CSG Systems International (NASDAQ:CSGS) Hits New 52-Week High Following Better-Than-Expected Earnings

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) hit a new 52-week high on Thursday following a stronger than expected earnings report. The company traded as high as $80.67 and last traded at $79.86, with a volume of 535069 shares traded. The stock had previously closed at $79.45.

The technology company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.33 by $0.20. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%.The firm had revenue of $323.09 million during the quarter, compared to analyst estimates of $296.25 million.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a $0.34 dividend. The ex-dividend date is Wednesday, March 18th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. CSG Systems International’s payout ratio is presently 64.32%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CSGS shares. Benchmark lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Northland Securities downgraded CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen downgraded CSG Systems International from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Oppenheimer downgraded shares of CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Finally, Sidoti cut shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price target on the stock. in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $72.94.

Institutional Investors Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC bought a new stake in CSG Systems International during the third quarter valued at $25,000. Covestor Ltd grew its position in shares of CSG Systems International by 30.9% during the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock valued at $35,000 after buying an additional 129 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in CSG Systems International by 98.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock worth $57,000 after acquiring an additional 367 shares during the period. Farther Finance Advisors LLC lifted its holdings in CSG Systems International by 108.0% in the fourth quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock worth $65,000 after acquiring an additional 443 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in CSG Systems International by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after acquiring an additional 210 shares during the period. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Price Performance

The company has a debt-to-equity ratio of 1.90, a current ratio of 1.44 and a quick ratio of 1.50. The company has a fifty day moving average price of $78.24 and a 200 day moving average price of $71.31. The company has a market capitalization of $2.28 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88.

CSG Systems International Company Profile

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.