CSG Systems International (NASDAQ:CSGS) Shares Up 6.7% – What’s Next?

CSG Systems International, Inc. (NASDAQ:CSGS) shares were up 6.7% during mid-day trading on Wednesday . The company traded as high as $56.36 and last traded at $60.23. Approximately 2,562 shares traded hands during trading, a decline of 99% from the average daily volume of 207,624 shares. The stock had previously closed at $56.44.

Analyst Upgrades and Downgrades

CSGS has been the subject of several recent research reports. Wells Fargo & Company lifted their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CSG Systems International currently has an average rating of “Buy” and a consensus target price of $62.00.

CSG Systems International Stock Up 4.0 %

The company’s fifty day simple moving average is $53.02 and its 200-day simple moving average is $49.62. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market capitalization of $1.71 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The business had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same quarter in the previous year, the firm earned $0.74 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. On average, analysts forecast that CSG Systems International, Inc. will post 3.44 EPS for the current year.

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.04%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s payout ratio is 52.86%.

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently made changes to their positions in CSGS. Independence Bank of Kentucky purchased a new stake in CSG Systems International in the fourth quarter valued at $80,000. TD Private Client Wealth LLC lifted its holdings in shares of CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after buying an additional 586 shares during the period. Central Pacific Bank Trust Division boosted its stake in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after buying an additional 610 shares during the last quarter. Quantbot Technologies LP acquired a new stake in CSG Systems International during the third quarter worth about $294,000. Finally, Cornercap Investment Counsel Inc. raised its position in CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,001 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.