CSG Systems International (NASDAQ:CSGS) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

CSG Systems International, Inc. (NASDAQ:CSGS) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $71.78 and traded as high as $79.83. CSG Systems International shares last traded at $79.61, with a volume of 821,284 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in 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. Royal Bank Of Canada cut CSG Systems International from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $72.00 to $80.70 in a research note on Wednesday, October 29th. Sidoti lowered shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price target for the company. in a research report on Wednesday, October 29th. Benchmark cut shares of 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. Three equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $72.94.

CSG Systems International Trading Up 0.0%

The company has a 50 day moving average of $78.39 and a 200 day moving average of $71.78. The firm has a market cap of $2.27 billion, a P/E ratio of 40.01, a PEG ratio of 1.88 and a beta of 0.88. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.50 and a current ratio of 1.44.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.20. The firm had revenue of $323.09 million during the quarter, compared to analysts’ expectations of $296.25 million. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. Analysts predict that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, March 18th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.32. CSG Systems International’s dividend payout ratio (DPR) is presently 64.32%.

Hedge Funds Weigh In On CSG Systems International

Several hedge funds have recently bought and sold shares of the business. Bradley Foster & Sargent Inc. CT lifted its position in shares of CSG Systems International by 2.9% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 10,862 shares of the technology company’s stock worth $833,000 after buying an additional 304 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of CSG Systems International by 98.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock valued at $57,000 after acquiring an additional 367 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of CSG Systems International in the 4th quarter valued at approximately $4,275,000. Gabelli Funds LLC acquired a new stake in CSG Systems International in the 4th quarter worth approximately $6,064,000. Finally, Leuthold Group LLC boosted its position in CSG Systems International by 1.3% during the fourth quarter. Leuthold Group LLC now owns 46,602 shares of the technology company’s stock worth $3,574,000 after purchasing an additional 590 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Company Profile

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.