CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Update

CSG Systems International, Inc. (NASDAQ:CSGS) saw a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,176,745 shares, a decrease of 13.0% from the December 31st total of 3,652,269 shares. Approximately 11.5% of the shares of the stock are sold short. Based on an average daily volume of 658,984 shares, the days-to-cover ratio is presently 4.8 days. Based on an average daily volume of 658,984 shares, the days-to-cover ratio is presently 4.8 days. Approximately 11.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On CSG Systems International

Several hedge funds have recently made changes to their positions in CSGS. Foster Dykema Cabot & Partners LLC acquired a new position in CSG Systems International in the 3rd quarter valued at about $25,000. Covestor Ltd raised its stake in shares of CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after purchasing an additional 129 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of CSG Systems International by 108.0% during the fourth quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock worth $65,000 after purchasing an additional 443 shares during the period. GAMMA Investing LLC grew its position in CSG Systems International by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after buying an additional 210 shares during the last quarter. Finally, ST Germain D J Co. Inc. acquired a new position in CSG Systems International in the 4th quarter valued at $177,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Price Performance

Shares of NASDAQ CSGS opened at $79.69 on Wednesday. The stock’s 50-day simple moving average is $78.17 and its 200-day simple moving average is $71.07. The firm has a market capitalization of $2.27 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88. CSG Systems International has a fifty-two week low of $54.65 and a fifty-two week high of $80.28. 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 announced its quarterly earnings results 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 net margin of 6.85% and a return on equity of 42.54%. The company had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. As a group, equities research analysts forecast that CSG Systems International will post 3.83 EPS for the current fiscal 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 given a $0.32 dividend. The ex-dividend date was Monday, December 22nd. This represents a $1.28 annualized dividend and a yield of 1.6%. CSG Systems International’s dividend payout ratio is 43.39%.

Analyst Ratings Changes

A number of analysts have recently issued reports on CSGS shares. William Blair downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Wall Street Zen downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Northland Securities downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Weiss Ratings restated a “buy (b-)” rating on shares of CSG Systems International in a research note on Wednesday, October 8th. Finally, Sidoti downgraded CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price objective on the stock. in a report on Wednesday, October 29th. Four equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.81.

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.