CSG Systems International (NASDAQ:CSGS) Trading Up 6.7% – Time to Buy?

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) shot up 6.7% during mid-day trading on Wednesday . The company traded as high as $56.36 and last traded at $60.23. 2,562 shares changed hands during trading, a decline of 99% from the average session volume of 207,624 shares. The stock had previously closed at $56.44.

Analyst Ratings Changes

Several research analysts have recently weighed in on CSGS shares. Wells Fargo & Company upped their target price on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Royal Bank of Canada boosted their price objective 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. 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, StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $62.00.

CSG Systems International Price Performance

The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a 50 day simple moving average of $53.02 and a two-hundred day simple moving average of $49.62. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 25.86, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting the consensus estimate of $1.06. The business had revenue of $295.14 million during the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted $0.74 EPS. On average, equities research analysts predict that CSG Systems International, Inc. will post 3.44 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Wednesday, December 18th. CSG Systems International’s dividend payout ratio is presently 52.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Polaris Capital Management LLC grew its stake in shares of CSG Systems International by 10.7% in the fourth quarter. Polaris Capital Management LLC now owns 33,000 shares of the technology company’s stock worth $1,687,000 after acquiring an additional 3,200 shares in the last quarter. Advisors Preferred LLC acquired a new position in CSG Systems International during the 4th quarter worth $1,300,000. Boston Trust Walden Corp raised its position in CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after purchasing an additional 88,216 shares in the last quarter. Willis Investment Counsel grew its position in shares of CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after buying an additional 668 shares in the last quarter. Finally, Independence Bank of Kentucky purchased a new stake in shares of CSG Systems International during the fourth quarter worth approximately $80,000. 91.07% of the stock is currently 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.