CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $62.56 and traded as high as $64.56. CSG Systems International shares last traded at $64.16, with a volume of 172,839 shares.
Wall Street Analyst Weigh In
CSGS has been the topic of a number of research reports. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Wolfe Research began coverage on shares of CSG Systems International in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Wall Street Zen raised shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Finally, Stifel Nicolaus boosted their price objective on shares of CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $71.29.
Read Our Latest Stock Report on CSGS
CSG Systems International Trading Up 0.3%
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 company has a market cap of $1.86 billion, a P/E ratio of 22.43, a PEG ratio of 1.68 and a beta of 0.93. The firm's 50 day moving average is $63.27 and its two-hundred day moving average is $62.60.
CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.12. The business had revenue of $271.26 million for the quarter, compared to analysts' expectations of $267.41 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The business's quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 earnings per share. As a group, equities research analysts anticipate that CSG Systems International, Inc. will post 3.83 EPS for the current year.
CSG Systems International Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. CSG Systems International's dividend payout ratio is 44.29%.
Institutional Trading of CSG Systems International
A number of institutional investors have recently bought and sold shares of CSGS. GAMMA Investing LLC boosted its position in 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 acquiring an additional 37,398 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of CSG Systems International by 1.2% during the first quarter. Rhumbline Advisers now owns 79,976 shares of the technology company's stock valued at $4,836,000 after purchasing an additional 948 shares during the period. Harbor Capital Advisors Inc. raised its holdings in shares of CSG Systems International by 20.0% during the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock valued at $386,000 after purchasing an additional 1,064 shares during the period. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of CSG Systems International during the first quarter valued at about $1,695,000. Finally, SG Americas Securities LLC acquired a new position in shares of CSG Systems International during the first quarter valued at about $315,000. Institutional investors own 91.07% of the company's stock.
About CSG Systems International
(
Get Free Report)
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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