April Cass Data Shows No Improvement in Freight Demand
- The shipments component of the Cass Freight Index fell again in the month, down 1.6% seasonally adjusted from March and 4% lower year over year (y/y). The Tuesday data showed volumes were hovering around the late 2023-January 2024 cycle trough. The April reading was the lowest since January, which is typically the slowest part of the year and weaker than normal this year due to severe winter storms. A later Lunar New Year and the Baltimore bridge collapse were cited as detractors to demand during the month. The report also said additions to private fleets are negatively impacting results at the for-hire fleets. "Private fleets are now more actively competing for spot freight to fill empty backhauls, lengthening below-trend for-hire demand levels" the report said. The y/y comparisons for the shipments index get easier in the coming months. The forecast is for the data set to decline 3% y/y in May. A prior forecast called for the index to turn positive by June, but that appears in jeopardy now. Table: Cass Information Systems (SA – seasonally adjusted) Cass' expenditures index, which measures all dollars spent on freight including fuel surcharges and accessorial charges, fell 16.8% y/y in April and 1.9% from March on a seasonally adjusted basis. Backing out the decline in shipments implies rates were off 13% y/y in the month, which was the smallest decline in implied rates since last May. The y/y comps also get easier this summer. The index is expected to decline 16% y/y in the first half of 2024 and 10% for the full year. The Truckload Linehaul Index, which excludes changes in fuel and accessorial charges, declined 3.8% y/y but ticked 0.1% higher than the March reading. The TL rate index includes both spot and contract freight. It has largely been flat for the past year. "With spot rates steady over the past several months, downward pressure on the larger contract market is lessening, with some instances of contract rate increases bucking the downtrend recently" the report said. The linehaul index's two-year-stacked comp (to April 2022) was down more than 15%, which was the biggest decline ever recorded in the data set. "Goldilocks economic conditions of strong growth and disinflation are largely holding, a rising tide which eventually should lift all boats" the report said. "But at the moment, the freight growth being generated by the economy is being handled by railroads and private fleets." Data used in the indexes is derived from freight bills paid by Chart: (SONAR - NTIL.USA). The National Truckload Index (linehaul only – NTIL) is based on an average of booked spot dry van loads from 250,000 lanes. The NTIL is a seven-day moving average of linehaul spot rates excluding fuel. The post April Cass data shows no improvement in freight demand appeared first on FreightWaves.
- 05/20/2024
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Cass Information Systems (CASS) Lags Q1 Earnings and Revenue Estimates
- Cass Information Systems (CASS) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.51 per share a year ago.
- 04/18/2024
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Cass Information Systems Reports First Quarter 2024 Results
- ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported first quarter 2024 earnings of $0.52 per diluted share, as compared to $0.51 in the first quarter of 2023 and $0.61 in the fourth quarter of 2023. Net income for the period was $7.2 million, an increase of 0.5% from $7.1 million in the same period in 2023 and a decrease of $1.3 million, or 15.0%, as compared to the fourth quarter of 2023. Martin Resch, the Company's President and Chief Exec.
- 04/18/2024
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Cass (CASS) is on the Move, Here's Why the Trend Could be Sustainable
- If you are looking for stocks that are well positioned to maintain their recent uptrend, Cass (CASS) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
- 04/01/2024
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Upgrade Your Equipment, Elevate Your Business: Cass Commercial Bank Launches New Equipment Finance Division
- ST. LOUIS--(BUSINESS WIRE)--Cass Commercial Bank, a solid financial institution with a legacy of 117 years, is excited to announce the launch of its recent Equipment Finance Division. Designed to unlock the potential of capital assets across industries, this new division offers tailored equipment leasing solutions to finance growth, improve capital efficiency, and drive businesses forward. "Leasing frees up your working capital, allowing you to invest in other critical areas of your business,".
- 03/28/2024
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Should Value Investors Buy Cass Information Systems (CASS) Stock?
- Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
- 03/22/2024
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3 Stocks to Buy From the Prospering Computer-Services Industry
- The Zacks Computer - Services industry players like GIB, PRFT and CASS are poised to benefit from digital transformation despite macroeconomic headwinds.
- 03/01/2024
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Recent Price Trend in Cass (CASS) is Your Friend, Here's Why
- Cass (CASS) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
- 02/29/2024
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Cass (CASS) Is a Great Choice for 'Trend' Investors, Here's Why
- Cass (CASS) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
- 02/13/2024
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Cass Information Systems (CASS) Q4 Earnings and Revenues Top Estimates
- Cass Information Systems (CASS) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.67 per share a year ago.
- 01/25/2024
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Cass Information Systems Reports Fourth Quarter 2023 Results
- ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported fourth quarter 2023 earnings of $0.61 per diluted share, as compared to $0.67 in the fourth quarter of 2022 and $0.54 in the third quarter of 2023. Net income for the period was $8.4 million, a decrease of 9.4% from $9.3 million in the same period in 2022 and an increase of $1.0 million, or 13.8%, as compared to the third quarter of 2023. For the year ended December 31, 2023, the Company re.
- 01/25/2024
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Cass Information Systems Awarded Status as FedEx Certified FBAP Provider
- ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), the leading global provider of freight audit and payment solutions, has been recognized as a 2024 FedEx Certified Freight Bill Audit and Pay (FBAP) Provider. This elite program recognizes freight payment providers that meet or exceed FedEx's stringent standards for EDI capabilities, remittance quality, dispute management, and more. As shippers increasingly rely on parcel transportation, and the costs of such only continu.
- 01/03/2024
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New Strong Sell Stocks for December 22nd
- ATRO, CASS and DAR have been added to the Zacks Rank #5 (Strong Sell) List on December 22, 2023.
- 12/22/2023
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9 Upcoming Dividend Increases, Including A King
- Dividend growing companies perform better than those that don't increase their payouts consistently. Becton, Dickinson and Company is a dividend king, while UBSI and ADP are approaching king status. December is the last opportunity for companies to announce their yearly dividend increase.
- 11/30/2023
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New Strong Sell Stocks for November 24th
- CASA, CASS and MRBK have been added to the Zacks Rank #5 (Strong Sell) List on November 24, 2023.
- 11/24/2023
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New Strong Sell Stocks for November 9th
- CMTG, BB and CASS have been added to the Zacks Rank #5 (Strong Sell) List on November 9, 2023.
- 11/09/2023
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New Strong Sell Stocks for October 27th
- MT, CASS and HTLD have been added to the Zacks Rank #5 (Strong Sell) List on October 27, 2023.
- 10/27/2023
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Cass Information Systems (CASS) Lags Q3 Earnings Estimates
- Cass Information Systems (CASS) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.64 per share a year ago.
- 10/19/2023
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Cass Information Systems Reports Third Quarter 2023 Results
- ST. LOUIS--(BUSINESS WIRE)--Cass Information Systems, Inc. (Nasdaq: CASS), (the Company or Cass) reported third quarter 2023 earnings of $0.54 per diluted share, as compared to $0.64 in the third quarter of 2022 and $0.52 in the second quarter of 2023. Net income for the period was $7.4 million, a decrease of 16.0% from $8.8 million in the same period in 2022 and an increase of $256,000, or 3.6%, as compared to the second quarter of 2023. The Company's financial results have been impacted by a.
- 10/19/2023
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Analysts Estimate Cass Information Systems (CASS) to Report a Decline in Earnings: What to Look Out for
- Cass (CASS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/05/2023
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Cass Information Systems: Waiting On Proof Of Margin Expansion
- 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.
- 09/25/2023
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Cass Information Systems (CASS) Q2 Earnings and Revenues Lag Estimates
- 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.
- 07/20/2023
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Cass Information Systems: A Strong Performer That Continues To Become Stronger
- 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.
- 06/18/2023
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New Strong Sell Stocks for May 12th
- AUB, CASS and AMPY have been added to the Zacks Rank #5 (Strong Sell) List on May 12, 2023.
- 05/12/2023
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Cass Information Systems (CASS) Q1 Earnings and Revenues Miss Estimates
- 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.
- 04/17/2023
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Dow Stock Charges Toward Buy Zone As A+ Funds Scoop Up Shares
- While Visa tests support, American Express delivers on its 2022 growth plan, lifting AXP stock toward a new breakout. The post Dow Stock Charges Toward Buy Zone As A+ Funds Scoop Up Shares appeared first on Investor's Business Daily.
- 02/23/2023
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Cass: January shipments better than expected; TL takes share from other modes
- 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.
- 02/14/2023
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Cass Information Systems: There Is Safety In Its Growth
- 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.
- 02/12/2023
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Cass Information Systems: A Bit More Upside Is On The Table
- 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.
- 11/29/2022
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23 Upcoming Dividend Increases Including 2 Kings
- 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%.
- 11/25/2022
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Cass: July trends ‘steady as she goes'
- 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.
- 08/15/2022
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Cass Information Systems: Set To Benefit From Inflation And Rising Rates
- Cass is a payment processor that benefits from increasing transportation and utility costs due to wage and fuel inflation. Cass also operates an asset-sensitive commercial bank that will significantly increase margins as interest rates rise.
- 05/06/2022
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10 Dividend Growth Stocks For December 2021
- 10 Dividend Growth Stocks For December 2021
- 12/29/2021
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Stuff Your Face With These 29 Upcoming Dividend Increases Including 2 Kings
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.
- 11/26/2021
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April freight trends jump, 2021 to be ‘extraordinarily strong year'
- Shipments and expenditures surged again in April, according to data released by Cass Information Systems (NASDAQ: CASS) on Wednesday. The Cass Freight Index returned a 27.6% year-over-year increase in shipments with the expenditures component of the index jumping 45.1%.
- 05/12/2021
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Cass Information Systems, Inc. Names Michael J. Normile New Chief Financial Officer
- ST. LOUIS--(BUSINESS WIRE)--Michael Normile New CFO at Cass Information Systems
- 03/04/2021
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5 Historical Low Price-Book Companies for 2021
- According to the Historical Low Price-Book Screen, a Premium feature of GuruFocus, the following five stocks have good financial strength and are trading near historical low price-book as of Wednesday: 51job Inc. (NASDAQ:JOBS), Centene Corp. (NYSE:CNC), Clorox Co. (NYSE:CLX), City Holding Co. (NASDAQ:CHCO) and Cass Information Systems Inc. (NASDAQ:CASS).
- 01/20/2021
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Cass Information Systems: A Dividend Growth Investing Hidden Gem
- Cass Information Systems: A Dividend Growth Investing Hidden Gem
- 01/11/2021
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3 Little-Known Stocks Offering the Potential for 24% Total Returns
- With the S&P 500 trading with an extremely high valuation, investors searching for value might be finding it difficult to find opportunities among the top stocks in the market. However, there are still lesser-known names throughout different sectors of the economy that could offer significant potential returns.
- 12/28/2020
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Cass Streamlines Broadband Subsidies Implementation for VSP Global Remote Workers with Bring Your Own Network Solution
- RANCHO CORDOVA, Calif.--(BUSINESS WIRE)--VSP Global has partnered with Cass Information Systems, Inc. (Nasdaq:CASS) to simplify payments for broadband services for “work from home” employees.
- 12/10/2020
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Cass shipments turn positive year-over-year in October
- The Cass Freight Index posted its first year-over-year shipments increase in nearly two years during October. Shipments climbed 2.4% during the month with expenditures rising 3.1%.
- 11/19/2020
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Cass Information Systems (NASDAQ:CASS) Raised to B- at TheStreet
- TheStreet upgraded shares of Cass Information Systems (NASDAQ:CASS) from a c+ rating to a b- rating in a report released on Tuesday morning, TheStreetRatingsTable reports. Separately, BidaskClub raised shares of Cass Information Systems from a hold rating to a buy rating in a research report on Tuesday, October 13th. Shares of NASDAQ CASS opened at […]
- 10/23/2020
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Cass Information Systems, Inc. Reports Third Quarter Earnings
- Cass Information Systems, Inc. Reports Third Quarter Earnings
- 10/22/2020
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PNC Financial Services Group Inc. Grows Position in Cass Information Systems (NASDAQ:CASS)
- PNC Financial Services Group Inc. boosted its position in Cass Information Systems (NASDAQ:CASS) by 283.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,315 shares of the business services provider’s stock after purchasing an additional 5,406 shares during the period. PNC Financial Services Group Inc.’s […]
- 10/03/2020
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Cass Information Systems (NASDAQ:CASS) Shares Acquired by California Public Employees Retirement System
- California Public Employees Retirement System lifted its stake in shares of Cass Information Systems (NASDAQ:CASS) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,999 shares of the business services provider’s stock after acquiring an additional 305 shares during the […]
- 09/18/2020
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Dividend Champion And Contender Highlights: Week Of September 13
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends.
- 09/12/2020
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Dividend Champion And Contender Highlights: Week Of August 30
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What Is The Ownership Structure Like For Cass Information Systems, Inc. (NASDAQ:CASS)?
- A look at the shareholders of Cass Information Systems, Inc. (NASDAQ:CASS) can tell us which group is most powerful...
- 08/10/2020
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The Returns At Cass Information Systems (NASDAQ:CASS) Provide Us With Signs Of What's To Come
- What trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
- 08/10/2020
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Cubs-Cardinals game postponed after eighth St Louis player tests positive
- The Cardinals game Friday against the Chicago Cubs was postponed after another St Louis player tested positive for Covid-19
- 08/07/2020
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Matt Schuckman Joins Cass Information Systems, Inc. as General Counsel and Corporate Secretary
- Matt Schuckman Joins Cass Information Systems, Inc. as General Counsel and Corporate Secretary
- 08/05/2020
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Expeditors Reports Second Quarter 2020 EPS of $1.09
- Expeditors International of Washington, Inc. (NASDAQ:EXPD) today announced second quarter 2020 financial results including the following highlights co
- 08/04/2020
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Doubts over MLB season grow as Covid-19 forces 18th postponement in 10 days
- MLB has postponed games between St Louis and Milwaukee after more members of the visiting Cardinals tested positive for Covid-19
- 08/01/2020
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Don Kiernan Joins Cass as Vice President, Sales and Marketing, of Telecom Expense Management Division
- Don Kiernan joins Cass Information Systems, Inc. as vice president, sales and marketing, of Telecom Expense Management Division.
- 07/28/2020
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Cass Information Systems, Inc. Reports Second Quarter Earnings
- Cass Information Systems, Inc. (Nasdaq: CASS) reported second quarter 2020 earnings
- 07/23/2020
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State of Arkansas Awards Periscope Holdings Statewide eProcurement Project
- The State of Arkansas is implementing the entire suite of Periscope procure-to-pay solutions across all its state and local agencies.
- 07/16/2020
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Burden of COVID-19 on the Market & Rehabilitation Plan | Telecom Expense Management Solutions Market 2019-2023 | The Growing Popularity of BYOD Policy to Boost Growth | Technavio
- The Global Telecom Expense Management Solutions Market will grow by USD 1.60 bn during 2019-2023
- 07/13/2020
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AQR Capital Management LLC Boosts Stock Holdings in Cass Information Systems (NASDAQ:CASS)
- AQR Capital Management LLC grew its holdings in Cass Information Systems (NASDAQ:CASS) by 17.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,745 shares of the business services provider’s stock after purchasing an additional 1,149 shares during the period. AQR Capital […]
- 07/11/2020
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Declining Stock and Decent Financials: Is The Market Wrong About Cass Information Systems, Inc. (NASDAQ:CASS)?
- Cass Information Systems (NASDAQ:CASS) has had a rough month with its share price down 14%. But if you pay close...
- 07/10/2020
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General Dynamics: Value, Oligopoly, Income (NYSE:GD)
- General Dynamics is part of an oligopoly providing a must-have aspect of the United States defense plan. It also trades at a value price.
- 07/09/2020
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European Digital Strategy and the Global Race for Digital Sovereignty
- “Data has become a matter of geopolitics and geoeconomics”
- 07/02/2020
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3 Cybersecurity Stocks to Buy for a More Secure Tomorrow
- Investors should consider these three cybersecurity stocks to buy if they want to protect their portfolio against renewed coronavirus cases.
- 07/01/2020
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Coleen Rooney shares adorable snap at the park with her sons
- She has been locked down with her husband Wayne and their four boys at their Cheshire mansion. Yet Coleen made the most of the sunny weather on Wednesday as she headed to the park.
- 07/01/2020
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The Robot That's Keeping Facilities Clean During Covid-19
- As workplaces re-open after the Covid-19 lockdown, attention is turning to how they can be as clean as possible. Researchers from MIT are working on a robot that uses UV light to sanitize any working environment.
- 07/01/2020
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New Top Promotions Confirmed at CIMA
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Keeping Honest Payment Service Institutions Honest
- Following the collapse of Wirecard, James McGivern, Head of NBFI at Cashfac, reinforces the need for operational accounting and reconciliation in eMoney and Payment Service Providers
The other day an ex-colleague reminded me that we had tried to sell a reconciliation solution to Wirecard about 5 years ago, but they sent us away with a flea in our ear. Ah! If only they had listened! Well maybe. They say that locks only “keep honest men honest” and similarly detailed, well reconciled accounting records only keep honest payment service institutions honest.
There has been some gloating about Wirecard in the British press. This is understandable but it might also be hubris. The FCA’s unseemly haste to upgrade the payment service regulations in the UK did cause me to wonder if a Wirecard could happen here.
What is clear from the Wirecard story is that ordinary workers will not have to use the Nuremburg Defence. Many of Wirecard’s staff and some brilliant and courageous FT journalists were whistleblowers extraordinaire, but Bafin, the German regulator, did not just ignore the whistleblowers, it seems to have actually worked with Wirecard’s management to persecute them. Bafin is clearly not fit for purpose.
The FT now reports that EY failed to check Wirecard’s bank statements for 3 years. In its defence, EY says that there were “clear indications that this was an elaborate and sophisticated fraud involving multiple parties around the world in different institutions with a deliberate aim of deception”. Like Inspector Renault in Casablanca, I am shocked! Shocked! Shocked that such a thing could go on! The check required to uncover this “sophisticated” fraud is so easy to do that it is normally given to the most junior member of the audit team to perform. Perhaps as Enron destroyed Arthur Anderson, Wirecard should now destroy EY; after all it is important from time to time to “execute an admiral to encourage the rest”.
The debacle represents an existential threat to the eMoney and Payment services sector. It is unclear yet whether the missing funds are client/segregated funds or Wirecard’s own funds. It is an irrelevant distinction if Wirecard goes bust as if there is no firm money to pay the liquidator’s fees then the segregated funds will have to be used. At that point people will learn that the big difference between a bank account and an eMoney account is that the latter is not protected by a bank deposit guarantee up to €100,000.
What are regulators to do then?
The FCA has made a good start with its hasty upgrade to the payment services regulations last month.
They appear to be moving the eMoney and Payment Services regulations to the same standard as CASS 7 rules. The regulations do not change that much but the approach does. From now on the regulations must be enforced to a standard that expects that the eMoney or payment service provider will go out of business that day. In other words, the company needs to be always ready for its own liquidation.
This approach has far-reaching implications. It means that a payment services firm’s accounting records and reconciliations have to be so good that a liquidator, taking over the business that day, could understand those records without the help of the firm’s existing staff, who would presumably all be sacked as the firm entered liquidation. These records must be so clear that, the liquidator should be able to return the funds to the failed firm’s customers promptly to prevent knock on effects to the clients and the broader economy.
The need for operational accounting and daily reconciliation
What the Wirecard fiasco has shown is that the segregated client funds AND the related firm money transactions need to be accounted for accurately using a proper general ledger-based solution and reconciled on an intraday or at least daily basis if they are to meet the “always ready” standard.
What is missing from the new FCA regulation is the requirement to check quis custodiet ipsos custodes- who guards the guards. When the client money rules for asset managers were shown to have failed to protect clients from the failure of Lehman’s and others in the noughties; three things happened. Firstly, the FCA got an education on the practical implementation of the rules from the Lehman’s liquidation, secondly, it insisted that the then accounting regulator, the FRC, ensured that the auditors knew how to audit client money and, thirdly, it punished non-compliance by firms and auditors. This approach, to my mind, worked, and the asset management industry got its house in order.
If the eMoney and payment services sectors do not take similar steps, will the FCA be capable or willing to enforce the new rules in a post Brexit Britain competing on a global stage? For the good of the industry I hope they do. It will keep the honest men and women honest and protect them from an uneven playing field that allows the dishonest to cut corners and costs and misappropriate funds. The FCA should bite the bullet and fully replicate its CASS 7 approach in the payments sector. European regulators could do worse than follow the British example.
- 06/30/2020
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Mindhunter Season 3 updates: Has the production stated? What we know so far
- Read more about Mindhunter Season 3 updates: Has the production stated? What we know so far on Devdiscourse
- 06/29/2020
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Gen Z and the NFT: Redefining Ownership for Digital Natives – Cointelegraph Magazine
- Gen Z is the great hope of the NFT industry. As digital natives they've grown up fully-immersed in an always-on tech-driven culture, and they reject traditional concepts of physical asset ownership. But adding digital assets to their lives instead may require some education.
- 06/26/2020
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BNP Paribas Arbitrage SA Grows Stock Position in Cass Information Systems (NASDAQ:CASS)
- BNP Paribas Arbitrage SA boosted its stake in Cass Information Systems (NASDAQ:CASS) by 109.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,357 shares of the business services provider’s stock after acquiring an additional 2,273 shares during the quarter. BNP […]
- 06/26/2020
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Hedge Funds Are Dumping Cass Information Systems (CASS)
- In this article you are going to find out whether hedge funds think Cass Information Systems (NASDAQ:CASS) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]
- 06/25/2020
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2:00PM Water Cooler 6/24/2020 | naked capitalism
- ~ Today's Water Cooler ~
- 06/24/2020
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ALJ Regional (NASDAQ:ALJJ) vs. Cass Information Systems (NASDAQ:CASS) Financial Survey
- ALJ Regional (NASDAQ:ALJJ) and Cass Information Systems (NASDAQ:CASS) are both small-cap basic materials companies, but which is the superior business? We will contrast the two businesses based on the strength of their institutional ownership, analyst recommendations, earnings, valuation, profitability, risk and dividends. Insider and Institutional Ownership 5.6% of ALJ Regional shares are held by institutional […]
- 06/24/2020
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Better Collaboration Means Better Care for Long-Term Care Residents
- Partners seek better, faster way to share important patient information to improve health outcomesHAMILTON, Ontario — The COVID-19 pandemic has highlighted the need for strong collaboration a…
- 06/23/2020
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Better Collaboration Means Better Care for Long-Term Care Residents
- Partners seek better, faster way to share important patient information to improve health outcomes.
- 06/23/2020
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Le Tribunal des conflits au secours des PSE : T.C., 8 juin 2020, syndicat CGT Alstom, n° 4189
- Les auteurs de la loi ont pourtant tenté de mettre celle-ci à l'abri de ce risque par une définition très verrouillée d’un bloc de...
- 06/22/2020
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A Guide to Understand BBA in Information Systems | SMALL BUSINESS CEO
- Read on for a better understanding of what a course in Information Systems can involve and the career prospects and benefits of the course.
- 06/22/2020
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Coleen Rooney treats husband Wayne to breakfast in bed with their sons as she surprises him with balloons
- COLEEN Rooney surprised her husband Wayne with breakfast in bed along with their sons as they gifted him balloons. The WAG pulled out all the stops on father’s day with sons Kai, 10, Kit, thr…
- 06/21/2020
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Coleen Rooney treats husband Wayne to breakfast in bed on Father's Day
- The WAG, 34, treated her husband of 12 years to breakfast in bed with his sons Kai, 10, Klay, seven, Kit, three, and Cass, two.
- 06/21/2020
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Stars share sweet tributes to celebrate Father's Day in the UK
- Celebs in the UK shared heart-warming posts in celebration of Father's Day, observed on the third Sunday of June each year.
- 06/21/2020
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Creating an Enhanced NYT COVID-19 Data Set
- Adding Demographic, Electoral, and Mobility Information in BigQuery
- 06/18/2020
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US-China talks: seven-hour meeting ‘helps atmosphere’, but divisions remain
- Your source for credible news and authoritative insights from Hong Kong, China and the world.
- 06/18/2020
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Mailing List Website Creates Fresh Mailing List's & Leads for Luxury Time Share Owners & High End Vacationing Lists
- New lists for vacation, timeshare travel club marketing for precision targeting. Comes complete with Resort Name or Vacation Club Information.
- 06/17/2020
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Mindhunter Season 3 won’t end the series, Why fans should keep hope for Season 5
- Read more about Mindhunter Season 3 won’t end the series, Why fans should keep hope for Season 5 on Devdiscourse
- 06/17/2020
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Burden of COVID-19 on the Market & Rehabilitation Plan | Telecom Expense Management Solutions Market 2019-2023 | The Growing Popularity of BYOD Policy to Boost Growth | Technavio
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Cass Information Systems (NASDAQ:CASS) Sees Large Growth in Short Interest
- Cass Information Systems (NASDAQ:CASS) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totalling 563,600 shares, an increase of 5.3% from the May 14th total of 535,300 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average daily […]
- 06/15/2020
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Burden of COVID-19 on the Market & Rehabilitation Plan | Telecom Expense Management Solutions Market 2019-2023 | The Growing Popularity of BYOD Policy to Boost Growth | Technavio
- The Global Telecom Expense Management Solutions Market will grow by $ 1.60 bn during 2019-2023
- 06/15/2020
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First Trust Advisors LP Decreases Stake in Cass Information Systems (NASDAQ:CASS)
- First Trust Advisors LP lessened its position in shares of Cass Information Systems (NASDAQ:CASS) by 14.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,004 shares of the business services provider’s stock after selling 1,173 shares during the period. First Trust Advisors LP’s […]
- 06/10/2020
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Bank of New York Mellon Corp Sells 41,856 Shares of Cass Information Systems (NASDAQ:CASS)
- Bank of New York Mellon Corp reduced its holdings in shares of Cass Information Systems (NASDAQ:CASS) by 27.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,193 shares of the business services provider’s stock after selling 41,856 shares during the quarter. Bank of […]
- 06/10/2020
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Dividend Champion And Contender Highlights: Week Of June 7
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 06/06/2020
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CASS INFORMATION SYSTEMS, INC. : Ex-dividend day for | MarketScreener
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Dividend Changes: May 23-29, 2020
- In this article series, we provide a weekly summary of dividend changes. A summary table provides relevant data and key statistics of dividend increases. We lis
- 06/02/2020
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Global Telecom Expense Management Solutions Market 2019-2023 | Popularity of Bring Your Own Device (BYOD) Policy to Boost Growth | Technavio
- The Global Telecom Expense Management Solutions Market will grow by $ 1.60 bn during 2019-2023
- 06/02/2020
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Dividend Champion And Contender Highlights: Week Of May 31
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which changed their dividends. Companies with upcoming ex-dividend dates.
- 05/31/2020
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Imagine Owning Cass Information Systems (NASDAQ:CASS) And Wondering If The 18% Share Price Slide Is Justified
- In order to justify the effort of selecting individual stocks, it's worth striving to beat the returns from a market...
- 05/26/2020
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The first contact tracing app powered by Apple and Google has been launched
- The very first contact tracing app based on Apple and Google's exposure notification technology is now being piloted in Switzerland.
- 05/26/2020
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Dividend Changes: May 16-22, 2020
- This weekly article series covers dividend increases, cuts, and suspensions. A summary table provides relevant data and key statistics of dividend increases. We
- 05/26/2020
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China wrestles with best way to gee up consumption
- Authorities have issued more than $4 billion in vouchers to get consumers spending again. Proponents cite a multiplier effect, but critics say the impact is marginal.
- 05/21/2020
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Old education is dead, long live the new (virtual) education
- A quick review of the history of education tells us that the current education (school) system is in many ways a dead idea.
- 05/20/2020
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Women in Tech: "I got to be a self-taught, self-managed, problem solver" - JAXenter
- Three years ago, we launched our series Women in Tech. Today, we’d like you to meet Masha Sharma, Co-Founder & CTO at RealAtom.
- 05/20/2020
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Cass Information Systems (CASS) Is the Most Recession-Resistant Stock to Buy Now
- Palm Valley Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of 0.79% for the quarter, outperforming its benchmark, the S&P; Small Cap 600 Index which returned -32.65% in the same quarter. You should check out Palm Valley Capital’s top 5 stock picks […]
- 05/19/2020
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Highway Regulators Shift Work Rules for Truck Drivers
- Highway safety regulators are changing work rules that limit truck drivers’ time behind the wheel, shifts they said would give drivers more flexibility without increasing overall daily driving time.
- 05/14/2020
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7 Tech Stocks to Buy Amidst Coronavirus Uncertainty
- Big megatrends ahead, including 5G, Artificial Intelligence and cloud computing all assure strong growth for various specific tech stocks.
- 05/12/2020
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This Sustainable Footwear Brand Is Turning Shoe Dust Bags Into Face Masks
- Eco-conscious shoe brand Sylven New York is encouraging individuals and footwear companies alike to donate dust bags to the cause.
- 05/08/2020
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How South Africa can address digital inequalities in e-learning
- South Africa’s education system is complex, with historical inequalities dating back to apartheid. Most of the country’s pupils come from disadvantaged backgrounds.
- 05/07/2020
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Buckingham Asset Management, LLC Buys Vanguard Intermediate-Term Bond, Cass Information Systems ...
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Will pandemic reshuffle the top 200 publicly traded community banks?
- Banks that relied on loan growth to outperform peers in 2019 will need to focus more on core deposits and expense control this year. Check out our annual ranking of the top 200 publicly traded community banks.
- 05/06/2020
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Is Cass Information Systems, Inc.'s (NASDAQ:CASS) CEO Pay Fair?
- Eric Brunngraber has been the CEO of Cass Information Systems, Inc. (NASDAQ:CASS) since 2008. This report will, first...
- 05/04/2020
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IOCL Engineer Recruitment Through GATE 2020: Registration Ends Next Week
- IOCL had announced Graduate Apprentice Engineer recruitment through GATE 2020 in April. The registration option for the recruitment will close next week on May 6.
- 05/03/2020
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Highlights From Palm Valley Capital Fund’s 2020 Investor Letter
- Palm Valley Capital Fund published its 2020 Q1 investor letter on April 1st. The bearish mutual fund reported a 0.79% gain for the first quarter of 2020. As of the most recent prospectus, the Fund’s gross expense ratio is 2.02% and the net expense ratio is 1.25%. Palm Valley Capital Management has contractually
- 05/02/2020
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Could Cass Information Systems, Inc. (NASDAQ:CASS) Have The Makings Of Another Dividend Aristocrat?
- Dividend paying stocks like Cass Information Systems, Inc. (NASDAQ:CASS) tend to be popular with investors, and for...
- 05/02/2020
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Analysis on New Product Launches in Covid-19 Related Markets-Telecom Expense Management Solutions Market 2019-2023 | Popularity of Bring Your Own Device (BYOD) Policy to Boost Growth | Technavio
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Analysis on New Product Launches in Covid-19 Related Markets-Telecom Expense Management Solutions Market 2019-2023 | Popularity of Bring Your Own Device (BYOD) Policy to Boost Growth | Technavio
- The global telecom expense management market has the potential to grow by USD 1.60 billion during 2019-2023.
- 05/02/2020
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Analysis on New Product Launches in Covid-19 Related Markets-Telecom Expense Management Solutions Market 2019-2023 | Popularity of Bring Your Own Device (BYOD) Policy to Boost Growth | Technavio
- The global telecom expense management market has the potential to grow by USD 1.60 billion during 2019-2023.
- 05/02/2020
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Nationwide loses current account switching crown to Monzo
- Nationwide lost its switching crown to Monzo in the final three months of last year, new figures show, as the highest number of people in four years switched their bank accounts in March.
- 04/30/2020
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Roanoke Robocallers To Pay $300,000 Back To Consumers | STL.News
- Roanoke Robocallers To Pay $300,000 Back To Consumers | STL.News - Read this and more latest news at STL.NEWS
- 04/29/2020
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Cass Information Systems (NASDAQ:CASS) Stock Rating Upgraded by BidaskClub
- Cass Information Systems (NASDAQ:CASS) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, BidAskClub reports. Separately, TheStreet cut shares of Cass Information Systems from a “b-” rating to a “c” rating in a research note on Monday, April […]
- 04/29/2020
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Graco Inc (NYSE: GGG) Q1 2020 Earnings Call Transcript | AlphaStreet
- Final earnings conference call transcript of Graco Inc. - GGG stock
- 04/24/2020
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Payment Provider Cass Sees COVID-Related Dip In Q1 Invoices
- Invoice payment and information services provider Cass Information Systems Inc. (NASDAQ: CASS) reported a 7.5% year-over-year decline in transportation-related invoice volumes during the first quarter of 2020.Total revenue was basically flat year-over-year at $38.1 million, but net income declined 7.6% to $7.5 million, or $0.52 per share. Key Performance IndicatorsThe St. Louis-based company attributed the declines to COVID-19, lower interest rates and weaker energy prices.From the press release, "With manufacturing companies representing an important component of the transportation customer base, the previously reported contraction in this sector, combined with the recent effects of COVID-19, created year-over-year trials for the division. However, the customer base remains stable, which should provide a solid foundation for recovery."Facility-related (electricity, gas, waste and telecommunications ) payments declined 7% year-over-year, with dollar volume falling 4%. "As with the Transportation division, the customer base in facility-related businesses remains stable, offering optimism about the prospects for a quick recovery," stated the release."By being a reliable business partner, providing financing and flexible terms, and adapting and accommodating as necessary, we not only assist them but secure our future," stated Cass chairman and CEO Eric H. Brunngraber.The company declared its regular quarterly dividend of $0.27 per share on April 21. Cass has consistently paid regularly scheduled cash dividends since 1934.The company publishes the Cass Transportation Index report, which provides an outlook of monthly trends in the freight markets. The company's shipment and expenditure indexes are derived from the data captured from the more than $28 billion in freight payables on behalf of its clients annually. In total, Cass disburses more than $60 billion annually for its clients.See more from Benzinga * Volvo Q1 Earnings Presage Tough Times Ahead * Union Pacific Sees First-Quarter Net Profit Grow * Daseke Appoints New CFO(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 04/23/2020
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Cass: 1Q Earnings Snapshot
- ST. LOUIS (AP) _ Cass Information Systems Inc. (CASS) on Thursday reported first-quarter net income of $7.5 million. The St. Louis-based company said it had net income of 52 cents per share. The invoice and payment management company posted revenue of $38.1 million in the period. Cass shares have declined 39% since the beginning of the year. The stock has decreased 26% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CASS at https://www.zacks.com/ap/CASS
- 04/23/2020
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Cass: 1Q Earnings Snapshot
- ST. LOUIS (AP) _ Cass Information Systems Inc. (CASS) on Thursday reported first-quarter net income of $7.5 million.
The St. Louis-based company said it had net income of 52 cents per share.
The invoice and payment management company posted revenue o
- 04/23/2020
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Cass Information Sys Q1 EPS $0.520 Down From $0.550 YoY, Sales $38.100M Down From $38.370M YoY
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Cass Information Systems, Inc. Reports First Quarter Earnings
- Cass Information Systems, Inc. (NASDAQ: CASS) reported its first quarter 2020 earnings and COVID-19 update.
- 04/23/2020
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Virus forecast model from US defense team draws attention
- SANTA FE, N.M. (AP) — A team of national defense scientists at Los Alamos National Laboratory that studies contagions with award-winning accuracy has developed its own U.S. forecast for the spread...
- 04/20/2020
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Geode Capital Management LLC Purchases 9,417 Shares of Cass Information Systems (NASDAQ:CASS)
- Geode Capital Management LLC boosted its position in Cass Information Systems (NASDAQ:CASS) by 5.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 196,754 shares of the business services provider’s stock after purchasing an additional 9,417 shares during the period. Geode Capital Management LLC owned about 1.36% […]
- 04/20/2020
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Do Institutions Own Cass Information Systems, Inc. (NASDAQ:CASS) Shares?
- If you want to know who really controls Cass Information Systems, Inc. (NASDAQ:CASS), then you'll have to look at the...
- 04/19/2020
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UBS Group AG Increases Holdings in Cass Information Systems (NASDAQ:CASS)
- UBS Group AG raised its position in shares of Cass Information Systems (NASDAQ:CASS) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,524 shares of the business services provider’s stock after acquiring an additional 4,506 shares during the quarter. UBS Group […]
- 04/19/2020
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TheStreet Lowers Cass Information Systems (NASDAQ:CASS) to C
- TheStreet downgraded shares of Cass Information Systems (NASDAQ:CASS) from a b- rating to a c rating in a report released on Monday, TheStreetRatingsTable reports. Separately, BidaskClub cut shares of Cass Information Systems from a sell rating to a strong sell rating in a report on Wednesday, February 5th. CASS opened at $33.03 on Monday. Cass […]
- 04/16/2020
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Cass Information Systems (NASDAQ:CASS) Shares Bought by Bank of America Corp DE
- Bank of America Corp DE raised its holdings in Cass Information Systems (NASDAQ:CASS) by 6.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 87,231 shares of the business services provider’s stock after purchasing an additional 5,022 shares during the […]
- 04/13/2020
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UBS Asset Management Americas Inc. Raises Stake in Cass Information Systems (NASDAQ:CASS)
- UBS Asset Management Americas Inc. grew its stake in shares of Cass Information Systems (NASDAQ:CASS) by 107.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,810 shares of the business services provider’s stock after buying an additional 6,632 […]
- 04/12/2020
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AQR Capital Management LLC Has $381,000 Stock Position in Cass Information Systems (NASDAQ:CASS)
- AQR Capital Management LLC grew its position in Cass Information Systems (NASDAQ:CASS) by 16.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,596 shares of the business services provider’s stock after buying an additional 911 shares during the […]
- 04/12/2020
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Cass Information Systems (NASDAQ:CASS) Shares Bought by Goldman Sachs Group Inc.
- Goldman Sachs Group Inc. raised its stake in Cass Information Systems (NASDAQ:CASS) by 127.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,376 shares of the business services provider’s stock after acquiring an additional 42,865 shares during the quarter. Goldman Sachs Group […]
- 04/10/2020
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Estimating The Intrinsic Value Of Cass Information Systems, Inc. (NASDAQ:CASS)
- Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Cass Information...
- 04/08/2020
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Calculating The Intrinsic Value Of Cass Information Systems, Inc. (NASDAQ:CASS)
- Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Cass Information...
- 04/07/2020
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Credit Suisse AG Sells 2,000 Shares of Cass Information Systems (NASDAQ:CASS)
- Credit Suisse AG reduced its position in shares of Cass Information Systems (NASDAQ:CASS) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,000 shares of the business services provider’s stock after selling 2,000 shares during the period. Credit Suisse AG […]
- 04/06/2020
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Survey: Crypto Wants Stronger Response to Coronavirus - CoinDesk
- People in blockchain and cryptocurrency tend to have low expectations for government. But that doesn't mean they want it to be idle in a crisis, the latest CoinDesk survey suggests.
- 04/02/2020
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Cass Information Systems (NASDAQ:CASS) Short Interest Update
- Cass Information Systems (NASDAQ:CASS) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totalling 457,800 shares, an increase of 8.7% from the February 27th total of 421,100 shares. Based on an average daily trading volume, of 59,700 shares, the short-interest ratio […]
- 04/01/2020
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Oxford Asset Management LLP Has $414,000 Stock Holdings in Cass Information Systems (NASDAQ:CASS)
- Oxford Asset Management LLP raised its holdings in Cass Information Systems (NASDAQ:CASS) by 8.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,167 shares of the business services provider’s stock after acquiring an additional 547 shares during the quarter. Oxford Asset Management LLP’s holdings in Cass Information Systems were worth $414,000 as […]
- 03/30/2020
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Here’s Why Cass Information Systems (NASDAQ:CASS) Can Manage Its Debt Responsibly
- Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
- 03/26/2020
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Stocks That Hit 52-Week Lows On Thursday
- On Thursday morning, 1178 companies hit new 52-week lows.
Facts of Interest:
The largest company by market cap to set a new 52-week low was Nuveen Preferred & Income...
- 03/19/2020
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Charles Schwab Investment Management Inc. Has $4.47 Million Stock Holdings in Cass Information Systems (NASDAQ:CASS)
- Charles Schwab Investment Management Inc. grew its holdings in Cass Information Systems (NASDAQ:CASS) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,404 shares of the business services provider’s stock after acquiring an additional 1,343 shares during the period. Charles Schwab Investment […]
- 03/14/2020
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How Does Cass Information Systems's (NASDAQ:CASS) P/E Compare To Its Industry, After The Share Price Drop?
- To the annoyance of some shareholders, Cass Information Systems (NASDAQ:CASS) shares are down a considerable 34% in...
- 03/13/2020
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A Sliding Share Price Has Us Looking At Cass Information Systems, Inc.’s (NASDAQ:CASS) P/E Ratio
- Unfortunately for some shareholders, the Cass Information Systems (NASDAQ:CASS) share price has dived 34% in the last...
- 03/13/2020
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Cass Data Weak In February, Truckload Recovery Expectations Pushing Outward
- Negative trends in the transportation markets continued in February, according to freight data released by payment management solutions provider, Cass Information Systems Inc. (NASDAQ: CASS).The Cass Freight Index fell again in February as the shipments index declined 7.5% year-over-year (y/y) with the expenditures index declining 6.8% for the month.In January, the report's author and Stifel Financial (NYSE: SF) equity research analyst David Ross was hopeful for a second quarter snapback as supply chains recovered from coronavirus-related disruption and import activity increased. A month later, that hope has somewhat diminished."This certainly puts some doubt around our view that the second quarter of 2020 could see actual y/y growth in domestic U.S. shipments and freight costs, as traditional seasonal freight patterns may not hold," stated Ross. "We are hearing Chinese manufacturing activity is picking back up but at below-average levels. And then there is the issue of moving the goods produced out of the country and to the U.S., which may be limited by airfreight capacity, truck capacity, and/or container capacity."The positives, so to speak, were that the y/y declines in February were less severe than those seen in January and that shipment volumes improved 6.2% sequentially from January, which was in line with recent historical seasonality trends. For the last five years, the shipments index has improved 6.13% on average from January to February.Further, Ross suggests that U.S. transportation markets entered 2020 with a bit of a headwind due to "elevated inventories," which he now believes are bleeding off rapidly and may require restocking "before too long."Ross said that he will be looking to the airfreight markets for the first signs of recovery as retailers and manufacturers look to quickly replenish supply. Ross is calling for "at least a short period of large yield spikes for cargo capacity" as demand returns. He said that recent increases in airfreight yields have more to do with the lack of available cargo belly space throughout the market than improved demand.While Ross suggested that January could have been the bottom for this cycle, he left open the potential for a "double dip or at least a delay in improvements," noting a 23% y/y decline in imports at the Port of Los Angeles in February. In recent days, FreightWaves has seen outbound tender truckload (TL) volumes inflect positively on a y/y comparison as many retailers have been replenishing their shelves given the run on household supplies caused by the outbreak.Outbound Tender Volume Index (USA) – SONAR: OTVI.USAThe expenditures index was up 4.3% sequentially in February, but lagged the average seasonal improvement of 4.8% normally seen from January to February. Ross expects near-term pricing to remain soft, but still believes that increased regulation in the trucking industry as well as cost inflation will result in a purge of TL capacity from the market. A potential lack of capacity and the expectation for inventory restocking, should "drive rates higher again at some point this year."The Cass TL Linehaul Index, which measures per-mile linehaul rates, declined 6.1% y/y in February, similar to the rate of decline reported during January.Ross said that he is now looking at demand as the driver for rate increases in 2020. He expects TL capacity to continue to exit the market, but indicated that the timing of the potential rate improvement, which many industry participants believed to be mid-2020 prior to the outbreak, is more dependent on volumes.Further, he said that given the weakness in the linehaul index, which is closely correlated with yield results reported from the public TL carriers, it "looks like another weak first quarter ahead" for the group.Lastly, the Cass Intermodal Price Index, which measures total per-mile cost for the "smaller intermodal market," saw its largest y/y decline of this cycle at 5.1%. Depressed container import activity has resulted in declines in intermodal rail shipments. According to the latest weekly report published by the Association of American Railroads, U.S. intermodal rail traffic is down 7.7% year-to-date compared to the same period in 2019.Ross expects intermodal pricing to rebound once TL pricing improves.Cass processes more than $28 billion in freight payables on behalf of its clients annually.Image Sourced from PixabaySee more from Benzinga * Seafood Shipping Concerns Rise Amid Coronavirus Outbreaks * Show Organizers Cancel MATS Amid Coronavirus Threat * Trucking Stocks Are Doing About As Miserable As The Broader Stock Market(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 03/12/2020
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Stocks That Hit 52-Week Lows On Thursday
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Bank of Montreal Can Has $1.37 Million Stake in Cass Information Systems (NASDAQ:CASS)
- Bank of Montreal Can boosted its position in Cass Information Systems (NASDAQ:CASS) by 290.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,767 shares of the business services provider’s stock after buying an additional 17,683 shares during the period. […]
- 03/12/2020
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Zenzeleni Project: How a community got itself online and in the mix
- The project is getting thousands of people from isolated communities online, and national government think it could be replicated nationwide.
- 03/12/2020
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Cass Information Systems (NASDAQ:CASS) Trading 5.5% Higher
- Shares of Cass Information Systems (NASDAQ:CASS) traded up 5.5% during mid-day trading on Tuesday . The company traded as high as $40.65 and last traded at $39.74, 115,576 shares were traded during mid-day trading. An increase of 182% from the average session volume of 40,914 shares. The stock had previously closed at $37.68. Separately, BidaskClub […]
- 03/12/2020
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Read This Before Judging Cass Information Systems, Inc.’s (NASDAQ:CASS) ROE
- Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- 03/11/2020
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Driehaus Capital Management LLC Purchases Shares of 10,956 Cass Information Systems (NASDAQ:CASS)
- Driehaus Capital Management LLC purchased a new stake in Cass Information Systems (NASDAQ:CASS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,956 shares of the business services provider’s stock, valued at approximately $633,000. Driehaus Capital Management LLC owned approximately […]
- 03/10/2020
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Stocks That Hit 52-Week Lows On Tuesday
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Dividend Champion And Contender Highlights: Week Of March 8
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which declared increased dividends. Companies with upcoming ex-dividend d
- 03/08/2020
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Stocks That Hit 52-Week Lows On Friday
- Friday morning, 940 companies set new 52-week lows.
Interesting Points:
The largest company by market cap to set a new 52-week low was Bank of America (NYSE: BAC).
The...
- 03/06/2020
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Coleen Rooney looks super slim as she fangirls over Lewis Capaldi with Wayne
- Coleen Rooney has looked noticeably slimmer while she enjoyed a special night out with her husband Wayne backstage with Lewis Capaldi
- 03/04/2020
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Cetera Advisor Networks LLC Sells 770 Shares of Cass Information Systems (NASDAQ:CASS)
- Cetera Advisor Networks LLC lessened its holdings in shares of Cass Information Systems (NASDAQ:CASS) by 14.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,630 shares of the business services provider’s stock after selling 770 shares during the period. Cetera Advisor Networks LLC’s holdings in Cass Information Systems were worth $267,000 as of […]
- 03/02/2020
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Cass Information Systems (NASDAQ:CASS) Position Lifted by Martingale Asset Management L P
- Martingale Asset Management L P raised its stake in shares of Cass Information Systems (NASDAQ:CASS) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,745 shares of the business services provider’s stock after acquiring an additional 500 shares during the quarter. Martingale […]
- 02/29/2020
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Head to Head Comparison: Cass Information Systems (NASDAQ:CASS) vs. Research Solutions (NASDAQ:RSSS)
- Cass Information Systems (NASDAQ:CASS) and Research Solutions (OTCMKTS:RSSS) are both small-cap computer and technology companies, but which is the superior business? We will compare the two companies based on the strength of their risk, profitability, dividends, institutional ownership, valuation, earnings and analyst recommendations. Analyst Recommendations This is a breakdown of recent ratings and price targets […]
- 02/28/2020
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Cass Information Systems, Inc. (NASDAQ:CASS) Looks Like A Good Stock, And It’s Going Ex-Dividend Soon
- Cass Information Systems, Inc. (NASDAQ:CASS) stock is about to trade ex-dividend in 4 days time. You can purchase...
- 02/26/2020
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Be Sure To Check Out Cass Information Systems, Inc. (NASDAQ:CASS) Before It Goes Ex-Dividend
- Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Cass...
- 02/26/2020
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California Public Employees Retirement System Sells 6,145 Shares of Cass Information Systems (NASDAQ:CASS)
- California Public Employees Retirement System lowered its holdings in Cass Information Systems (NASDAQ:CASS) by 15.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,291 shares of the business services provider’s stock after selling 6,145 shares during the quarter. California […]
- 02/23/2020
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Dividend Champion And Contender Highlights: Week Of February 23
- A weekly summary of dividend activity for Dividend Champions and Contenders. Companies which declared increased dividends. Companies with upcoming ex-dividend d
- 02/22/2020
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Why We’re Not Impressed By Cass Information Systems, Inc.’s (NASDAQ:CASS) 5.3% ROCE
- Today we are going to look at Cass Information Systems, Inc. (NASDAQ:CASS) to see whether it might be an attractive...
- 02/21/2020
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January Brings Accelerated Declines For Cass Freight Volumes And Expenditures
- The Cass Freight Index fell again in January, reporting the highest year-over-year declines of this freight cycle. The shipments component of the index fell 9.4% year-over-year, the biggest one-month decline ...
- 02/19/2020
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Read This Before You Buy Cass Information Systems, Inc. (NASDAQ:CASS) Because Of Its P/E Ratio
- Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...
- 02/18/2020
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Coleen Rooney and Wayne celebrate 18 years with Valentine's Day at The Shard
- Coleen and Wayne Rooney celebrated 18 years of marriage with a Valentine's Day dinner at The Shard on Thursday as they put aside the latest development in the Rebekah Vardy saga
- 02/14/2020
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US Open – Virus Optimism Grows, Powell Day 2, Feel the Bern, Oil claws back, Gold flutters - MarketPulse
- It seems risk appetite is here to stay as optimism grows that the coronavirus, COVID-19 is showing signs of slowing down and that the Fed will deliver another rate cut this summer. While scientists will clearly argue it is too early to say with confidence that the virus is nearing its peak; expectations are growing …
- 02/12/2020
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Cass Information Wants to Pay your Company's Bills
- You probably have not heard of them, but Cass Information Systems (CASS) is crucial to many companies, asserts leading growth stock expert Eddy Elfenbein, editor of Growth Stock Advisor.
- 02/05/2020
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Digital Transformation Requires More Than Technology Upgrades
- Focusing only on the technological aspects of digital banking transformation overlooks some of the most important aspects needed to succeed.
- 02/05/2020
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Cass Reports Record 2019 Despite Fourth-Quarter Decline In Transportation Invoices
- Invoice payment and information services provider Cass Information Systems Inc. (NASDAQ: CASS) reported a 6% year-over-year decline in transportation-related invoice and dollar volumes during the fourth quarter of 2019. The St. Louis-based company stated that the decline was largely due to a tough comparison from the fourth quarter of 2018 as well as weakness in the industrial segments. Transaction volumes in those segments declined 11% year-over-year with only a 2% decline in dollar volume.
- 01/31/2020
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AccuZIP Maintains USPS PAVE™ GOLD Certification With Its Desktop and Cloud Solutions (Cycle S Extension)
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Cass: 4Q Earnings Snapshot
- ST. LOUIS (AP) _ Cass Information Systems Inc. (CASS) on Friday reported fourth-quarter profit of $6.4 million. The St. Louis-based company said it had profit of 43 cents per share. The invoice and payment management company posted revenue of $38.9 million in the period. For the year, the company reported profit of $30.4 million, or $2.07 per share. Revenue was reported as $157.2 million. Cass shares have declined 4% since the beginning of the year. The stock has risen slightly more than 8% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CASS at https://www.zacks.com/ap/CASS
- 01/31/2020
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Cass: 4Q Earnings Snapshot
- ST. LOUIS (AP) _ Cass Information Systems Inc. (CASS) on Friday reported fourth-quarter profit of $6.4 million.
The St. Louis-based company said it had profit of 43 cents per share.
The invoice and payment management company posted revenue of $38.9 m
- 01/31/2020
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Cass Information Sys Q4 EPS $0.43 Down From $0.47 YoY, Sales $38.935M Up From $38.303M YoY
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Cass Information Systems, Inc. Records All-Time High Earnings in 2019
- Cass Information Systems, Inc. (NASDAQ: CASS) reported fourth quarter 2019 earnings.
- 01/31/2020
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Is Cass Information Systems, Inc.’s (NASDAQ:CASS) CEO Paid Enough Relative To Peers?
- Eric Brunngraber became the CEO of Cass Information Systems, Inc. (NASDAQ:CASS) in 2008. First, this article will...
- 01/31/2020
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Is Cass Information Systems, Inc.'s (NASDAQ:CASS) 13% ROE Worse Than Average?
- Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- 01/22/2020
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How Does Cass Information Systems, Inc. (NASDAQ:CASS) Fare As A Dividend Stock?
- Is Cass Information Systems, Inc. (NASDAQ:CASS) a good dividend stock? How can we tell? Dividend paying companies with...
- 01/20/2020
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Business Cycle Indicators As Of Today
- With industrial production and employment trending sideways, it’s hard to argue that recession is upon us. One alarming indicator is freight.
- 01/20/2020
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The Highest-Paying Jobs According to Real Statistics
- Would you like to earn more money? Take a look at these jobs — you can earn a lot of money working them! Get an overview of these jobs here.
- 01/20/2020
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Business Cycle Indicators as of Today
- December industrial production (red line) adds to the (mixed) picture…
Figure 1:
Nonfarm payroll employment (blue), industrial production (red), personal income excluding transfers in Ch.2012$ (green), manufacturing and trade sales in Ch.2012$ (black
- 01/20/2020
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Cass Information Systems (NASDAQ:CASS) Downgraded by BidaskClub
- BidaskClub cut shares of Cass Information Systems (NASDAQ:CASS) from a hold rating to a sell rating in a research note released on Tuesday, BidAskClub reports. Cass Information Systems stock opened at $57.81 on Tuesday. The business’s 50-day simple moving average is $57.23 and its 200 day simple moving average is $53.75. The stock has a […]
- 01/18/2020
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Contrasting BSQUARE (NASDAQ:BSQR) & Cass Information Systems (NASDAQ:CASS)
- BSQUARE (NASDAQ:BSQR) and Cass Information Systems (NASDAQ:CASS) are both small-cap computer and technology companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, earnings, profitability, valuation, analyst recommendations, institutional ownership and risk. Profitability This table compares BSQUARE and Cass Information Systems’ net margins, return on […]
- 01/18/2020
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Cass Freight Index Dips To 2019 Low In December
- The Cass Freight Index fell to its lowest level for 2019 in the month of December, with the shipments component of the index falling 7.9% and the expenditures component declining 6.2% year-over-year. The shipments component of the index extended its round trip of year-over-year declines, first turning
- 01/15/2020
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Short Interest in Cass Information Systems (NASDAQ:CASS) Expands By 19.9%
- Cass Information Systems (NASDAQ:CASS) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 341,700 shares, a growth of 19.9% from the December 15th total of 285,000 shares. Based on an average daily trading volume, of 47,600 shares, the days-to-cover ratio is currently 7.2 days. Currently, 2.8% […]
- 01/13/2020
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Can We See Significant Insider Ownership On The Cass Information Systems, Inc. (NASDAQ:CASS) Share Register?
- A look at the shareholders of Cass Information Systems, Inc. (NASDAQ:CASS) can tell us which group is most powerful...
- 01/10/2020
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11 of the highest paid jobs available in Berkshire right now
- If you are on the hunt for a new career this year, you may be in luck with jobs available in Slough, Reading and more
- 01/09/2020
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Wayne Rooney does the 10 year challenge to show how life has changed since 2009
- The former Manchester United ace is reflecting on the past decade
- 12/31/2019
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Should Cass Information Systems, Inc. (NASDAQ:CASS) Be Part Of Your Dividend Portfolio?
- Is Cass Information Systems, Inc. (NASDAQ:CASS) a good dividend stock? How can we tell? Dividend paying companies with...
- 12/30/2019
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A tunnel and secret underground bunker: Rooneys ramp up security at their new £20 million home
- Footballer Wayne and his wife Coleen Rooney are used to being in the public eye, so they are taking no chances when it comes to security measures in their new home. The Rooneys are said to be ramping up security in their new £20 million (€23 million) Cheshire home, following an attempted burglary in 2016 that left Coleen fearing for the safety of her family. Included in the building's state-of-the-art security is a tunnel which links the main house to the garage and stable block, leading to an underground bunker boasting steel doors. It houses a kitchen, toilet, internet and CCTV,
- 12/29/2019
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Hedge Fund Interest In Cass Information Systems (CASS) Cooling Off
- A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
- 12/19/2019
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Cass Freight Data Declines Again In November
- The Cass Freight Shipments Index fell 3.3% year-over-year in November, marking one full year of year-over-year declines. This was the first report published under new author, equity research analyst David Ross with Stifel Financial Corp. (NYSE: SF), who referred to the decline as "less bad" compared to recent results including October, when the decline approached 6%. The report called out retail inventory destocking and a soft industrial economy as the primary reasons for the current "freight recession," which is producing weaker shipments.
- 12/18/2019
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Cass Partners Helping Enhance Industry Analysis
- Freight payment services provider Cass Information Systems Inc. (NASDAQ: CASS) announced new partnerships designed to enhance the reporting and data methodology of its Cass Transportation Indexes. Cass has partnered with financial services firm Stifel Financial Corp. (NYSE: SF) to author the new Cass Transportation Indexes Report. Cass stated that the report will be a new version of its current Cass Freight Index Report.
- 12/10/2019
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Cass Information Systems and Stifel Partner to Publish Monthly Transportation Indexes Report
- Cass Information Systems, Inc. (CASS), the leading provider of freight payment services and publisher of several transportation indexes, has partnered with financial services firm Stifel (SF) to author its new Cass Transportation Indexes Report. The report, which will be an adaptation of the existing Cass Freight Index Report, will provide context and analysis for Cass’s three indexes – the Cass Freight Index®, Cass Truckload Linehaul Index®, and Cass Intermodal Price Index®. While the Cass Freight Index measures North American freight volumes, the two mode-specific indexes follow changes in shipping costs.
- 12/10/2019
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Cass Information Systems and Stifel Partner to Publish Monthly Transportation Indexes Report
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Op Ed: Bringing DeFi to Bitcoin Opens Up New Frontiers
- Bringing bitcoin to DeFi could have a profound impact on the growth of DeFi tools, users and mainstream acceptance.
- 12/09/2019
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Do Cass Information Systems's (NASDAQ:CASS) Earnings Warrant Your Attention?
- For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
- 12/06/2019
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Cass Information Systems and the University of Tennessee’s Global Supply Chain Institute Announce Partnership
- The Global Supply Chain Institute at the University of Tennessee, Knoxville’s Haslam College of Business is partnering with freight audit & payment provider Cass Information Systems, Inc. (CASS) to support two of Cass’s well-known transportation indexes—the Cass Truckload Linehaul Index® and the Cass Intermodal Price Index®. Since 2011, they have become valuable resources for shippers, carriers, and others interested in freight market dynamics. In collaboration with Cass, UT’s Global Supply Chain Institute has created an enhanced calculation logic and methodology for both indexes.
- 12/03/2019
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