Computer Services, Inc. (OTCMKTS:CSVI) Sees Significant Growth in Short Interest

Computer Services, Inc. (OTCMKTS:CSVIGet Rating) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,500 shares, an increase of 1,150.0% from the June 30th total of 200 shares. Based on an average trading volume of 54,000 shares, the days-to-cover ratio is presently 0.0 days.

Computer Services Stock Up 0.6 %

CSVI stock opened at $38.25 on Thursday. The company has a market capitalization of $1.05 billion, a P/E ratio of 16.85 and a beta of 0.38. The company has a 50-day simple moving average of $39.24 and a 200 day simple moving average of $48.07. Computer Services has a fifty-two week low of $36.00 and a fifty-two week high of $61.00.

Computer Services (OTCMKTS:CSVIGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The technology company reported $0.61 earnings per share for the quarter. The business had revenue of $80.95 million during the quarter. Computer Services had a net margin of 19.37% and a return on equity of 23.85%.

Computer Services Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, June 27th. Investors of record on Wednesday, June 1st were issued a $0.27 dividend. This represents a yield of 2.63%. The ex-dividend date of this dividend was Tuesday, May 31st. Computer Services’s payout ratio is currently 47.58%.

Institutional Investors Weigh In On Computer Services

An institutional investor recently raised its position in Computer Services stock. Conestoga Capital Advisors LLC boosted its holdings in Computer Services, Inc. (OTCMKTS:CSVIGet Rating) by 0.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,143,962 shares of the technology company’s stock after acquiring an additional 4,605 shares during the quarter. Conestoga Capital Advisors LLC owned about 4.16% of Computer Services worth $42,284,000 as of its most recent SEC filing. Institutional investors and hedge funds own 4.38% of the company’s stock.

Computer Services Company Profile

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Computer Services, Inc, together with its subsidiaries, provides core processing, digital banking, managed services, payments processing, print and electronic distribution, and regulatory compliance solutions to financial institutions and corporate entities in the United States. The company offers processing, maintenance, and support services; software licensing and installation services; and professional services, as well as sells equipment and supplies.

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