CSG Systems International (NASDAQ:CSGS) Reaches New 12-Month High – Still a Buy?

CSG Systems International, Inc. (NASDAQ:CSGS)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $64.48 and last traded at $58.29, with a volume of 1023900 shares. The stock had previously closed at $56.44.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CSGS. Benchmark reissued a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price target on CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Wells Fargo & Company upped their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $62.00.

CSG Systems International Stock Performance

The company has a market cap of $1.70 billion, a price-to-earnings ratio of 25.68, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s fifty day simple moving average is $53.02 and its two-hundred day simple moving average is $49.62.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.74 earnings per share. Equities research analysts anticipate that CSG Systems International, Inc. will post 3.44 EPS for the current year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.30 per share. The ex-dividend date was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.06%. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Institutional Investors Weigh In On CSG Systems International

Several large investors have recently made changes to their positions in the business. Independence Bank of Kentucky acquired a new position in shares of CSG Systems International during the 4th quarter valued at $80,000. TD Private Client Wealth LLC boosted its position in shares of CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after buying an additional 586 shares during the period. Central Pacific Bank Trust Division grew its stake in shares of CSG Systems International by 20.3% in the third 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. Quantbot Technologies LP purchased a new stake in shares of CSG Systems International during the 3rd quarter valued at about $294,000. Finally, Cornercap Investment Counsel Inc. lifted its position in CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $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.