CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Update

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) was the target of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 1,950,000 shares, a drop of 7.1% from the October 15th total of 2,100,000 shares. Based on an average trading volume of 214,400 shares, the days-to-cover ratio is currently 9.1 days. Approximately 7.0% of the company's shares are short sold.

CSG Systems International Stock Down 0.4 %

NASDAQ CSGS traded down $0.24 during trading hours on Monday, hitting $54.24. 205,944 shares of the company traded hands, compared to its average volume of 267,215. The business's 50-day moving average is $48.87 and its 200-day moving average is $45.40. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 24.00, a P/E/G ratio of 1.57 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its 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 company had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same quarter last year, the company earned $0.74 earnings per share. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. Sell-side analysts anticipate that CSG Systems International will post 3.48 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.21%. CSG Systems International's payout ratio is presently 52.86%.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Central Pacific Bank Trust Division raised its position in CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company's stock valued at $176,000 after purchasing an additional 610 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of CSG Systems International by 88.0% in the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company's stock worth $187,000 after buying an additional 1,698 shares during the period. EMC Capital Management increased its holdings in shares of CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company's stock worth $248,000 after buying an additional 1,056 shares during the period. Stoneridge Investment Partners LLC purchased a new position in shares of CSG Systems International in the second quarter worth about $243,000. Finally, Quantbot Technologies LP bought a new stake in shares of CSG Systems International in the third quarter worth about $294,000. Hedge funds and other institutional investors own 91.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CSGS shares. Wells Fargo & Company raised their price objective on CSG Systems International from $43.00 to $51.00 and gave the stock an "equal weight" rating in a research report on Thursday, November 7th. StockNews.com raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Friday. Cantor Fitzgerald boosted their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an "overweight" rating in a research report on Thursday, August 8th. Royal Bank of Canada increased their target price on CSG Systems International from $52.00 to $58.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Benchmark reissued a "buy" rating and set a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $61.60.

CSG Systems International Company Profile

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.