Cass Information Systems (NASDAQ:CASS) Rating Increased to Hold at Piper Sandler

Posted by Brian Himes on Jun 13th, 2026

Piper Sandler upgraded shares of Cass Information Systems (NASDAQ:CASS – Free Report) to a hold rating in a research note released on Friday,Zacks.com reports.

Separately, Weiss Ratings upgraded Cass Information Systems from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Cass Information Systems has an average rating of “Moderate Buy” and an average price target of $51.00.

Read Our Latest Analysis on CASS

Cass Information Systems Price Performance

CASS opened at $49.45 on Friday. The stock’s 50 day simple moving average is $46.81 and its 200 day simple moving average is $44.73. Cass Information Systems has a 1 year low of $36.07 and a 1 year high of $52.45. The firm has a market cap of $636.42 million, a price-to-earnings ratio of 18.80 and a beta of 0.43.

Cass Information Systems (NASDAQ:CASS – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The business services provider reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Cass Information Systems had a return on equity of 13.26% and a net margin of 18.08%.The business had revenue of $27.95 million for the quarter, compared to analyst estimates of $49.40 million. As a group, sell-side analysts anticipate that Cass Information Systems will post 3 EPS for the current year.

Cass Information Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, June 5th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.28 annualized dividend and a dividend yield of 2.6%. Cass Information Systems’s dividend payout ratio (DPR) is presently 48.67%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cass Information Systems by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,022 shares of the business services provider’s stock worth $347,000 after purchasing an additional 312 shares in the last quarter. Natixis Advisors LLC raised its holdings in Cass Information Systems by 3.4% in the 3rd quarter. Natixis Advisors LLC now owns 11,048 shares of the business services provider’s stock worth $435,000 after purchasing an additional 367 shares in the last quarter. BNP Paribas Financial Markets boosted its position in Cass Information Systems by 50.7% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,227 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 413 shares in the last quarter. Glenmede Investment Management LP boosted its position in Cass Information Systems by 5.1% during the 3rd quarter. Glenmede Investment Management LP now owns 8,765 shares of the business services provider’s stock valued at $345,000 after acquiring an additional 422 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Cass Information Systems by 3.1% during the 4th quarter. Invesco Ltd. now owns 18,761 shares of the business services provider’s stock valued at $779,000 after acquiring an additional 563 shares in the last quarter. 59.08% of the stock is currently owned by institutional investors.

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.