CSG Systems International (NASDAQ:CSGS) Hits New 1-Year High – Still a Buy?

CSG Systems International, Inc. (NASDAQ:CSGS)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $64.48 and last traded at $58.29, with a volume of 1023900 shares changing hands. The stock had previously closed at $56.44.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CSGS shares. Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Wells Fargo & Company raised their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada raised their price objective on shares of 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 research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CSG Systems International has a consensus rating of “Buy” and an average target price of $62.00.

CSG Systems International Stock Performance

The stock’s 50-day moving average is $53.15 and its 200-day moving average is $49.74. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 25.90, a price-to-earnings-growth ratio of 1.60 and a beta of 0.88. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last announced its 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. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same quarter last year, the business earned $0.74 earnings per share. CSG Systems International’s revenue was up 2.9% compared to the same quarter last year. Analysts anticipate that CSG Systems International, Inc. will post 3.44 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.04%. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

Hedge Funds Weigh In On CSG Systems International

Hedge funds have recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB lifted its holdings in shares of CSG Systems International by 0.6% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after acquiring an additional 302 shares in the last quarter. TD Private Client Wealth LLC increased its stake in CSG Systems International by 38.0% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after buying an additional 586 shares during the period. Central Pacific Bank Trust Division boosted its position in CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after buying an additional 610 shares during the last quarter. Willis Investment Counsel boosted its position in CSG Systems International by 4.3% in the 4th quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock valued at $832,000 after buying an additional 668 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in CSG Systems International by 0.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after buying an additional 1,420 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

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.