CASS Stock Recent News

Cass Information Systems Inc. has faced challenges in growing its bottom line due to softer activity from operating clients and higher operating expenses. The company specializes in payment and information management solutions for businesses in various industries, focusing on freight invoice payment and auditing, utility invoice payment and information management, and telecom expense management. While the company's profit margins have declined, it has a strong history of raising dividends, making it a potential dividend income opportunity. However, the company's valuation may be too high at the moment.

Cass Information Systems (CASS) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.62 per share a year ago.

Cass Information Systems is an underfollowed provider of technology solutions, primarily to customers in the transportation and utility sectors. CASS has a demonstrated history of consistently growing revenue and profit margins. Additionally, CASS is very shareholder friendly, employing both buybacks and dividends to enhance returns.

Cass Information Systems (CASS) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.60 per share a year ago.

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More freight flowed into the truckload space during January, according to a Tuesday report from Cass Information Systems. The shipments component of the Cass Freight Index was flat with December on a seasonally adjusted basis but down 3.2% on an unadjusted comparison.

Cass Information Systems is a small-cap stock in the technology sector that has consistently rewarded its shareholders. Its growth has been slow and steady, with no nasty surprises to its investors in the last 20 years.

Cass Information Systems continues to grow its top and bottom lines, despite facing the struggles of the current economy. This is a testament to the quality of the business and its business model, but shares have risen quite a bit since I last covered it.

All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average and median increase of 8.0%.

Freight shipments and costs saw more subdued changes in July, according to data provided by Cass Information Systems on Monday. The shipments subset of the Cass Freight Index inched 0.4% higher year over year (y/y) during the month and was 0.6% higher than June on a seasonally adjusted basis.