CSG Systems International (NASDAQ:CSGS) Stock Crosses Above 200-Day Moving Average – What’s Next?

CSG Systems International, Inc. (NASDAQ:CSGS)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $48.03 and traded as high as $51.66. CSG Systems International shares last traded at $50.56, with a volume of 181,831 shares.

Analysts Set New Price Targets

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

CSG Systems International Price Performance

The business’s 50 day simple moving average is $52.74 and its 200-day simple moving average is $48.10. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. The company had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 EPS. Research analysts anticipate that CSG Systems International, Inc. will post 3.48 earnings per share for the current year.

CSG Systems International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.34%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s dividend payout ratio is presently 52.86%.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors and hedge funds have recently modified their holdings of CSGS. Wilmington Savings Fund Society FSB lifted its stake in CSG Systems International by 0.6% during the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after buying an additional 302 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in shares of CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after acquiring an additional 586 shares during the period. Geode Capital Management LLC lifted its position in shares of CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after acquiring an additional 4,903 shares in the last quarter. Dean Investment Associates LLC lifted its position in shares of CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after acquiring an additional 64,066 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in CSG Systems International in the 3rd quarter worth approximately $866,000. 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.