CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $48.44 and traded as high as $50.24. CSG Systems International shares last traded at $49.81, with a volume of 148,602 shares trading hands.
Wall Street Analysts Forecast Growth
CSGS has been the topic of several research analyst reports. Benchmark reiterated 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 CSG Systems International from a "strong-buy" rating to a "buy" rating in a report on Thursday, December 19th. Royal Bank of Canada lifted their price target on CSG Systems International from $52.00 to $58.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on CSG Systems International from $43.00 to $51.00 and gave the stock an "equal weight" rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.00.
Check Out Our Latest Analysis on CSGS
CSG Systems International Stock Down 1.4 %
The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.45 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 1.57 and a beta of 0.88. The company's fifty day moving average price is $53.08 and its 200-day moving average price is $48.50.
CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $295.14 million during the quarter, compared to analysts' expectations of $283.13 million. During the same quarter in the previous year, the business earned $0.74 earnings per share. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. Analysts forecast that CSG Systems International, Inc. will post 3.48 earnings per share for the current year.
CSG Systems International Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th were paid a $0.30 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 annualized dividend and a dividend yield of 2.41%. CSG Systems International's dividend payout ratio is presently 52.86%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of CSGS. TD Private Client Wealth LLC increased its holdings in CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company's stock worth $104,000 after buying an additional 586 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company's stock worth $176,000 after acquiring an additional 610 shares during the period. Stoneridge Investment Partners LLC purchased a new position in shares of CSG Systems International during the second quarter valued at approximately $243,000. Quantbot Technologies LP bought a new position in CSG Systems International during the third quarter valued at approximately $294,000. Finally, Cornercap Investment Counsel Inc. boosted its holdings in 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 worth $513,000 after purchasing an additional 3,001 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company's stock.
CSG Systems International Company Profile
(
Get Free Report)
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.
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