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

CSG Systems International, Inc. (NASDAQ:CSGS) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,610,000 shares, a decline of 11.5% from the January 15th total of 1,820,000 shares. Based on an average daily trading volume, of 251,200 shares, the days-to-cover ratio is presently 6.4 days. Approximately 5.8% of the company’s shares are short sold.

Institutional Investors Weigh In On CSG Systems International

Institutional investors have recently bought and sold shares of the stock. Independence Bank of Kentucky bought a new stake in CSG Systems International during the fourth quarter worth $80,000. TD Private Client Wealth LLC grew its holdings in CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after buying an additional 586 shares in the last quarter. Quantbot Technologies LP bought a new position in CSG Systems International in the 3rd quarter valued at $294,000. Handelsbanken Fonder AB grew its stake in CSG Systems International by 15.9% in the 4th quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after purchasing an additional 1,100 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its stake in CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after purchasing an additional 3,001 shares during the period. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Down 1.3 %

Shares of NASDAQ CSGS traded down $0.82 during midday trading on Tuesday, hitting $63.33. 221,722 shares of the stock traded hands, compared to its average volume of 294,494. The company has a market cap of $1.84 billion, a PE ratio of 20.83, a P/E/G ratio of 1.77 and a beta of 0.89. CSG Systems International has a one year low of $39.56 and a one year high of $65.53. The business has a 50 day moving average price of $54.99 and a two-hundred day moving average price of $51.28. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. On average, equities analysts predict that CSG Systems International will post 3.68 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a dividend of $0.32 per share. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 annualized dividend and a yield of 2.02%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s dividend payout ratio is 39.47%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Benchmark reissued a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. Cantor Fitzgerald boosted their price target on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company boosted their price objective on CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. Finally, Northland Securities restated an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.17.

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.