Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cass Information Systems (NASDAQ:CASS) Stock Price
News coverage about Cass Information Systems (NASDAQ:CASS) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cass Information Systems earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 47.1840656315101 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Cass Information Systems (NASDAQ:CASS) traded up 0.03% during midday trading on Monday, reaching $62.76. 53,506 shares of the company were exchanged. The company has a market capitalization of $702.60 million, a P/E ratio of 27.89 and a beta of 1.17. The stock has a 50-day moving average price of $65.92 and a 200 day moving average price of $65.01. Cass Information Systems has a 52-week low of $51.81 and a 52-week high of $74.83.
Cass Information Systems (NASDAQ:CASS) last issued its quarterly earnings data on Thursday, July 27th. The business services provider reported $0.58 EPS for the quarter. Cass Information Systems had a net margin of 19.63% and a return on equity of 12.06%. The business had revenue of $33.66 million for the quarter. Equities research analysts expect that Cass Information Systems will post $2.07 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, September 5th will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.47%. Cass Information Systems’s payout ratio is 40.71%.
Separately, BidaskClub cut shares of Cass Information Systems from a “sell” rating to a “strong sell” rating in a report on Saturday.
In related news, COO Gary B. Langfitt sold 750 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $65.50, for a total value of $49,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert J. Mathias sold 698 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $65.00, for a total transaction of $45,370.00. The disclosure for this sale can be found here. Company insiders own 5.01% of the company’s stock.
Cass Information Systems Company Profile
Cass Information Systems, Inc (Cass) is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States with operating locations in Missouri, Ohio, Massachusetts, South Carolina and Florida. The Company provides transportation invoice rating, payment processing, auditing, accounting and transportation information.
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