CSG Systems International (NASDAQ:CSGS) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

CSG Systems International, Inc. (NASDAQ:CSGS)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $74.11 and traded as high as $80.01. CSG Systems International shares last traded at $79.88, with a volume of 492,316 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings cut shares of CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.43.

CSG Systems International Stock Down 0.4%

The firm has a 50-day simple moving average of $79.44 and a 200 day simple moving average of $74.11. The company has a market capitalization of $2.28 billion, a PE ratio of 40.14, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.44 and a quick ratio of 1.44.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.20. The company had revenue of $323.09 million during the quarter, compared to the consensus estimate of $296.25 million. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%. On average, research analysts predict that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 1.7%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Wednesday, March 18th. CSG Systems International’s dividend payout ratio is 64.32%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CSGS. Covestor Ltd lifted its stake in shares of CSG Systems International by 30.9% in the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after acquiring an additional 129 shares in the last quarter. GAMMA Investing LLC grew its stake in CSG Systems International by 26.5% during the 4th quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after purchasing an additional 210 shares in the last quarter. California State Teachers Retirement System increased its holdings in CSG Systems International by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock worth $1,775,000 after purchasing an additional 241 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings in CSG Systems International by 2.9% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 10,862 shares of the technology company’s stock worth $833,000 after purchasing an additional 304 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of CSG Systems International by 98.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock valued at $57,000 after purchasing an additional 367 shares in the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.