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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $71.78 and traded as high as $79.83. CSG Systems International shares last traded at $79.61, with a volume of 821,284 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CSGS. Sidoti cut shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price objective on the stock. 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. Northland Securities lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Benchmark cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, William Blair cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Three analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, CSG Systems International currently has a consensus rating of “Hold” and an average price target of $72.94.

CSG Systems International Stock Performance

The company’s 50-day moving average price is $78.39 and its two-hundred day moving average price is $71.78. The company has a market cap of $2.27 billion, a P/E ratio of 40.01, a price-to-earnings-growth ratio of 1.88 and a beta of 0.88. The company has a current ratio of 1.44, a quick ratio of 1.50 and a debt-to-equity ratio of 1.90.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 4th. The technology company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.33 by $0.20. The business had revenue of $323.09 million during the quarter, compared to analyst estimates of $296.25 million. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. As a group, equities analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis 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 presently 64.32%.

Hedge Funds Weigh In On CSG Systems International

A number of institutional investors have recently bought and sold shares of the stock. Foster Dykema Cabot & Partners LLC purchased a new stake in CSG Systems International during the third quarter valued at about $25,000. Covestor Ltd raised its holdings in shares of 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 acquiring an additional 129 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of CSG Systems International by 98.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock valued at $57,000 after acquiring an additional 367 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in 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 purchasing an additional 443 shares during the period. Finally, GAMMA Investing LLC grew its position in CSG Systems International by 26.5% during the 4th 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. Hedge funds and other institutional investors 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.