CSG Systems International Inc. (CSGS) Announces $0.19 Quarterly Dividend
CSG Systems International Inc. (NASDAQ:CSGS) announced a quarterly dividend on Monday, November 21st. Investors of record on Wednesday, December 7th will be given a dividend of 0.185 per share on Thursday, December 22nd. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.73%.
Shares of CSG Systems International (NASDAQ:CSGS) opened at 42.78 on Tuesday. The company has a 50 day moving average of $40.00 and a 200-day moving average of $41.33. The company has a market capitalization of $1.32 billion, a P/E ratio of 19.28 and a beta of 0.81. CSG Systems International has a 12-month low of $32.45 and a 12-month high of $46.54.
CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, November 2nd. The company reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.19. CSG Systems International had a net margin of 9.68% and a return on equity of 34.24%. The business had revenue of $189.30 million for the quarter, compared to analyst estimates of $186.75 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. On average, equities analysts anticipate that CSG Systems International will post $2.86 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of CSG Systems International by 1.0% in the third quarter. California State Teachers Retirement System now owns 67,952 shares of the company’s stock worth $2,808,000 after buying an additional 700 shares in the last quarter. Arizona State Retirement System increased its position in CSG Systems International by 1.2% in the second quarter. Arizona State Retirement System now owns 16,858 shares of the company’s stock worth $680,000 after buying an additional 200 shares during the last quarter. Paloma Partners Management Co increased its position in CSG Systems International by 191.6% in the second quarter. Paloma Partners Management Co now owns 20,971 shares of the company’s stock worth $845,000 after buying an additional 13,779 shares during the last quarter. Citadel Advisors LLC increased its position in CSG Systems International by 122.9% in the second quarter. Citadel Advisors LLC now owns 24,335 shares of the company’s stock worth $981,000 after buying an additional 13,416 shares during the last quarter. Finally, Piermont Capital Management Inc. increased its position in CSG Systems International by 94.4% in the second quarter. Piermont Capital Management Inc. now owns 32,596 shares of the company’s stock worth $1,314,000 after buying an additional 15,831 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of CSG Systems International from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, September 22nd. Zacks Investment Research raised shares of CSG Systems International from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th.
CSG Systems International Company Profile
CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.
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