CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Down 7.8% in September

CSG Systems International, Inc. (NASDAQ:CSGS) was the target of a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,140,000 shares, a decline of 7.8% from the September 15th total of 2,320,000 shares. Based on an average daily trading volume, of 216,100 shares, the days-to-cover ratio is presently 9.9 days. Currently, 7.6% of the company’s stock are short sold.

CSG Systems International Trading Down 0.1 %

CSG Systems International stock opened at $49.07 on Friday. CSG Systems International has a one year low of $39.56 and a one year high of $55.64. The business’s fifty day moving average is $47.52 and its 200 day moving average is $45.20. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $1.46 billion, a PE ratio of 22.41, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. The firm had revenue of $290.30 million during the quarter, compared to analyst estimates of $269.60 million. During the same period in the previous year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, sell-side analysts predict that CSG Systems International will post 3.43 EPS for the current year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. CSG Systems International’s dividend payout ratio is presently 54.79%.

Wall Street Analyst Weigh In

CSGS has been the topic of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Wednesday, August 7th. Cantor Fitzgerald increased their price objective on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada decreased their target price on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating for the company in a report on Thursday, August 8th. Finally, StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $58.80.

Hedge Funds Weigh In On CSG Systems International

Institutional investors and hedge funds have recently modified their holdings of the company. LSV Asset Management lifted its holdings in CSG Systems International by 2.1% in the first quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock valued at $74,135,000 after acquiring an additional 29,723 shares during the period. Boston Trust Walden Corp lifted its stake in shares of CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after purchasing an additional 156,222 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of CSG Systems International by 30.5% in the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock worth $30,665,000 after buying an additional 173,944 shares during the last quarter. Lazard Asset Management LLC grew its position in CSG Systems International by 116.2% during the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after buying an additional 28,666 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in CSG Systems International by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after buying an additional 1,644 shares during the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.