CSG Systems International (NASDAQ:CSGS) Stock Price Passes Above 200-Day Moving Average - Here's What Happened

Key Points

• CSG Systems International's stock price has surpassed its 200-day moving average, trading as high as $64.56 before settling at $62.87.
• The company reported a quarterly earnings per share of $1.16, beating estimates by $0.12, with revenues of $271.26 million for the quarter.
• Analysts have mixed ratings on the stock, with two strong buy ratings and an overall consensus rating of "Buy" with a target price of $71.29.

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $62.35 and traded as high as $64.56. CSG Systems International shares last traded at $62.87, with a volume of 804,365 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CSGS shares. Wells Fargo & Company dropped their price objective on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Sidoti raised CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Wolfe Research began coverage on CSG Systems International in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Stifel Nicolaus lifted their price target on CSG Systems International from $66.00 to $70.00 and gave the company a "buy" rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, CSG Systems International currently has a consensus rating of "Buy" and a consensus target price of $71.29.

CSG Systems International Price Performance

The firm has a market capitalization of $1.81 billion, a P/E ratio of 21.75, a PEG ratio of 1.67 and a beta of 0.90. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.85. The business's 50-day simple moving average is $63.44 and its 200 day simple moving average is $62.35.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.12. The business had revenue of $271.26 million during the quarter, compared to analyst estimates of $267.41 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The company's revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.02 earnings per share. Sell-side analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 18th. CSG Systems International's dividend payout ratio (DPR) is 44.29%.

Institutional Trading of CSG Systems International

A number of institutional investors have recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. grew its position in shares of CSG Systems International by 18.9% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company's stock worth $82,075,000 after buying an additional 216,128 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in shares of CSG Systems International during the second quarter valued at about $10,859,000. LSV Asset Management lifted its holdings in CSG Systems International by 6.0% in the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company's stock worth $88,624,000 after buying an additional 82,344 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of CSG Systems International by 198.6% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 83,600 shares of the technology company's stock worth $5,460,000 after acquiring an additional 55,600 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of CSG Systems International by 6,481.5% during the first quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company's stock valued at $2,296,000 after purchasing an additional 37,398 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

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