CSG Systems International (NASDAQ:CSGS) Sets New 52-Week High – Here’s Why

CSG Systems International, Inc. (NASDAQ:CSGS) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $80.72 and last traded at $80.67, with a volume of 235986 shares trading hands. The stock had previously closed at $80.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a report on Monday, February 23rd. One investment analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.23.

CSG Systems International Stock Performance

The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 2.06 and a beta of 0.81. The firm has a fifty day moving average of $80.10 and a 200-day moving average of $78.67. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 1.84.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, May 6th. The technology company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.33. The firm had revenue of $313.73 million during the quarter, compared to the consensus estimate of $277.80 million. CSG Systems International had a net margin of 5.14% and a return on equity of 39.49%. As a group, sell-side analysts anticipate that CSG Systems International, Inc. will post 3.91 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CSGS. Foster Dykema Cabot & Partners LLC acquired a new stake in CSG Systems International in the 3rd quarter worth about $25,000. Covestor Ltd increased its holdings in CSG Systems International by 30.9% in the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock valued at $35,000 after purchasing an additional 129 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in CSG Systems International by 98.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock valued at $57,000 after purchasing an additional 367 shares during the period. Farther Finance Advisors LLC lifted its stake 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 in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of CSG Systems International by 64.2% in the first quarter. Parallel Advisors LLC now owns 885 shares of the technology company’s stock valued at $71,000 after buying an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

About CSG Systems International

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.