Short Interest in CSG Systems International, Inc. (NASDAQ:CSGS) Decreases By 7.9%

CSG Systems International, Inc. (NASDAQ:CSGS) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 3,520,000 shares, a decrease of 7.9% from the March 15th total of 3,820,000 shares. Based on an average daily volume of 295,400 shares, the days-to-cover ratio is presently 11.9 days. Currently, 12.5% of the company’s stock are short sold.

Hedge Funds Weigh In On CSG Systems International

A number of large investors have recently added to or reduced their stakes in CSGS. Baird Financial Group Inc. boosted its position in CSG Systems International by 4.5% during the second quarter. Baird Financial Group Inc. now owns 5,722 shares of the technology company’s stock valued at $302,000 after buying an additional 245 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of CSG Systems International by 5.7% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 10,396 shares of the technology company’s stock valued at $548,000 after purchasing an additional 562 shares during the period. Lazard Asset Management LLC grew its holdings in shares of CSG Systems International by 9.2% in the second quarter. Lazard Asset Management LLC now owns 7,017 shares of the technology company’s stock worth $370,000 after purchasing an additional 592 shares during the last quarter. State of Tennessee Treasury Department increased its stake in shares of CSG Systems International by 4.9% in the second quarter. State of Tennessee Treasury Department now owns 18,263 shares of the technology company’s stock worth $963,000 after buying an additional 851 shares during the period. Finally, Credit Suisse AG raised its holdings in CSG Systems International by 6.1% during the 2nd quarter. Credit Suisse AG now owns 32,800 shares of the technology company’s stock valued at $1,957,000 after buying an additional 1,896 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Price Performance

Shares of NASDAQ CSGS traded up $0.23 during midday trading on Tuesday, hitting $47.77. 215,440 shares of the company’s stock were exchanged, compared to its average volume of 284,764. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.96. The business’s fifty day moving average price is $51.67 and its two-hundred day moving average price is $51.42. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 1.48 and a beta of 0.82. CSG Systems International has a 12-month low of $45.27 and a 12-month high of $69.35.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. The business had revenue of $273.36 million during the quarter, compared to analysts’ expectations of $273.92 million. As a group, research analysts forecast that CSG Systems International will post 3.26 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, March 14th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.51%. CSG Systems International’s dividend payout ratio (DPR) is 54.79%.

Analysts Set New Price Targets

A number of analysts recently commented on CSGS shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $63.00 price target on shares of CSG Systems International in a research report on Thursday, February 8th. Royal Bank of Canada initiated coverage on CSG Systems International in a research note on Wednesday, March 27th. They set an “outperform” rating and a $61.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating for the company in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

About CSG Systems International

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.