CSG Systems International (NASDAQ:CSGS) Sets New 52-Week High Following Earnings Beat

Shares of CSG Systems International, Inc. (NASDAQ:CSGSGet Free Report) hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The stock traded as high as $80.67 and last traded at $79.86, with a volume of 535069 shares changing hands. The stock had previously closed at $79.45.

The technology company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.33 by $0.20. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. The firm had revenue of $323.09 million during the quarter, compared to analyst estimates of $296.25 million.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a dividend of $0.34 per share. This is a boost from CSG Systems International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, March 18th. CSG Systems International’s dividend payout ratio (DPR) is 68.34%.

CSG Systems International News Roundup

Here are the key news stories impacting CSG Systems International this week:

Analyst Ratings Changes

A number of analysts have recently commented on the company. William Blair cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Northland Securities lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Royal Bank Of Canada cut shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $72.00 to $80.70 in a research report on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, CSG Systems International has a consensus rating of “Hold” and a consensus target price of $73.81.

Read Our Latest Report on CSG Systems International

Institutional Trading of CSG Systems International

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its position in shares of CSG Systems International by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock worth $31,261,000 after buying an additional 7,908 shares in the last quarter. Willis Investment Counsel lifted its stake in CSG Systems International by 91.2% in the second quarter. Willis Investment Counsel now owns 35,341 shares of the technology company’s stock worth $2,308,000 after acquiring an additional 16,862 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of CSG Systems International by 24.8% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 106,700 shares of the technology company’s stock valued at $6,969,000 after purchasing an additional 21,200 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of CSG Systems International by 2.3% in the 2nd quarter. Rhumbline Advisers now owns 81,812 shares of the technology company’s stock valued at $5,343,000 after purchasing an additional 1,836 shares in the last quarter. Finally, Leuthold Group LLC lifted its stake in CSG Systems International by 2.4% during the second quarter. Leuthold Group LLC now owns 43,593 shares of the technology company’s stock worth $2,847,000 after purchasing an additional 1,014 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 0.5%

The stock has a market capitalization of $2.28 billion, a PE ratio of 27.07, a PEG ratio of 1.88 and a beta of 0.88. The business’s 50-day moving average is $78.19 and its two-hundred day moving average is $71.13. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.86.

About CSG Systems International

(Get Free Report)

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

Further Reading

Receive News & Ratings for CSG Systems International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSG Systems International and related companies with MarketBeat.com's FREE daily email newsletter.