CSG Systems International (NASDAQ:CSGS) Sees Large Volume Increase Following Dividend Announcement

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) saw strong trading volume on Thursday after the company announced a dividend. 1,736,766 shares were traded during mid-day trading, an increase of 908% from the previous session’s volume of 172,372 shares.The stock last traded at $53.64 and had previously closed at $53.62.

The newly announced dividend which will be paid on Thursday, September 28th. Shareholders of record on Thursday, September 14th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $1.12 annualized dividend and a yield of 2.08%. CSG Systems International’s dividend payout ratio (DPR) is currently 51.14%.

Wall Street Analyst Weigh In

CSGS has been the topic of several recent research reports. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Stifel Nicolaus raised CSG Systems International from a “hold” rating to a “buy” rating and upped their target price for the company from $56.00 to $60.00 in a research note on Thursday, August 3rd. Finally, Northland Securities raised their price target on CSG Systems International from $82.00 to $84.00 in a research report on Thursday, August 3rd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $73.00.

CSG Systems International Price Performance

The company has a 50-day moving average of $53.45 and a two-hundred day moving average of $52.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $1.71 billion, a PE ratio of 24.59, a P/E/G ratio of 2.69 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.08. CSG Systems International had a net margin of 5.88% and a return on equity of 25.38%. The business had revenue of $265.15 million for the quarter, compared to analyst estimates of $275.11 million. Sell-side analysts predict that CSG Systems International, Inc. will post 2.79 EPS for the current fiscal year.

Institutional Trading of CSG Systems International

A number of institutional investors and hedge funds have recently bought and sold shares of CSGS. CoreCap Advisors LLC purchased a new position in shares of CSG Systems International in the 4th quarter valued at $36,000. EMC Capital Management lifted its stake in shares of CSG Systems International by 14.4% during the fourth quarter. EMC Capital Management now owns 3,752 shares of the technology company’s stock worth $215,000 after purchasing an additional 472 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of CSG Systems International by 208.8% in the third quarter. Captrust Financial Advisors now owns 5,107 shares of the technology company’s stock worth $270,000 after buying an additional 3,453 shares during the period. Baird Financial Group Inc. grew its stake in shares of CSG Systems International by 4.5% in the second quarter. Baird Financial Group Inc. now owns 5,722 shares of the technology company’s stock valued at $302,000 after buying an additional 245 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in shares of CSG Systems International during the 2nd quarter valued at about $313,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, etc.