CSG Systems International (NASDAQ:CSGS) Sets New 12-Month High After Analyst Upgrade

CSG Systems International, Inc. (NASDAQ:CSGS) hit a new 52-week high during mid-day trading on Thursday after Royal Bank of Canada raised their price target on the stock from $52.00 to $58.00. Royal Bank of Canada currently has an outperform rating on the stock. CSG Systems International traded as high as $56.17 and last traded at $55.73, with a volume of 226265 shares. The stock had previously closed at $51.09.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald boosted their price target on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Benchmark restated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday. Wells Fargo & Company increased their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, CSG Systems International presently has a consensus rating of “Moderate Buy” and an average target price of $61.60.

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Central Pacific Bank Trust Division lifted its holdings in shares of CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after purchasing an additional 610 shares during the last quarter. EMC Capital Management increased its position in shares of CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after acquiring an additional 1,056 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of CSG Systems International by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after acquiring an additional 1,644 shares during the period. SG Americas Securities LLC lifted its position in shares of CSG Systems International by 88.0% in the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after acquiring an additional 1,698 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. boosted its stake in CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after purchasing an additional 3,001 shares during the period. 91.07% of the stock is currently owned by institutional investors.

CSG Systems International Stock Performance

The firm’s 50 day simple moving average is $47.94 and its 200-day simple moving average is $45.15. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 25.19, a P/E/G ratio of 1.39 and a beta of 0.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. The firm had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.61 EPS. Analysts expect that CSG Systems International, Inc. will post 3.43 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.15%. The ex-dividend date was Friday, September 13th. CSG Systems International’s dividend payout ratio is currently 54.05%.

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.