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Cass Information Systems
(NASDAQ:CASS)
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Rating:75Outperform
Price Target:
$62.00
▲(8.66% Upside)
Action:Reiterated
Date:10/22/26
The score is driven primarily by strong financial performance (high margins and robust cash flow) and supported by positive corporate developments (strong quarters and a dividend increase). These strengths are tempered by only mixed technical signals and a valuation that is reasonable rather than clearly cheap.
Positive Factors
High profitability and cash generation
Strong margins and close conversion of earnings into free cash flow indicate an efficient, cash-generative operating model. This supports reinvestment, dividends, and resilience while giving management flexibility to improve the platform and serve enterprise clients over the next several quarters.
Negative Factors
Uneven revenue trajectory
The prior annual revenue decline shows that Cass’s top-line expansion is not yet consistently steady. Uneven growth can make planning and operating leverage less predictable, and it may limit the pace at which the company can compound earnings if volumes soften.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability and cash generation
Strong margins and close conversion of earnings into free cash flow indicate an efficient, cash-generative operating model. This supports reinvestment, dividends, and resilience while giving management flexibility to improve the platform and serve enterprise clients over the next several quarters.
Read all positive factors
Cass Information Systems (CASS) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$701.52M
Dividend Yield2.33%
Average Volume (3M)78.51K
Price to Earnings (P/E)19.3
Beta (1Y)0.48
Revenue Growth2.06%
EPS Growth49.36%
CountryUS
Employees910
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)2.84
Shares Outstanding12,806,149
10 Day Avg. Volume62,865
30 Day Avg. Volume78,512
Financial Highlights & Ratios
PEG Ratio0.18
Price to Book (P/B)2.25
Price to Sales (P/S)2.86
P/FCF Ratio17.23
Enterprise Value/Market Cap0.75
Enterprise Value/Revenue2.59
Enterprise Value/Gross Profit2.69
Enterprise Value/Ebitda9.28
Forecast
1Y Price Target
$61.00Price Target Upside6.91% Upside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)2.99
Revenue Forecast (FY)$204.70M
Cass Information Systems Business Overview & Revenue Model
Company Description
Cass Information Systems, Inc. delivers specialized payment and data management services to a broad array of manufacturing, distribution, and retail businesses across the United States. The company's operations are divided into two main areas: Inf...
How the Company Makes Money
CASS generates revenue primarily by providing outsourced invoice processing and payment services to enterprise clients. In its Commercial Services business, customers outsource the handling of high-volume invoices (especially freight and utility b...
Cass Information Systems Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
78
Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 203.09M | 191.10M | 219.89M | 213.23M | 187.31M | 155.19M |
| Gross Profit | 195.46M | 191.10M | 187.66M | 187.14M | 174.42M | 143.67M |
| EBITDA | 56.72M | 45.96M | 30.21M | 42.44M | 47.60M | 38.99M |
| Net Income | 36.71M | 35.12M | 19.17M | 30.06M | 34.90M | 28.60M |
Balance Sheet | ||||||
| Total Assets | 2.52B | 2.61B | 2.40B | 2.48B | 2.57B | 2.55B |
| Cash, Cash Equivalents and Short-Term Investments | 237.57M | 392.27M | 877.75M | 999.59M | 955.41M | 1.19B |
| Total Debt | 80.00M | 4.51M | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.27B | 2.36B | 2.17B | 2.25B | 2.37B | 2.31B |
| Stockholders Equity | 244.66M | 243.00M | 229.03M | 229.81M | 206.32M | 245.80M |
Cash Flow | ||||||
| Free Cash Flow | 41.91M | 31.77M | 29.62M | 22.61M | 45.74M | 30.18M |
| Operating Cash Flow | 48.65M | 37.44M | 38.95M | 36.94M | 51.61M | 34.55M |
| Investing Cash Flow | -198.77M | -145.28M | 3.95M | 284.66M | -306.39M | -528.52M |
| Financing Cash Flow | 160.43M | 150.38M | -65.64M | -150.07M | -59.20M | 338.37M |
Cass Information Systems Technical Analysis
Positive
57.06
Price Trends
55.22
Negative
53.48
Positive
48.98
Positive
Market Momentum
-0.08
Negative
56.05
Neutral
75.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CASS, the sentiment is Positive. The current price of 57.06 is above the 20-day moving average (MA) of 54.02, above the 50-day MA of 55.22, and above the 200-day MA of 48.98, indicating a neutral trend. The MACD of -0.08 indicates Negative momentum. The RSI at 56.05 is Neutral, neither overbought nor oversold. The STOCH value of 75.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CASS.
Cass Information Systems Risk Analysis
Cass Information Systems disclosed 30 risk factors in its most recent earnings report. Cass Information Systems reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Cass Information Systems Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $701.52M | 19.33 | 15.09% | 2.33% | 2.06% | 49.36% | |
75 Outperform | $881.94M | 54.79 | 30.13% | ― | 46.84% | 125.24% | |
70 Outperform | $3.02B | 21.94 | 7.96% | ― | 3.74% | 59.69% | |
69 Neutral | $3.25B | 7.64 | 14.60% | 6.82% | 11.04% | 15.45% | |
67 Neutral | $2.27B | 68.92 | 4.08% | ― | 32.21% | 441.25% | |
65 Neutral | $3.38B | 133.38 | 1.93% | 11.11% | 32.89% | ― | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
CASS
Cass Information Systems
54.90
16.53
43.07%
CBZ
CBIZ
54.85
1.65
3.10%
PAGS
Pagseguro Digital
11.44
2.64
29.96%
PAYS
Paysign
15.62
9.94
175.00%
FLYW
Flywire
18.63
5.32
39.97%
FA
First Advantage
19.66
5.24
36.34%
Cass Information Systems Corporate Events
Business Operations and StrategyDividendsFinancial Disclosures
Cass Information Systems Boosts Dividend After Strong Quarter
Positive
Oct 22, 2026
Cass Information Systems reported strong third quarter 2026 results, with net income rising 16.1% to $10.6 million and diluted EPS up 19.1% to $0.81 versus a year earlier. Return on average equity reached 17.46%, net interest margin expanded to 4....
Business Operations and StrategyExecutive/Board Changes
Cass Information Systems Retains Retiring Executive as Consultant
Neutral
Oct 8, 2026
Cass Information Systems disclosed that, in connection with his previously announced retirement, it entered into an Independent Contractor Agreement with Dwight Erdbruegger on October 7, 2026, under which he will provide general consulting service...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
Cass Information Systems Posts Record Q2 Earnings, Dividend
Positive
Jul 23, 2026
Cass Information Systems reported record second-quarter 2026 results, with net income rising to $10.6 million and diluted earnings per share reaching $0.81, supported by adjusted net income growth of over 18% year on year. The company expanded its...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.