Cass Information Systems traded at $54.83 this Friday October 23rd, decreasing $2.84 or 4.92 percent since the previous trading session. Looking back, over the last four weeks, Cass Information Systems lost 0.83 percent. Over the last 12 months, its price rose by 40.41 percent. Looking ahead, we forecast Cass Information Systems to be priced at 53.67 by the end of this quarter and at 50.33 in one year, according to Trading Economics global macro models projections and analysts expectations.
Cass Information Systems, Inc. is a provider of payment and information processing services to manufacturing, distribution and retail enterprises across the United States. The Company’s services include freight invoice rating, payment processing, auditing, and the generation of accounting and transportation information. It also processes and pays facility-related invoices, which include electricity and gas as well as waste and telecommunications expenses, and is a provider of telecom expense management solutions. It operates through two segments: Information Services and Banking Services. The Information Services segment provides transportation, energy, telecommunication, and environmental invoice processing and payment services to corporations. The Banking Services segment provides banking services primarily to privately held businesses and faith-based ministries, including on-line generosity services, as well as supporting the banking needs of the Information Services segment.