CSG Systems International (NASDAQ:CSGS) Reaches New 1-Year High – What’s Next?

CSG Systems International, Inc. (NASDAQ:CSGS) reached a new 52-week high during trading on Thursday . The company traded as high as $79.88 and last traded at $79.76, with a volume of 280015 shares traded. The stock had previously closed at $79.54.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on CSGS shares. Royal Bank Of Canada lowered CSG Systems International from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $72.00 to $80.70 in a research report on Wednesday, October 29th. William Blair cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Benchmark downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Oppenheimer lowered shares of CSG Systems International to a “market perform” rating in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $73.81.

CSG Systems International Price Performance

The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.89 and a beta of 0.89. The company’s fifty day moving average is $77.92 and its 200 day moving average is $70.13. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.86.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.14. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. The firm had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. On average, equities research analysts predict that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, December 22nd. CSG Systems International’s dividend payout ratio is presently 43.39%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC bought a new stake in shares of CSG Systems International during the 3rd quarter worth approximately $25,000. Covestor Ltd grew 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 valued at $35,000 after buying an additional 129 shares in the last quarter. GAMMA Investing LLC increased its holdings in CSG Systems International by 35.0% during the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after buying an additional 220 shares during the last quarter. Farther Finance Advisors LLC raised its position in CSG Systems International by 108.0% during the fourth quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock worth $65,000 after acquiring an additional 443 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in CSG Systems International by 18.4% in the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock valued at $164,000 after acquiring an additional 390 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

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.