CSG Systems International (NASDAQ:CSGS) Announces Quarterly Earnings Results

Key Points

• CSG beat expectations: The company reported EPS of $1.37 (vs. $1.04 consensus) and revenue of $313.73 million (vs. $277.80 million consensus), outperforming analyst estimates.
• Shares traded at $80.34, near the 52‑week high of $80.67, with a market cap of $2.29 billion and a PE ratio of 40.37, reflecting a relatively rich valuation.
• Analyst and institutional stance: Weiss Ratings downgraded CSG from Buy to Hold, the consensus rating is Hold with a $77.23 price target, and institutional investors own about 91.07% of the stock.

CSG Systems International (NASDAQ:CSGS - Get Free Report) issued its quarterly earnings data on Wednesday. The technology company reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.04 by $0.33, FiscalAI reports. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%.The firm had revenue of $313.73 million during the quarter, compared to the consensus estimate of $277.80 million.

CSG Systems International Price Performance

Shares of CSG Systems International stock traded down $0.01 on Wednesday, hitting $80.34. The company had a trading volume of 260,425 shares, compared to its average volume of 323,214. The business has a 50-day simple moving average of $80.07 and a 200-day simple moving average of $78.35. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $2.29 billion, a PE ratio of 40.37, a PEG ratio of 2.05 and a beta of 0.81. CSG Systems International has a 52 week low of $60.04 and a 52 week high of $80.67.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of CSG Systems International from a "buy (b)" rating to a "hold (c+)" rating in a research note on Monday, February 23rd. One research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, CSG Systems International has a consensus rating of "Hold" and a consensus price target of $77.23.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System boosted its holdings in shares of CSG Systems International by 0.9% in the second quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company's stock valued at $1,775,000 after acquiring an additional 241 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its holdings in shares of CSG Systems International by 2.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 10,862 shares of the technology company's stock valued at $833,000 after acquiring an additional 304 shares in the last quarter. Jump Financial LLC bought a new position in shares of CSG Systems International in the second quarter valued at approximately $240,000. Danske Bank A S bought a new position in shares of CSG Systems International in the third quarter valued at approximately $637,000. Finally, Marshall Wace LLP bought a new position in shares of CSG Systems International in the second quarter valued at approximately $3,321,000. 91.07% of the stock is currently owned by institutional investors.

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.

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