CSG Systems International (NASDAQ:CSGS) Sees Large Volume Increase - Here's Why

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) shares saw unusually-strong trading volume on Wednesday . Approximately 887,718 shares traded hands during trading, an increase of 246% from the previous session's volume of 256,768 shares.The stock last traded at $64.16 and had previously closed at $62.33.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CSGS shares. Wolfe Research assumed coverage on shares of CSG Systems International in a research report on Tuesday, July 8th. They set a "peer perform" rating for the company. Wall Street Zen upgraded shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a research report on Sunday, June 29th. Wells Fargo & Company reduced their target price on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Finally, Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $70.71.

CSG Systems International Stock Performance

The company has a debt-to-equity ratio of 1.90, a current ratio of 1.55 and a quick ratio of 1.55. The stock's 50-day simple moving average is $64.06 and its 200 day simple moving average is $61.36. The stock has a market capitalization of $1.81 billion, a P/E ratio of 21.26, a PEG ratio of 1.65 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. The firm had revenue of $271.55 million during the quarter, compared to analysts' expectations of $274.10 million. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.01 earnings per share. Research analysts expect that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were given a $0.32 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. CSG Systems International's payout ratio is presently 43.69%.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently bought and sold shares of the company. USA Financial Formulas acquired a new position in CSG Systems International during the first quarter worth about $48,000. GAMMA Investing LLC increased its stake in shares of CSG Systems International by 35.0% in the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company's stock valued at $55,000 after buying an additional 220 shares during the period. TD Private Client Wealth LLC increased its stake in shares of CSG Systems International by 21.3% in the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock valued at $128,000 after buying an additional 373 shares during the period. Praxis Investment Management Inc. acquired a new position in shares of CSG Systems International in the first quarter valued at approximately $206,000. Finally, SG Americas Securities LLC acquired a new position in shares of CSG Systems International in the first quarter valued at approximately $315,000. Institutional investors own 91.07% of the company's stock.

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.