Short Interest in CSG Systems International, Inc. (NASDAQ:CSGS) Drops By 13.0%

CSG Systems International, Inc. (NASDAQ:CSGS) was the target of a significant decrease in short interest during the month of January. As of January 15th, there was short interest totaling 3,176,745 shares, a decrease of 13.0% from the December 31st total of 3,652,269 shares. Based on an average trading volume of 658,984 shares, the short-interest ratio is currently 4.8 days. Currently, 11.5% of the company’s shares are sold short. Currently, 11.5% of the company’s shares are sold short. Based on an average trading volume of 658,984 shares, the short-interest ratio is currently 4.8 days.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wall Street Zen lowered CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Northland Securities downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Oppenheimer lowered CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Benchmark cut CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, William Blair lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.81.

Hedge Funds Weigh In On CSG Systems International

A number of hedge funds have recently added to or reduced their stakes in CSGS. Bank of New York Mellon Corp boosted its holdings in CSG Systems International by 1.7% in 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 acquiring an additional 7,908 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of CSG Systems International by 28.7% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after purchasing an additional 84,240 shares during the period. Lazard Asset Management LLC raised its position in shares of CSG Systems International by 75.7% during the 2nd quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after purchasing an additional 62,763 shares during the last quarter. Hillsdale Investment Management Inc. lifted its stake in CSG Systems International by 12.7% in the 3rd quarter. Hillsdale Investment Management Inc. now owns 120,300 shares of the technology company’s stock valued at $7,745,000 after buying an additional 13,600 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its stake in CSG Systems International by 36.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock worth $7,323,000 after buying an additional 30,150 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors.

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $79.81 on Tuesday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.86. CSG Systems International has a twelve month low of $54.65 and a twelve month high of $80.28. The stock has a market cap of $2.28 billion, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88. The firm’s fifty day simple moving average is $78.14 and its 200 day simple moving average is $70.94.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.14. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. The company had revenue of $303.62 million during the quarter, compared to analyst estimates of $278.76 million. As a group, research analysts predict that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Monday, December 22nd. CSG Systems International’s dividend payout ratio (DPR) is 43.39%.

About CSG Systems International

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.