CSG Systems International (NASDAQ:CSGS) Shares Down 3.7% - Should You Sell?

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) were down 3.7% on Tuesday . The company traded as low as $63.33 and last traded at $63.90. Approximately 126,257 shares traded hands during trading, a decline of 51% from the average daily volume of 255,194 shares. The stock had previously closed at $66.33.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CSGS. Stifel Nicolaus lifted their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. Sidoti upgraded CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Royal Bank of Canada upped their price objective on CSG Systems International from $58.00 to $69.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Cantor Fitzgerald raised their target price on CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Finally, Northland Securities reaffirmed an "outperform" rating and issued a $80.00 price target (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $70.71.

CSG Systems International Price Performance

The firm has a market capitalization of $1.86 billion, a PE ratio of 21.14, a P/E/G ratio of 1.68 and a beta of 0.87. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. The company has a fifty day moving average price of $61.67 and a two-hundred day moving average price of $58.81.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.14. The company had revenue of $271.55 million during the quarter, compared to analysts' expectations of $274.10 million. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.01 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Wednesday, June 18th. CSG Systems International's dividend payout ratio is currently 43.69%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its holdings in shares of CSG Systems International by 18.9% during the first 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. Hillsdale Investment Management Inc. purchased a new position in shares of CSG Systems International in the 4th quarter valued at approximately $4,222,000. LSV Asset Management increased its holdings in shares of 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 valued at $88,624,000 after purchasing an additional 82,344 shares during the period. GAMMA Investing LLC increased its holdings in shares of CSG Systems International by 6,481.5% in 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 during the period. Finally, Uniplan Investment Counsel Inc. purchased a new stake in shares of CSG Systems International during the first quarter worth approximately $1,886,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.