CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Up 9.2% in November

CSG Systems International, Inc. (NASDAQ:CSGS) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 2,130,000 shares, a growth of 9.2% from the October 31st total of 1,950,000 shares. Based on an average trading volume of 224,100 shares, the short-interest ratio is currently 9.5 days. Currently, 7.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently made changes to their positions in the business. TD Private Client Wealth LLC grew its position in shares of CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares during the period. Central Pacific Bank Trust Division boosted its holdings 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 acquiring an additional 610 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new position in CSG Systems International in the second quarter valued at $243,000. Quantbot Technologies LP acquired a new position in CSG Systems International in the third quarter valued at $294,000. Finally, Cornercap Investment Counsel Inc. boosted its holdings in CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after acquiring an additional 3,001 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Price Performance

CSG Systems International stock traded up $0.22 during mid-day trading on Wednesday, hitting $54.94. 12,080 shares of the company were exchanged, compared to its average volume of 264,289. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The business’s 50 day simple moving average is $50.75 and its two-hundred day simple moving average is $46.43. The company has a market capitalization of $1.60 billion, a P/E ratio of 24.11, a PEG ratio of 1.60 and a beta of 0.86. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $57.15.

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

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Wednesday, December 18th. CSG Systems International’s dividend payout ratio is currently 52.86%.

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.