Short Interest in CSG Systems International, Inc. (NASDAQ:CSGS) Increases By 5.5%

CSG Systems International, Inc. (NASDAQ:CSGSGet Free Report) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 3,820,000 shares, an increase of 5.5% from the February 29th total of 3,620,000 shares. Based on an average daily trading volume, of 291,100 shares, the short-interest ratio is currently 13.1 days. Approximately 13.5% of the company’s shares are short sold.

CSG Systems International Stock Down 1.6 %

CSGS opened at $50.34 on Wednesday. The firm’s 50-day simple moving average is $51.98 and its 200-day simple moving average is $51.63. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 1.58 and a beta of 0.82. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.54 and a current ratio of 1.54. CSG Systems International has a twelve month low of $45.27 and a twelve month high of $69.35.

CSG Systems International (NASDAQ:CSGSGet Free Report) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $273.36 million during the quarter, compared to analysts’ expectations of $273.92 million. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. Equities research analysts anticipate that CSG Systems International will post 3.26 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.30 per share. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Thursday, March 14th. CSG Systems International’s payout ratio is 54.79%.

Wall Street Analysts Forecast Growth

CSGS has been the subject of several recent research reports. Royal Bank of Canada started coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price target for the company. Wells Fargo & Company cut their price target on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. StockNews.com raised shares of CSG Systems International from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $63.00 price target on shares of CSG Systems International in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, CSG Systems International has a consensus rating of “Moderate Buy” and an average price target of $63.00.

View Our Latest Analysis on CSGS

Hedge Funds Weigh In On CSG Systems International

Several institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in shares of CSG Systems International by 112.4% during the 3rd quarter. SG Americas Securities LLC now owns 26,653 shares of the technology company’s stock worth $1,363,000 after acquiring an additional 14,104 shares during the period. Bahl & Gaynor Inc. increased its stake in CSG Systems International by 8.1% in the 3rd quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock worth $24,761,000 after purchasing an additional 36,488 shares during the period. Boston Trust Walden Corp increased its stake in CSG Systems International by 6.2% in the 3rd quarter. Boston Trust Walden Corp now owns 823,799 shares of the technology company’s stock worth $42,113,000 after purchasing an additional 48,373 shares during the period. Comerica Bank purchased a new position in shares of CSG Systems International during the second quarter valued at approximately $74,990,000. Finally, Legato Capital Management LLC increased its stake in shares of CSG Systems International by 2.8% during the second quarter. Legato Capital Management LLC now owns 23,905 shares of the technology company’s stock valued at $1,261,000 after buying an additional 660 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

About CSG Systems International

(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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