CSG Systems International (NASDAQ:CSGS) Posts Earnings Results, Beats Estimates By $0.33 EPS

CSG Systems International (NASDAQ:CSGS) issued its earnings results on Wednesday. The technology company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.33, FiscalAI reports. The company had revenue of $313.73 million during the quarter, compared to analysts’ expectations of $277.80 million. CSG Systems International had a net margin of 5.14% and a return on equity of 39.70%.

CSG Systems International Trading Down 0.0%

Shares of CSGS stock traded down $0.02 during mid-day trading on Friday, hitting $80.38. 157,498 shares of the company’s stock were exchanged, compared to its average volume of 410,962. The stock has a 50-day simple moving average of $80.08 and a two-hundred day simple moving average of $78.46. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.90. CSG Systems International has a fifty-two week low of $60.54 and a fifty-two week high of $80.67. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 35.72, a PEG ratio of 2.05 and a beta of 0.81.

Analyst Ratings Changes

Separately, Weiss Ratings cut CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. One equities research analyst has rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $77.23.

Hedge Funds Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently modified their holdings of the company. Defiance ETFs LLC purchased a new stake in shares of CSG Systems International in the fourth quarter worth about $11,874,000. Water Island Capital LLC bought a new stake in shares of CSG Systems International in the 4th quarter valued at approximately $11,559,000. Lazard Asset Management LLC increased its stake in CSG Systems International by 75.7% during the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock valued at $9,512,000 after purchasing an additional 62,763 shares during the last quarter. Marshall Wace LLP grew its position in shares of CSG Systems International by 158.4% during the 4th quarter. Marshall Wace LLP now owns 131,286 shares of the technology company’s stock valued at $10,068,000 after buying an additional 80,476 shares during the last quarter. Finally, Carmignac Gestion bought a new position in shares of CSG Systems International during the fourth quarter valued at approximately $7,907,000. 91.07% of the stock is owned by institutional investors and hedge funds.

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.