CSG Systems International (NASDAQ:CSGS) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• CSG Systems International's stock price recently surpassed its 200-day moving average, currently trading at $64.16 with a daily high of $64.56.
• Wall Street analysts are optimistic about CSGS, with a consensus rating of "Moderate Buy" and a target price of $71.29, while Sidoti upgraded the stock to a "strong-buy."
• The company announced a quarterly dividend of $0.32 per share, reflecting an annualized yield of 2.0% and a payout ratio of 44.29%.

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) shares 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 changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CSGS. Sidoti upgraded CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Wolfe Research assumed 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 boosted their price objective on CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, CSG Systems International has a consensus rating of "Moderate Buy" and an average target price of $71.29.

CSG Systems International Price Performance

The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market cap of $1.87 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 1.66 and a beta of 0.93. The business has a 50 day simple moving average of $63.24 and a 200-day simple moving average of $62.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its 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 company had revenue of $271.26 million during the quarter, compared to analyst estimates of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.CSG Systems International's quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. Equities research analysts expect that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 19th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, September 19th. CSG Systems International's dividend payout ratio (DPR) is presently 44.29%.

Institutional Investors Weigh In On CSG Systems International

A number of large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in CSG Systems International by 6,481.5% during the 1st quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company's stock valued at $2,296,000 after buying an additional 37,398 shares during the last quarter. Rhumbline Advisers boosted its position in CSG Systems International by 1.2% in the first quarter. Rhumbline Advisers now owns 79,976 shares of the technology company's stock worth $4,836,000 after purchasing an additional 948 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of CSG Systems International by 20.0% in the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company's stock worth $386,000 after buying an additional 1,064 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of CSG Systems International in the first quarter worth about $1,695,000. Finally, SG Americas Securities LLC bought a new stake in shares of CSG Systems International in the first quarter worth about $315,000. Hedge funds and other institutional investors own 91.07% of the company's stock.

CSG Systems International Company Profile

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.