CSG Systems International (NASDAQ:CSGS) Trading Down 3.7% – Here’s Why

CSG Systems International, Inc. (NASDAQ:CSGS)’s share price was down 3.7% during trading on Tuesday . The company traded as low as $63.33 and last traded at $63.90. Approximately 126,257 shares were traded during trading, a decline of 51% from the average daily volume of 255,194 shares. The stock had previously closed at $66.33.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CSGS shares. Northland Securities restated an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Cantor Fitzgerald upped their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Stifel Nicolaus upped their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company lowered their target price on shares of CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 22nd. Finally, Wall Street Zen lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $70.71.

CSG Systems International Stock Performance

The stock’s fifty day moving average is $61.50 and its two-hundred day moving average is $58.68. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 21.17, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. The business had revenue of $271.55 million during the quarter, compared to analyst estimates of $274.10 million. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. Analysts forecast that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Wednesday, June 18th. CSG Systems International’s dividend payout ratio (DPR) is presently 43.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Amundi boosted its holdings in shares of CSG Systems International by 1.0% in the 4th quarter. Amundi now owns 18,027 shares of the technology company’s stock valued at $910,000 after buying an additional 179 shares during the period. Nisa Investment Advisors LLC boosted its holdings in shares of CSG Systems International by 1.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 17,943 shares of the technology company’s stock valued at $1,091,000 after buying an additional 259 shares during the period. TD Private Client Wealth LLC raised its position in shares of CSG Systems International by 21.3% during the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock worth $128,000 after buying an additional 373 shares in the last quarter. Willis Investment Counsel raised its holdings in shares of CSG Systems International by 4.3% in the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after purchasing an additional 668 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in shares of CSG Systems International in the first quarter worth approximately $48,000. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.