CSG Systems International (NASDAQ:CSGS) Hits New 12-Month High – Here’s What Happened

by · The Cerbat Gem

CSG Systems International, Inc. (NASDAQ:CSGS – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $79.30 and last traded at $79.3550, with a volume of 246043 shares traded. The stock had previously closed at $77.25.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CSGS shares. Northland Capmk cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Sidoti cut CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a report on Wednesday, October 29th. William Blair downgraded CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Benchmark lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $73.81.

View Our Latest Stock Report on CSGS

CSG Systems International Trading Up 2.9%

The firm has a market capitalization of $2.27 billion, a PE ratio of 26.95, a PEG ratio of 1.83 and a beta of 0.89. The company’s 50-day moving average price is $77.61 and its 200-day moving average price is $68.86. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50.

CSG Systems International (NASDAQ:CSGS – Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.14. CSG Systems International had a return on equity of 42.54% and a net margin of 6.85%.The business had revenue of $303.62 million during the quarter, compared to analysts’ expectations of $278.76 million. On average, sell-side analysts expect that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 22nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 22nd. CSG Systems International’s dividend payout ratio is 43.39%.

Institutional Trading of CSG Systems International

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of CSG Systems International by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after buying an additional 210 shares in the last quarter. Danske Bank A S purchased a new position in shares of CSG Systems International during the third quarter worth about $637,000. Livforsakringsbolaget Skandia Omsesidigt grew its stake in CSG Systems International by 36.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock worth $7,323,000 after buying an additional 30,150 shares during the last quarter. Kendall Capital Management increased its holdings in shares of CSG Systems International by 9.9% in the 3rd quarter. Kendall Capital Management now owns 66,285 shares of the technology company’s stock valued at $4,267,000 after acquiring an additional 5,950 shares during the period. Finally, Foster Dykema Cabot & Partners LLC purchased a new position in CSG Systems International during the 3rd quarter worth $25,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

About CSG Systems International

(Get Free Report)

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

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