Cass Information Systems president buys $7,800 in stock

Published 22/04/2025, 20:38
Cass Information Systems president buys $7,800 in stock

ST. LOUIS—Martin H. Resch, President and CEO of Cass Information Systems Inc. (NASDAQ:CASS), a $547 million market cap company with a strong dividend track record, purchased 200 shares of the company’s common stock on April 21, according to a recent SEC filing. The shares were acquired at a price of $39 each, totaling $7,800. The stock currently trades at $40.77, up from the CEO’s purchase price. Following this transaction, Resch now directly owns 40,420 shares, which includes restricted stock bonus shares subject to vesting and forfeiture. InvestingPro analysis indicates the stock is currently undervalued, with additional metrics showing the company has raised its dividend for 23 consecutive years. Get access to more valuable insights and 12+ additional ProTips with an InvestingPro subscription.

In other recent news, Cass Information Systems, Inc. has entered into an agreement to sell its Telecom (BCBA:TECO2m) Expense Management & Managed Mobility Services business to Asignet USA Inc. This divestiture is in line with Cass’s strategic focus on financial exchange and information processing. The transaction, which is expected to close in the second quarter of 2025, is still subject to standard closing conditions. Martin Resch, CEO of Cass, noted that the move is anticipated to benefit customers due to Asignet’s investment in the sector. Claudio Lopez Silva, CEO of Asignet, expressed excitement about the acquisition, emphasizing the enhanced services that Cass TEM clients can expect. Financial details of the agreement have not been disclosed. Asignet, known for its IT Expense Management platform, will integrate Cass’s industry knowledge to improve efficiency and intelligence for its client base. Cass Information Systems manages over $90 billion in annual client disbursements and has total assets of $2.4 billion.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.