CSG Systems International, Inc. (NASDAQ:CSGS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $58.26 and last traded at $58.05, with a volume of 1951 shares trading hands. The stock had previously closed at $57.58.
A number of research analysts have issued reports on CSGS shares. Zacks Investment Research upgraded shares of CSG Systems International from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research note on Tuesday, November 5th. B. Riley set a $58.00 price objective on shares of CSG Systems International and gave the stock a “buy” rating in a research note on Friday, August 23rd. Sidoti lowered shares of CSG Systems International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. ValuEngine upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, BidaskClub lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $61.00.
The stock’s fifty day moving average is $53.03 and its 200-day moving average is $50.23. The stock has a market capitalization of $1.88 billion, a PE ratio of 22.20 and a beta of 1.02. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.70 and a quick ratio of 1.70.
CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, October 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.07. CSG Systems International had a net margin of 8.20% and a return on equity of 26.74%. The firm had revenue of $235.05 million for the quarter, compared to the consensus estimate of $229.33 million. During the same period in the prior year, the firm posted $0.70 earnings per share. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, analysts forecast that CSG Systems International, Inc. will post 2.9 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Tuesday, December 3rd will be paid a $0.222 dividend. This represents a $0.89 annualized dividend and a dividend yield of 1.52%. The ex-dividend date is Monday, December 2nd. CSG Systems International’s payout ratio is 34.10%.
A number of institutional investors have recently modified their holdings of the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new position in CSG Systems International in the 3rd quarter valued at $25,000. Arizona State Retirement System increased its holdings in shares of CSG Systems International by 1.3% during the second quarter. Arizona State Retirement System now owns 51,528 shares of the technology company’s stock valued at $2,516,000 after purchasing an additional 641 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of CSG Systems International by 6.2% during the second quarter. UBS Asset Management Americas Inc. now owns 18,237 shares of the technology company’s stock valued at $891,000 after purchasing an additional 1,069 shares during the period. Pinebridge Investments L.P. grew its holdings in CSG Systems International by 4.8% during the second quarter. Pinebridge Investments L.P. now owns 30,974 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 1,419 shares during the period. Finally, Gresham Partners LLC acquired a new position in CSG Systems International during the second quarter worth about $72,000. Institutional investors own 95.74% of the company’s stock.
About CSG Systems International (NASDAQ:CSGS)
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.
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