CSG Systems International (NASDAQ:CSGS) Reaches New 12-Month High Following Better-Than-Expected Earnings

CSG Systems International, Inc. (NASDAQ:CSGS)’s share price hit a new 52-week high during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $65.00 and last traded at $63.82, with a volume of 59864 shares. The stock had previously closed at $61.66.

The technology company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%.

CSG Systems International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Analyst Ratings Changes

CSGS has been the topic of several research analyst reports. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday. Cantor Fitzgerald upped their price target 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. Wells Fargo & Company lifted their price objective on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. Benchmark reissued a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Royal Bank of Canada lifted their price target on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.20.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CSGS. Boston Trust Walden Corp boosted its stake in CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after purchasing an additional 88,216 shares during the period. Dean Investment Associates LLC raised its holdings in shares of CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after buying an additional 64,066 shares during the last quarter. Advisors Preferred LLC acquired a new stake in shares of CSG Systems International during the fourth quarter worth about $1,300,000. Martingale Asset Management L P purchased a new position in shares of CSG Systems International during the third quarter worth about $866,000. Finally, SG Americas Securities LLC acquired a new position in CSG Systems International in the 3rd quarter valued at about $840,000. 91.07% of the stock is owned by hedge funds and other institutional investors.

CSG Systems International Trading Up 4.6 %

The company has a 50 day simple moving average of $53.40 and a 200 day simple moving average of $50.15. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.88 billion, a PE ratio of 28.57, a P/E/G ratio of 1.61 and a beta of 0.89.

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.