CSG Systems International (NASDAQ:CSGS) Reaches New 52-Week Low After Analyst Downgrade

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Thursday after Cantor Fitzgerald lowered their price target on the stock from $63.00 to $62.00. Cantor Fitzgerald currently has an overweight rating on the stock. CSG Systems International traded as low as $42.83 and last traded at $43.10, with a volume of 82338 shares changing hands. The stock had previously closed at $45.82.

A number of other analysts also recently commented on the stock. Royal Bank of Canada began coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They set an "outperform" rating and a $61.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of CSG Systems International from $50.00 to $48.00 and set an "equal weight" rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $62.50.

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of CSG Systems International by 3.7% in the 1st quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company's stock worth $2,399,000 after purchasing an additional 1,644 shares in the last quarter. LSV Asset Management raised its holdings in shares of CSG Systems International by 10.6% during the fourth quarter. LSV Asset Management now owns 1,408,672 shares of the technology company's stock valued at $74,955,000 after acquiring an additional 134,531 shares during the period. Bahl & Gaynor Inc. raised its holdings in shares of CSG Systems International by 5.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company's stock valued at $27,070,000 after acquiring an additional 24,385 shares during the period. Boston Trust Walden Corp raised its holdings in shares of CSG Systems International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company's stock valued at $44,281,000 after acquiring an additional 8,395 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in shares of CSG Systems International by 3.8% during the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company's stock valued at $3,523,000 after acquiring an additional 2,524 shares during the period. 91.07% of the stock is currently owned by institutional investors.

CSG Systems International Price Performance

The stock's fifty day moving average price is $50.74 and its 200-day moving average price is $51.16. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.54 and a quick ratio of 1.54. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.45 and a beta of 0.83.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. The business had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. Equities research analysts predict that CSG Systems International, Inc. will post 3.26 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.85%. This is a positive change from CSG Systems International's previous quarterly dividend of $0.28. CSG Systems International's payout ratio is currently 54.79%.

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.