CSG Systems International, Inc. (NASDAQ:CSGS) Sees Significant Decline in Short Interest

CSG Systems International, Inc. (NASDAQ:CSGS) saw a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 3,520,000 shares, a decline of 7.9% from the March 15th total of 3,820,000 shares. Currently, 12.5% of the company’s shares are short sold. Based on an average daily trading volume, of 295,400 shares, the short-interest ratio is presently 11.9 days.

CSG Systems International Trading Up 0.5 %

NASDAQ:CSGS traded up $0.23 on Tuesday, reaching $47.77. The company’s stock had a trading volume of 215,440 shares, compared to its average volume of 284,764. CSG Systems International has a 12-month low of $45.27 and a 12-month high of $69.35. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.96. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 1.48 and a beta of 0.82. The stock has a 50 day moving average price of $51.65 and a 200 day moving average price of $51.44.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. The company had revenue of $273.36 million for the quarter, compared to the consensus estimate of $273.92 million. On average, equities analysts anticipate that CSG Systems International will post 3.26 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s payout ratio is currently 54.79%.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently modified their holdings of the company. Baird Financial Group Inc. raised its holdings in shares of CSG Systems International by 10.3% in the 4th quarter. Baird Financial Group Inc. now owns 6,313 shares of the technology company’s stock valued at $336,000 after buying an additional 591 shares during the period. Brevan Howard Capital Management LP purchased a new stake in shares of CSG Systems International in the 4th quarter valued at $487,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of CSG Systems International in the 4th quarter valued at $218,000. BNP Paribas Financial Markets raised its holdings in shares of CSG Systems International by 48.6% in the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after buying an additional 14,682 shares during the period. Finally, LSV Asset Management raised its holdings in shares of CSG Systems International by 10.6% in the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after buying an additional 134,531 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CSGS shares. Royal Bank of Canada started coverage on CSG Systems International in a research note on Wednesday, March 27th. They set an “outperform” rating and a $61.00 price objective on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $63.00 price objective on shares of CSG Systems International in a research note on Thursday, February 8th. Finally, Wells Fargo & Company lowered their price objective on CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $63.00.

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.