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

CSG Systems International, Inc. (NASDAQ:CSGSGet Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.03 and traded as high as $51.66. CSG Systems International shares last traded at $50.56, with a volume of 181,831 shares trading hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Benchmark reiterated 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 upped their price target on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their price objective on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Finally, StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

Get Our Latest Research Report on CSG Systems International

CSG Systems International Price Performance

The stock’s 50 day moving average is $52.65 and its two-hundred day moving average is $48.03. The stock has a market capitalization of $1.47 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58.

CSG Systems International (NASDAQ:CSGSGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate 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 revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. On average, equities analysts anticipate that CSG Systems International, Inc. will post 3.48 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, December 18th. CSG Systems International’s dividend payout ratio is currently 52.86%.

Institutional Trading of CSG Systems International

Large investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB boosted its holdings in shares of CSG Systems International by 0.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock worth $2,423,000 after purchasing an additional 302 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in shares of CSG Systems International by 38.0% during the 3rd 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 last quarter. Central Pacific Bank Trust Division raised its position in shares of CSG Systems International by 20.3% during 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 during the period. Cornercap Investment Counsel Inc. lifted its holdings 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 during the last quarter. Finally, Geode Capital Management LLC grew its position in CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after acquiring an additional 4,903 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.

About CSG Systems International

(Get Free Report)

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.

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