CSG Systems International (NASDAQ:CSGS) Share Price Passes Above 200-Day Moving Average – What’s Next?

CSG Systems International, Inc. (NASDAQ:CSGS)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $48.44 and traded as high as $50.24. CSG Systems International shares last traded at $49.81, with a volume of 148,602 shares.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. Benchmark reaffirmed a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. Wells Fargo & Company increased their price objective on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada raised their price objective on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

CSG Systems International Stock Down 1.4 %

The company has a market capitalization of $1.45 billion, a PE ratio of 21.94, a PEG ratio of 1.57 and a beta of 0.88. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The business has a fifty day moving average of $53.08 and a 200 day moving average of $48.50.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 earnings per share. Equities research analysts anticipate that CSG Systems International, Inc. will post 3.48 EPS for the current year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were issued a $0.30 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.41%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC increased its holdings in shares of CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after acquiring an additional 586 shares during the last quarter. Central Pacific Bank Trust Division boosted its holdings in shares of CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after buying an additional 610 shares in the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of CSG Systems International in the 2nd quarter valued at $243,000. Quantbot Technologies LP acquired a new stake in CSG Systems International during the 3rd quarter worth $294,000. Finally, Cornercap Investment Counsel Inc. boosted its stake in CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,001 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

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.