CSG Systems International (NASDAQ:CSGS) Sees Large Volume Increase – Still a Buy?

CSG Systems International, Inc. (NASDAQ:CSGS) saw an uptick in trading volume on Tuesday . 1,197,398 shares changed hands during trading, an increase of 282% from the previous session’s volume of 313,710 shares.The stock last traded at $78.05 and had previously closed at $77.82.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CSGS. Weiss Ratings restated a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Stifel Nicolaus raised their target price on shares of CSG Systems International from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, August 8th. Northland Capmk downgraded shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Oppenheimer lowered shares of CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Finally, Wall Street Zen downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $73.81.

CSG Systems International Trading Up 0.2%

The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. The business’s 50-day moving average price is $70.25 and its two-hundred day moving average price is $66.08.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.14. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The company had revenue of $303.62 million during the quarter, compared to the consensus estimate of $278.76 million. Equities analysts expect that CSG Systems International, Inc. will post 3.83 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Monday, December 22nd will be issued a $0.32 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.28 annualized dividend and a yield of 1.6%. CSG Systems International’s payout ratio is 43.39%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. grew its holdings in CSG Systems International by 18.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock valued at $82,075,000 after purchasing an additional 216,128 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of CSG Systems International in the 2nd quarter valued at $10,859,000. Fort Washington Investment Advisors Inc. OH grew its stake in shares of CSG Systems International by 28.7% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after buying an additional 84,240 shares during the period. LSV Asset Management increased its holdings in shares of CSG Systems International by 6.0% during the 1st quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock worth $88,624,000 after buying an additional 82,344 shares during the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of CSG Systems International by 75.7% during the 2nd quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after buying an additional 62,763 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Company Profile

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.