CSG Systems International (NASDAQ:CSGS) Sets New 1-Year High After Better-Than-Expected Earnings

CSG Systems International, Inc. (NASDAQ:CSGSGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $80.67 and last traded at $79.86, with a volume of 535069 shares trading hands. The stock had previously closed at $79.45.

The technology company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.20. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. The firm had revenue of $323.09 million for the quarter, compared to analysts’ expectations of $296.25 million.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. This is a boost 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 payout ratio is 68.34%.

More CSG Systems International News

Here are the key news stories impacting CSG Systems International this week:

Analyst Ratings Changes

A number of analysts have recently issued reports on CSGS shares. Northland Securities downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. William Blair downgraded CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada downgraded 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 note on Wednesday, October 29th. Oppenheimer cut shares of CSG Systems International to a “market perform” rating in a research note on Wednesday, October 29th. Finally, Sidoti downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price on the stock. in a report on Wednesday, October 29th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $73.81.

View Our Latest Research Report on CSGS

Hedge Funds Weigh In On CSG Systems International

Several hedge funds have recently bought and sold shares of CSGS. Foster Dykema Cabot & Partners LLC bought a new position in CSG Systems International in the 3rd quarter worth about $25,000. Covestor Ltd boosted its position in CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of CSG Systems International by 108.0% in the 4th quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock worth $65,000 after buying an additional 443 shares during the last quarter. GAMMA Investing LLC increased its position in shares of CSG Systems International by 26.5% during the fourth quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock worth $77,000 after purchasing an additional 210 shares in the last quarter. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of CSG Systems International during the 4th quarter valued at $177,000. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 0.5%

The company has a 50 day moving average of $78.19 and a two-hundred day moving average of $71.13. The stock has a market capitalization of $2.28 billion, a PE ratio of 27.07, a P/E/G ratio of 1.88 and a beta of 0.88. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50.

About CSG Systems International

(Get Free Report)

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.

Further Reading

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