Cass Information Systems (CASS)
Processes freight and facilities payables for large US corporations.
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Processes freight and facilities payables for large US corporations through Information Services. Cass Commercial Bank supports the payment model, while the portfolio now excludes telecom expense management.
Processes freight and facilities payables and related transactions for large US corporations through Information Services. The platform combines invoice processing, payment management, and freight audit work for supply-chain and facilities operations, including ocean and international-air freight.
Cass Commercial Bank sits alongside Information Services in Banking Services and supports the payment needs embedded in the platform. The operating model combines payment execution with bank services, while the TEM and managed-mobility unit is a discontinued operation after its sale. This structure links the information-services offering to the banking infrastructure used to execute client payments.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 6, 2026 | Piper Sandler | Reiterate | Rating: —Target: $52 | Target: $61 |
| Jul 1, 2026 | Raymond James | Reiterate | Rating: —Target: $50 | Target: $56 |
| Jun 12, 2026 | Piper Sandler | Target | Target: $45 | Target: $52 |
| Jan 22, 2026 | Raymond James | Target | Target: $45 | Target: $50 |
| Oct 24, 2025 | Raymond James | Reiterate | Rating: —Target: $47 | Target: $45 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $237.6M · Total debt $80.0M · Total assets $2.52B · Shareholders' equity $244.7M
- Revenue
- $50.5M
- Operating income
- $13.2M
- Net income
- $10.6M
HistoryDividendAnnual yield
| Institutions | ≈ 61.71% | 7.90M shares | |
|---|---|---|---|
| 173 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 10.85% | 1.39M shares | |
| 19 holders · as of Sep 11, 2026 | |||
| Other | ≈ 27.44% | 3.51M shares | |
| remainder | |||
12.81M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 7.82% | 1.00M | as of Jun 30, 2026 |
of 4 PagesInsider | 6.78% | 867,731 | filed Feb 14, 2020 |
Vanguard Capital Management LLCInstitution | 4.21% | 538,563 | as of Jun 30, 2026 |
Brown Advisory IncInstitution | 4.12% | 527,301 | as of Jun 30, 2026 |
Heartland Advisors IncInstitution | 3.85% | 493,406 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Oct 2, 2025 | Martin H. Resch | officer: President & CEO | +500 | $38.69 |
- U.S. Bancorp
Bank-backed freight audit and payment for enterprise shippers
- Triumph Financial
Freight invoice automation and carrier payments for shippers
- WEX
Fleet and transportation payment solutions
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Cass Information Systems | $54.39 | −1.27% | $709.1M | 19.8 | 16.2 | 3.5 | +12.5% |
| U.S. Bancorp | $59.29 | −1.90% | $94.15B | 12.1 | 10.9 | 2.2 | +10.6% |
| Triumph Financial | $62.76 | +0.63% | $1.49B | 42.2 | 23.5 | 3.1 | +11.3% |
| WEX | $181.31 | −3.20% | $6.38B | 18.7 | 8.9 | 2.3 | +14.2% |
| Median | 18.7 | 10.9 | 2.3 | +11.3% |