass Information Systems, Inc. (NASDAQ:CASS), (the Company or Cass) reported fo
Cass Information Systems, Inc. (NASDAQ:CASS) (Cass), the leading global provider of freight audit & payment solutions, has acquired AcuAudit, the premier freight audit platform for ocean and international air freight, from Acuitive Solutions LLC. Global shippers choose AcuAudit for its advanced audit and accounting automation capabilities. Shippers especially value the solution because it enables a fast and accurate understanding of landed costs at the product level. "The Acuitive team has built a truly exceptional solution to support the advanced needs of global shippers," said Tony Urban, president of Cass's freight audit and payment group. "Today, with a best-in-class solution for ev