CSG Systems International (NASDAQ:CSGS) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $48.44 and traded as high as $50.24. CSG Systems International shares last traded at $49.81, with a volume of 148,602 shares.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CSGS shares. Royal Bank of Canada lifted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 19th. Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Wells Fargo & Company boosted their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.00.

CSG Systems International Stock Performance

The company has a market cap of $1.45 billion, a PE ratio of 21.94, a P/E/G ratio of 1.57 and a beta of 0.88. 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 firm’s 50-day simple moving average is $53.08 and its two-hundred day simple moving average is $48.44.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 EPS. As a group, research analysts anticipate that CSG Systems International, Inc. will post 3.48 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is currently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CSGS. Dean Investment Associates LLC lifted its holdings in CSG Systems International by 116.1% during the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after purchasing an additional 64,066 shares in the last quarter. Martingale Asset Management L P purchased a new position in shares of CSG Systems International in the third quarter worth about $866,000. SG Americas Securities LLC purchased a new position in shares of CSG Systems International in the third quarter worth about $840,000. Quantbot Technologies LP purchased a new position in shares of CSG Systems International in the third quarter worth about $294,000. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of CSG Systems International in the second quarter worth about $243,000. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.