CSG Systems International (NASDAQ:CSGS) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $63.54 and traded as high as $67.91. CSG Systems International shares last traded at $67.62, with a volume of 140,644 shares traded.

Analyst Upgrades and Downgrades

CSGS has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on CSG Systems International in a report on Tuesday, July 8th. They issued a “peer perform” rating for the company. Wall Street Zen downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a report on Wednesday, October 8th. Finally, Stifel Nicolaus upped their price target on CSG Systems International from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $71.29.

CSG Systems International Price Performance

The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 23.40, a P/E/G ratio of 1.76 and a beta of 0.92. The company has a fifty day moving average price of $64.73 and a two-hundred day moving average price of $63.54. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.85.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.12. The business had revenue of $271.26 million during the quarter, compared to the consensus estimate of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.02 earnings per share. On average, equities research analysts expect that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 19th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, September 19th. CSG Systems International’s dividend payout ratio is presently 44.29%.

Institutional Investors Weigh In On CSG Systems International

Several hedge funds have recently modified their holdings of the stock. LSV Asset Management lifted its holdings in shares of CSG Systems International by 6.0% during the first 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 period. Fuller & Thaler Asset Management Inc. lifted its holdings in shares of 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 purchasing an additional 216,128 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of CSG Systems International by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock worth $31,261,000 after purchasing an additional 7,908 shares during the period. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of CSG Systems International by 28.7% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock worth $24,295,000 after purchasing an additional 84,240 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in shares of CSG Systems International during the second quarter worth $10,859,000. 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.