CSG Systems International (NASDAQ:CSGS) Sets New 1-Year High - Should You Buy?

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $64.48 and last traded at $58.29, with a volume of 1023900 shares changing hands. The stock had previously closed at $56.44.

Analyst Upgrades and Downgrades

CSGS has been the subject of several analyst reports. Royal Bank of Canada upped their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com upgraded shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Wednesday. Wells Fargo & Company raised their price target on shares of 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. Finally, Benchmark reiterated a "buy" rating and issued a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $62.00.

CSG Systems International Stock Down 0.4 %

The business's 50 day simple moving average is $53.10 and its 200 day simple moving average is $49.68. The company has a market capitalization of $1.69 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84.

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 (EPS) for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company's revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. As a group, analysts forecast that CSG Systems International, Inc. will post 3.44 EPS for the current year.

CSG Systems International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.07%. CSG Systems International's dividend payout ratio is currently 52.86%.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently modified their holdings of the company. Boston Trust Walden Corp lifted its position in shares of CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company's stock worth $54,457,000 after acquiring an additional 88,216 shares during the period. Dean Investment Associates LLC raised its stake in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock valued at $5,801,000 after buying an additional 64,066 shares in the last quarter. Advisors Preferred LLC bought a new position in shares of CSG Systems International during the 4th quarter worth about $1,300,000. Martingale Asset Management L P acquired a new stake in shares of CSG Systems International during the 3rd quarter valued at about $866,000. Finally, SG Americas Securities LLC bought a new stake in CSG Systems International in the third quarter valued at about $840,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.