CSG Systems International (NASDAQ:CSGS) Sets New 1-Year Low at $49.02

CSG Systems International, Inc. (NASDAQ:CSGS – Get Rating) hit a new 52-week low during trading on Thursday . The company traded as low as $49.02 and last traded at $49.56, with a volume of 3091 shares changing hands. The stock had previously closed at $50.37.

Analyst Ratings Changes

A number of research analysts have commented on CSGS shares. Stifel Nicolaus started coverage on CSG Systems International in a report on Wednesday, March 8th. They issued a “hold” rating on the stock. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Friday, March 10th. UBS Group began coverage on CSG Systems International in a report on Wednesday, November 23rd. They set an “outperform” rating on the stock. Oppenheimer began coverage on CSG Systems International in a report on Monday, November 21st. They set an “outperform” rating and a $75.00 target price on the stock. Finally, Benchmark reissued a “buy” rating and set a $73.00 target price on shares of CSG Systems International in a report on Tuesday, January 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

CSG Systems International Trading Down 0.1 %

The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.61 billion, a P/E ratio of 36.36 and a beta of 0.87. The firm has a 50-day moving average of $57.68 and a two-hundred day moving average of $57.80.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Friday, March 17th will be given a dividend of $0.28 per share. This is an increase from CSG Systems International’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, March 16th. CSG Systems International’s dividend payout ratio is currently 74.65%.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently modified their holdings of the business. CoreCap Advisors LLC bought a new stake in shares of CSG Systems International during the 2nd quarter worth $371,000. Boston Trust Walden Corp lifted its position in shares of CSG Systems International by 3.3% during the 3rd quarter. Boston Trust Walden Corp now owns 734,158 shares of the technology company’s stock worth $38,822,000 after buying an additional 23,353 shares during the last quarter. Lapides Asset Management LLC raised its position in CSG Systems International by 53.3% in the third quarter. Lapides Asset Management LLC now owns 60,700 shares of the technology company’s stock valued at $3,210,000 after purchasing an additional 21,100 shares during the last quarter. LSV Asset Management raised its position in CSG Systems International by 4.1% in the third quarter. LSV Asset Management now owns 1,218,976 shares of the technology company’s stock valued at $64,459,000 after purchasing an additional 48,022 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in CSG Systems International by 2.0% in the third quarter. New York State Common Retirement Fund now owns 171,098 shares of the technology company’s stock valued at $9,048,000 after purchasing an additional 3,392 shares during the last quarter. 94.79% of the stock is currently owned by institutional investors.

CSG Systems International Company Profile

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CSG Systems International, Inc is a purpose-driven, SaaS platform company, which engages in providing business support solutions serving the communications industry. It focuses on revenue management and digital monetization, customer experience, and payment solutions providers. The company was founded on October 17, 1994 and is headquartered in Englewood, CO.