CSG Systems International (NASDAQ:CSGS) Share Price Passes Above 200-Day Moving Average – Time to Sell?

by · The Markets Daily

CSG Systems International, Inc. (NASDAQ:CSGS – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $67.62 and traded as high as $77.13. CSG Systems International shares last traded at $77.02, with a volume of 487,544 shares traded.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Sidoti lowered shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price objective for the company. in a research note on Wednesday, October 29th. Northland Capmk cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Benchmark downgraded shares of 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. Finally, Royal Bank Of Canada downgraded CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $72.00 to $80.70 in a research note on Wednesday, October 29th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, CSG Systems International currently has an average rating of “Hold” and a consensus target price of $73.81.

View Our Latest Analysis on CSGS

CSG Systems International Trading Down 0.0%

The firm has a market capitalization of $2.20 billion, a P/E ratio of 26.11, a P/E/G ratio of 2.00 and a beta of 0.88. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.86. The stock has a 50 day simple moving average of $74.97 and a 200-day simple moving average of $67.69.

CSG Systems International (NASDAQ:CSGS – Get Free Report) last posted its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $278.76 million. On average, equities research analysts forecast that CSG Systems International, Inc. will post 3.83 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, December 22nd. CSG Systems International’s dividend payout ratio is 43.39%.

Institutional Trading of CSG Systems International

Several hedge funds have recently bought and sold shares of CSGS. Foster Dykema Cabot & Partners LLC bought a new position in shares of CSG Systems International in the third quarter worth about $25,000. Covestor Ltd raised its stake in CSG Systems International by 30.9% during 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 period. GAMMA Investing LLC raised its stake in 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 boosted its position in shares of CSG Systems International by 18.4% in the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after purchasing an additional 390 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of CSG Systems International in the second quarter worth $240,000. Institutional investors own 91.07% of the company’s stock.

About CSG Systems International

(Get Free Report)

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.

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