CSG Systems International (NASDAQ:CSGS) Reaches New 52-Week High – Time to Buy?

CSG Systems International, Inc. (NASDAQ:CSGS)’s share price reached a new 52-week high on Friday . The company traded as high as $67.89 and last traded at $67.91, with a volume of 27643 shares changing hands. The stock had previously closed at $66.76.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CSGS shares. Stifel Nicolaus boosted their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CSG Systems International in a research note on Friday. Wall Street Zen downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 18th. Finally, Wolfe Research started coverage on CSG Systems International in a report on Tuesday, July 8th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.29.

CSG Systems International Stock Performance

The company’s 50 day simple moving average is $64.63 and its 200 day simple moving average is $63.47. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.56 and a current ratio of 1.56. The stock has a market cap of $1.94 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.76 and a beta of 0.92.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.12. The company had revenue of $271.26 million during the quarter, compared to analyst estimates of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.CSG Systems International’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 earnings per share. Analysts expect 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 announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, September 19th. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. CSG Systems International’s dividend payout ratio (DPR) is currently 44.29%.

Hedge Funds Weigh In On CSG Systems International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. increased its holdings in CSG Systems International by 18.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock worth $82,075,000 after buying an additional 216,128 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in CSG Systems International in the second quarter valued at about $10,859,000. Fort Washington Investment Advisors Inc. OH grew its position in shares of CSG Systems International by 28.7% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after acquiring an additional 84,240 shares during the period. LSV Asset Management increased its stake in shares of CSG Systems International by 6.0% during the 1st quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock worth $88,624,000 after purchasing an additional 82,344 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in shares of CSG Systems International by 75.7% in 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 period. 91.07% of the stock is owned by hedge funds and other institutional investors.

About CSG Systems International

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.