CSG Systems International, Inc. (NASDAQ:CSGS) Sees Significant Growth in Short Interest

CSG Systems International, Inc. (NASDAQ:CSGS) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 2,130,000 shares, an increase of 9.2% from the October 31st total of 1,950,000 shares. Based on an average daily volume of 224,100 shares, the short-interest ratio is currently 9.5 days. Currently, 7.6% of the shares of the stock are sold short.

Analyst Ratings Changes

Several research firms recently issued reports on CSGS. Wells Fargo & Company lifted their price objective on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Cantor Fitzgerald upped their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Royal Bank of Canada upped their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, CSG Systems International currently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in shares of CSG Systems International by 30.5% in the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock valued at $30,665,000 after purchasing an additional 173,944 shares during the period. Boston Trust Walden Corp increased its position in shares of CSG Systems International by 18.9% during the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after acquiring an additional 156,222 shares during the period. Dean Investment Associates LLC increased its position in shares of CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after acquiring an additional 64,066 shares during the period. Martingale Asset Management L P acquired a new stake in shares of CSG Systems International in the third quarter valued at $866,000. Finally, SG Americas Securities LLC purchased a new position in CSG Systems International in the third quarter valued at $840,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 0.3 %

CSGS traded up $0.14 during trading hours on Wednesday, reaching $54.86. The company’s stock had a trading volume of 4,999 shares, compared to its average volume of 264,252. The business’s 50-day moving average is $50.75 and its 200-day moving average is $46.43. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market cap of $1.60 billion, a PE ratio of 24.11, a P/E/G ratio of 1.60 and a beta of 0.86. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $57.15.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The business had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. During the same period in the prior year, the business posted $0.74 EPS. The company’s revenue was up 2.9% compared to the same quarter last year. As a group, equities research analysts predict that CSG Systems International will post 3.48 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. CSG Systems International’s payout ratio is currently 52.86%.

CSG Systems International Company Profile

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.