cass information systems is a leading provider of integrated information and payment management solutions, disbursing $38 billion annually on behalf of clients throughout north america and europe. cass provides customized solutions for freight payment, telecom expense management, and utility/facilities-related expense management, and is also a behind-the-scenes provider for other companies’ branded b2b payment processing and commerce solutions. the support of cass commercial bank, founded in 1906, makes cass information systems unique in the industry. cass (nasdaq: cass) is part of the russell 2000® index.
Company profile
Ticker
CASS
Exchange
Website
CEO
Eric Brunngraber
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
eBay • Visa • DiDi Global • Uber • PayPal • Accenture • Nielsen • Fidelity National Information Services • The Western Union Company • Fiserv ...
Former names
CASS COMMERCIAL CORP
SEC CIK
Corporate docs
Subsidiaries
Cass Commercial Bank • Cass International LLC ...
IRS number
431265338
CASS stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
6 Aug 24
8-K
Cass Information Systems reports Second Quarter 2024 Results
18 Jul 24
10-Q
2024 Q1
Quarterly report
3 May 24
8-K
Cass Information Systems reports First Quarter 2024 Results
18 Apr 24
DEFA14A
Additional proxy soliciting materials
7 Mar 24
DEF 14A
Definitive proxy
7 Mar 24
10-K
2023 FY
Annual report
28 Feb 24
8-K
Cass Information Systems Reports Fourth Quarter 2023 Results
25 Jan 24
10-Q
2023 Q3
Quarterly report
7 Nov 23
8-K
Cass Information Systems Reports Third Quarter 2023 Results
19 Oct 23
Latest ownership filings
11-K
Annual report of employee stock purchases
28 Jun 24
4
FRANK WICKS
24 Jun 24
4
Randall L Schilling
24 Jun 24
4
JOSEPH D RUPP
24 Jun 24
4
JAMES J LINDEMANN
24 Jun 24
4
Ralph W Clermont
24 Jun 24
4
BENJAMIN F IV EDWARDS
19 Apr 24
4
Wendy J. Henry
19 Apr 24
4
Ann Walter Marr
19 Apr 24
4
Robert A Ebel
19 Apr 24
Financial summary
| Quarter (USD) | Jun 24 | Mar 24 | Dec 23 | Sep 23 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 223.73 mm | 223.73 mm | 223.73 mm | 223.73 mm | 223.73 mm | 223.73 mm |
| Cash burn (monthly) | (no burn) | 3.90 mm | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | n/a | 8.91 mm | n/a | n/a | n/a | n/a |
| Cash remaining | n/a | 214.82 mm | n/a | n/a | n/a | n/a |
| Runway (months of cash) | n/a | 55.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2024
58.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 134 |
| Opened positions | 17 |
| Closed positions | 13 |
| Increased positions | 48 |
| Reduced positions | 48 |
| 13F shares | Current |
|---|---|
| Total value | 300.16 bn |
| Total shares | 8.01 mm |
| Total puts | 1.10 k |
| Total calls | 2.90 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK BlackRock | 1.05 mm | $41.91 bn |
| Buckingham Asset Management | 838.25 k | $33.59 bn |
| Vanguard | 799.27 k | $32.03 bn |
| Dimensional Fund Advisors | 421.06 k | $16.87 bn |
| Heartland Advisors | 373.98 k | $14.99 bn |
| Geode Capital Management | 340.55 k | $13.65 bn |
| Fenimore Asset Management | 340.43 k | $13.64 bn |
| STT State Street | 316.71 k | $12.69 bn |
| Tributary Capital Management | 302.58 k | $12.12 bn |
| ProShare Advisors | 300.47 k | $12.04 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 20 Jun 24 | Clermont Ralph W | Common Stock | Grant | Acquire A | No | No | 40.76 | 318 | 12.96 k | 21,002 |
| 20 Jun 24 | Lindemann James J | Common Stock | Grant | Acquire A | No | No | 40.76 | 318 | 12.96 k | 29,774 |
| 20 Jun 24 | Rupp Joseph D | Common Stock | Grant | Acquire A | No | No | 40.76 | 318 | 12.96 k | 17,877 |
| 20 Jun 24 | Schilling Randall L | Common Stock | Grant | Acquire A | No | No | 40.76 | 318 | 12.96 k | 27,546 |
| 20 Jun 24 | Wicks Frank | Common Stock | Grant | Acquire A | No | No | 40.76 | 318 | 12.96 k | 28,179 |