CSG Systems International (NASDAQ:CSGS) Reaches New 52-Week Low at $41.27

CSG Systems International, Inc. (NASDAQ:CSGS) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $41.27 and last traded at $41.55, with a volume of 17863 shares changing hands. The stock had previously closed at $41.57.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Cantor Fitzgerald lowered their target price on CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Royal Bank of Canada assumed coverage on CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus target price of $62.50.

CSG Systems International Trading Up 0.0 %

The firm has a market capitalization of $1.23 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 1.27 and a beta of 0.83. The company has a debt-to-equity ratio of 1.98, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a 50 day moving average price of $49.56 and a two-hundred day moving average price of $50.82.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. On average, equities research analysts expect that CSG Systems International, Inc. will post 3.29 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio (DPR) is 54.79%.

Institutional Trading of CSG Systems International

Hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC boosted its position in CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in CSG Systems International during the first quarter valued at $190,000. Sciencast Management LP acquired a new stake in CSG Systems International during the first quarter valued at $233,000. Quantbot Technologies LP boosted its position in CSG Systems International by 31.8% during the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock valued at $981,000 after purchasing an additional 4,590 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in CSG Systems International by 48.6% during the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after buying an additional 14,682 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.