CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Update

CSG Systems International, Inc. (NASDAQ:CSGS) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 1,950,000 shares, a drop of 7.1% from the October 15th total of 2,100,000 shares. Approximately 7.0% of the company’s shares are short sold. Based on an average daily trading volume, of 214,400 shares, the days-to-cover ratio is presently 9.1 days.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CSGS shares. Wells Fargo & Company lifted their target price on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th. StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Friday. Benchmark reissued a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Royal Bank of Canada lifted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald upped their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CSG Systems International currently has an average rating of “Buy” and a consensus price target of $61.60.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Central Pacific Bank Trust Division grew its stake in CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after purchasing an additional 610 shares in the last quarter. EMC Capital Management grew its stake in shares of CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after buying an additional 1,056 shares in the last quarter. SG Americas Securities LLC increased its holdings in CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after buying an additional 1,698 shares during the last quarter. Cornercap Investment Counsel Inc. raised its position in CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after acquiring an additional 3,001 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after acquiring an additional 4,903 shares during the last quarter. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Performance

NASDAQ CSGS opened at $54.48 on Monday. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $57.15. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. The stock’s 50 day moving average price is $48.87 and its two-hundred day moving average price is $45.40. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 1.57 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, hitting the consensus estimate of $1.06. The business had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.74 earnings per share. As a group, analysts anticipate that CSG Systems International will post 3.48 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, September 13th. CSG Systems International’s dividend payout ratio is currently 52.86%.

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.