Cass Information Systems, Inc. (CASS)

In the past six months, Cass reported its second-quarter 2025 results, indicating a doubling of profit and exceeding estimates. A new analyst forecast set a price target of $50.0 for CASS. Cass announced the sale of its Telecom Expense Management business to Asignet. CEO Martin Resch acquired 500 shares of common stock on August 4, 2025, and again on October 2, 2025. The ex-dividend date for a $0.31 dividend was September 5, 2025, with payment on September 15, 2025. Cass acquired the AcuAudit platform from Acuitive Solutions. The company reported its third-quarter 2025 results, with a net income of $9.1 million and diluted earnings per share of $0.68. A fourth-quarter dividend of $0.32 per share was declared on October 21, 2025, payable on December 15, 2025. While the stock price has seen a 6.09% rise in the last week, it experienced a 5.17% fall in the last month and a 2.67% decrease over the past six months. Reports from Cass Information Systems also indicated that overall freight fundamentals remained weak in September, impacting the truckload market.

For its freight-related services, the Cass Freight Index indicates a normal seasonal pattern where the shipments component typically rises by about 3% in April. However, the index has shown a general decline in shipments in 2023, 2024 and 2025. The overall freight fundamentals have also been reported as weak, impacting the truckload market. Cass Information Systems sold its Telecom Expense Management business in July 2025, making its specific demand seasonality less relevant for future operations. While general energy assistance programs might see higher demand in colder months, specific demand seasonality for Cass's utility and waste expense management products and services is not explicitly detailed.

Cass Information Systems, Inc. provides integrated information and payment management solutions, primarily serving large manufacturing, distribution, and retail enterprises. The company operates in Information Services and Banking Services. Its core offerings include transportation invoice rating, payment processing, auditing, accounting, and transportation information. Cass processes and pays energy, telecommunication, and environmental invoices, and offers waste and other facility-related expense management. Cass Commercial Bank supports the parent organization with financial exchange capabilities. The company's sector is Commercial Services, and its industry is Miscellaneous Commercial Services. Major products include freight audit and payment, utility bill management, waste expense management, and working capital solutions for shippers and carriers.

Headquartered in St. Louis, Missouri, Cass Information Systems has a global presence with operations in Europe, South America, Singapore, and the United Kingdom. Cass processes invoices covering over 185 countries across six continents and can facilitate payments in 114 currencies.

In early 2024, Cass Information Systems experienced a cybersecurity incident involving a CassPay client, which resulted in an indirect balance sheet reduction of $100 million. The company also acknowledges that ESG risks could affect its reputation and stock price. No other specific events directly impacting Cass Information Systems' brand reputation in the past year were prominently reported.

Cass Information Systems is primarily owned by institutional shareholders (55.25%), followed by Cass Information Systems insiders (20.63%), and retail investors (24.13%). Major institutional owners include BlackRock, Inc., Vanguard Group Inc, Heartland Advisors Inc, Dimensional Fund Advisors Lp, Fenimore Asset Management Inc, State Street Corp, Speece Thorson Capital Group Inc, Geode Capital Management LLC, Tributary Capital Management, Llc and Proshare Advisors Llc. The largest individual shareholder is Andrew J. Signorelli, who owns 708,894 shares, representing 5.36% of the company.