--- title: "Cass Information Systems (NASDAQ:CASS) Sets New 1-Year High - Time to Buy?" type: "News" locale: "en" url: "https://longbridge.com/en/news/294999985.md" description: "Cass Information Systems (NASDAQ:CASS) shares hit a new 52-week high of $57.65. Analysts have revised ratings and price targets, with Zacks upgrading to 'strong-buy' and Weiss raising its rating. The consensus rating is 'Buy' with an average target of $54.00. Recent earnings missed estimates slightly, but institutional investors like JPMorgan and Teacher Retirement System of Texas significantly increased their stakes. The company also announced a quarterly dividend of $0.32." datetime: "2026-08-05T18:20:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294999985.md) - [en](https://longbridge.com/en/news/294999985.md) - [zh-HK](https://longbridge.com/zh-HK/news/294999985.md) generator: "portal-rs" --- # Cass Information Systems (NASDAQ:CASS) Sets New 1-Year High - Time to Buy? Cass Information Systems, Inc (NASDAQ:CASS - Get Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $57.65 and last traded at $57.3850, with a volume of 24849 shares traded. The stock had previously closed at $57.05. ## Analysts Set New Price Targets CASS has been the subject of a number of analyst reports. Weiss Ratings raised shares of Cass Information Systems from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, May 7th. Raymond James Financial raised their price objective on Cass Information Systems from $52.00 to $56.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. Piper Sandler set a $52.00 price objective on Cass Information Systems and gave the company a "neutral" rating in a research report on Friday, June 12th. Finally, Zacks Research upgraded shares of Cass Information Systems from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $54.00. **Get Our Latest Report on CASS** ## Cass Information Systems Price Performance The company has a market capitalization of $736.03 million, a price-to-earnings ratio of 20.57 and a beta of 0.41. The firm has a 50-day moving average price of $51.12 and a two-hundred day moving average price of $47.38. Cass Information Systems (NASDAQ:CASS - Get Free Report) last announced its earnings results on Thursday, July 23rd. The business services provider reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.01). Cass Information Systems had a net margin of 18.45% and a return on equity of 14.91%. The firm had revenue of $49.94 million during the quarter, compared to analyst estimates of $51.02 million. On average, equities analysts predict that Cass Information Systems, Inc will post 2.96 EPS for the current year. ## Cass Information Systems Dividend Announcement The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 14th. Stockholders of record on Friday, September 4th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, September 4th. Cass Information Systems's payout ratio is currently 46.04%. ## Institutional Investors Weigh In On Cass Information Systems Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its holdings in shares of Cass Information Systems by 85.6% in the 4th quarter. Teacher Retirement System of Texas now owns 85,833 shares of the business services provider's stock valued at $3,564,000 after acquiring an additional 39,582 shares in the last quarter. Punch & Associates Investment Management Inc. acquired a new stake in shares of Cass Information Systems in the 1st quarter valued at approximately $4,977,000. Speece Thorson Capital Group Inc. grew its stake in shares of Cass Information Systems by 3.9% in the fourth quarter. Speece Thorson Capital Group Inc. now owns 364,597 shares of the business services provider's stock valued at $15,138,000 after buying an additional 13,524 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Cass Information Systems by 174.9% in the third quarter. JPMorgan Chase & Co. now owns 18,687 shares of the business services provider's stock valued at $735,000 after buying an additional 11,890 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd increased its holdings in Cass Information Systems by 214.9% during the first quarter. Y Intercept Hong Kong Ltd now owns 25,020 shares of the business services provider's stock worth $1,101,000 after buying an additional 17,074 shares during the last quarter. 59.08% of the stock is currently owned by institutional investors and hedge funds. ## Cass Information Systems Company Profile (Get Free Report) 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. The company also processes and pays facility-related invoices, such as electricity, gas, waste, and telecommunications expenses; and provides telecom expense management solutions, as well as church management software solution and on-line platform to provide generosity services for faith-based and non-profit organizations. ## Featured Articles - Five stocks we like better than Cass Information Systems - Ulta's Growth Is Real, But So Are the Risks - BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story - Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth - AMD’s Post-Earnings Drop May Be the Opportunity Investors Wanted *This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in Cass Information Systems Right Now? Before you consider Cass Information Systems, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cass Information Systems wasn't on the list. While Cass Information Systems currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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