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

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $66.12 and last traded at $65.88, with a volume of 202066 shares changing hands. The stock had previously closed at $64.01.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CSGS. Benchmark reaffirmed a "buy" rating and set a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. StockNews.com downgraded shares of CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, February 6th. Stifel Nicolaus upped their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, February 6th. Wells Fargo & Company raised their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an "equal weight" rating in a report on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on shares of CSG Systems International in a research note on Friday, February 21st. They issued a "buy" rating and a $75.00 target price for the company. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, CSG Systems International has an average rating of "Moderate Buy" and a consensus price target of $71.71.

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CSG Systems International Price Performance

The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 1.68 and a beta of 0.89. The company's fifty day moving average is $56.57 and its 200 day moving average is $52.22. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. On average, equities research analysts predict that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, March 19th. This is an increase from CSG Systems International's previous quarterly dividend of $0.30. CSG Systems International's dividend payout ratio (DPR) is 42.11%.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently bought and sold shares of the business. Boston Trust Walden Corp boosted its stake in shares of CSG Systems International by 9.0% during 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. Advisors Preferred LLC bought a new position in CSG Systems International during the fourth quarter worth $1,300,000. Geode Capital Management LLC boosted its position in CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company's stock worth $33,039,000 after purchasing an additional 4,903 shares during the period. Dean Investment Associates LLC increased its holdings in shares of CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company's stock valued at $5,801,000 after purchasing an additional 64,066 shares during the last quarter. Finally, Martingale Asset Management L P bought a new position in shares of CSG Systems International in the third quarter valued at about $866,000. Institutional investors 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.