CSG Systems International (NASDAQ:CSGS) Share Price Passes Above 200-Day Moving Average - Time to Sell?

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.03 and traded as high as $51.66. CSG Systems International shares last traded at $50.56, with a volume of 181,831 shares.

Analyst Upgrades and Downgrades

CSGS has been the topic of several analyst reports. Benchmark reaffirmed a "buy" rating and set a $75.00 target price 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, December 19th. Wells Fargo & Company increased their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the company an "equal weight" rating in a report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, CSG Systems International currently has an average rating of "Moderate Buy" and an average price target of $62.00.

CSG Systems International Price Performance

The stock has a market cap of $1.49 billion, a P/E ratio of 22.62, a P/E/G ratio of 1.57 and a beta of 0.86. The business has a 50 day simple moving average of $52.74 and a 200-day simple moving average of $48.10. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The company had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, sell-side analysts forecast that CSG Systems International, Inc. will post 3.48 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%. CSG Systems International's dividend payout ratio (DPR) is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently bought and sold shares of CSGS. TD Private Client Wealth LLC lifted its position in shares of CSG Systems International by 38.0% during 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 last quarter. Central Pacific Bank Trust Division lifted its holdings 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 during the last quarter. Stoneridge Investment Partners LLC bought a new position in CSG Systems International during the second quarter worth about $243,000. Quantbot Technologies LP purchased a new position in shares of CSG Systems International in the third quarter worth about $294,000. Finally, Cornercap Investment Counsel Inc. raised its position in shares of CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company's stock valued at $513,000 after purchasing an additional 3,001 shares during the period. 91.07% of the stock is owned by institutional investors.

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.