CSG Systems International (NASDAQ:CSGS) Reaches New 12-Month High – Should You Buy?

CSG Systems International, Inc. (NASDAQ:CSGS) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $79.69 and last traded at $79.7240, with a volume of 768982 shares. The stock had previously closed at $79.48.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CSGS shares. Oppenheimer cut shares of CSG Systems International to a “market perform” rating in a report on Wednesday, October 29th. Benchmark lowered CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a report on Wednesday, October 8th. Royal Bank Of Canada downgraded CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $72.00 to $80.70 in a research report on Wednesday, October 29th. Finally, Sidoti cut CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price objective for the company. in a research report on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.81.

CSG Systems International Stock Up 0.2%

The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 26.98, a PEG ratio of 1.88 and a beta of 0.89. The business has a fifty day simple moving average of $77.76 and a 200 day simple moving average of $69.55. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.50 and a quick ratio of 1.50.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.17 by $0.14. CSG Systems International had a return on equity of 42.54% and a net margin of 6.85%.The firm had revenue of $303.62 million during the quarter, compared to the consensus estimate of $278.76 million. As a group, equities analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 22nd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 22nd. CSG Systems International’s dividend payout ratio is currently 43.39%.

Institutional Investors Weigh In On CSG Systems International

Large investors have recently made changes to their positions in the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of CSG Systems International in the third quarter valued at approximately $25,000. Covestor Ltd increased its stake in shares of CSG Systems International by 30.9% in the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after acquiring an additional 129 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of CSG Systems International by 35.0% during the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock worth $55,000 after acquiring an additional 220 shares during the period. TD Private Client Wealth LLC raised its holdings in shares of CSG Systems International by 18.4% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after acquiring an additional 390 shares during the period. Finally, Jump Financial LLC acquired a new position in shares of CSG Systems International during the 2nd quarter valued at about $240,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

About CSG Systems International

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.