CSG Systems International (NASDAQ:CSGS) Hits New 52-Week High – Still a Buy?

CSG Systems International, Inc. (NASDAQ:CSGS) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $79.88 and last traded at $79.76, with a volume of 280015 shares changing hands. The stock had previously closed at $79.54.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Benchmark downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. William Blair cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Wall Street Zen lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Oppenheimer cut shares of CSG Systems International to a “market perform” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, CSG Systems International presently has a consensus rating of “Hold” and a consensus price target of $73.81.

CSG Systems International Stock Up 0.3%

The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 1.88 and a beta of 0.89. The business’s 50-day moving average is $77.87 and its 200-day moving average is $69.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The firm had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. On average, equities analysts predict that CSG Systems International, Inc. will post 3.83 EPS for the current year.

CSG Systems International Announces Dividend

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

Institutional Trading of CSG Systems International

Large investors have recently made changes to their positions in the business. Harbor Capital Advisors Inc. increased its stake in shares of CSG Systems International by 16.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 9,620 shares of the technology company’s stock valued at $738,000 after buying an additional 1,376 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in CSG Systems International during the 4th quarter worth about $475,000. SG Americas Securities LLC increased its position in CSG Systems International by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 13,321 shares of the technology company’s stock valued at $1,022,000 after acquiring an additional 2,633 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of CSG Systems International by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock worth $77,000 after acquiring an additional 210 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of CSG Systems International during the third quarter worth approximately $637,000. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Company Profile

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.