CSG Systems International (NASDAQ:CSGS) Reaches New 1-Year High – Here’s Why

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

Analyst Ratings Changes

CSGS has been the subject of several recent research reports. StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Royal Bank of Canada raised their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Benchmark reiterated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Wells Fargo & Company raised their price objective 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, November 7th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, CSG Systems International presently has a consensus rating of “Buy” and a consensus target price of $62.00.

CSG Systems International Price Performance

The firm has a market cap of $1.70 billion, a PE ratio of 25.68, a P/E/G ratio of 1.48 and a beta of 0.88. The stock’s fifty day moving average price is $53.02 and its 200-day moving average price is $49.62. 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: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 company had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. As a group, equities analysts forecast that CSG Systems International, Inc. will post 3.44 EPS for the current fiscal year.

CSG Systems International Announces Dividend

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

Institutional Investors Weigh In On CSG Systems International

A number of large investors have recently added to or reduced their stakes in CSGS. Independence Bank of Kentucky purchased a new stake in shares of CSG Systems International in the fourth quarter valued at about $80,000. TD Private Client Wealth LLC raised its position 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 purchasing an additional 586 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in CSG Systems International by 20.3% in 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 in the last quarter. Quantbot Technologies LP acquired a new stake in CSG Systems International during the 3rd quarter valued at $294,000. Finally, Cornercap Investment Counsel Inc. increased its position in CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after buying an additional 3,001 shares in the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

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.