CSG Systems International (NASDAQ:CSGS) Announces Quarterly Earnings Results

CSG Systems International (NASDAQ:CSGS) announced its quarterly earnings results on Wednesday. The technology company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.33 by $0.20, FiscalAI reports. The firm had revenue of $323.09 million during the quarter, compared to the consensus estimate of $296.25 million. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%.

CSG Systems International Price Performance

CSGS traded down $0.24 during midday trading on Wednesday, hitting $79.45. The stock had a trading volume of 418,288 shares, compared to its average volume of 542,890. CSG Systems International has a 1 year low of $54.65 and a 1 year high of $80.28. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50. The business has a fifty day moving average of $78.17 and a 200 day moving average of $71.07. The company has a market cap of $2.27 billion, a P/E ratio of 26.93, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, March 18th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.32. CSG Systems International’s dividend payout ratio is presently 43.39%.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors have recently made changes to their positions in the business. Jump Financial LLC bought a new position in shares of CSG Systems International during the 2nd quarter valued at $240,000. Danske Bank A S purchased a new stake in CSG Systems International during the third quarter valued at about $637,000. California State Teachers Retirement System grew its stake in shares of CSG Systems International by 0.9% during the second quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock valued at $1,775,000 after buying an additional 241 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of CSG Systems International in the second quarter worth about $3,321,000. Finally, Lazard Asset Management LLC lifted its stake in shares of CSG Systems International by 75.7% in the 2nd quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock valued at $9,512,000 after acquiring an additional 62,763 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CSGS shares. Wall Street Zen downgraded CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Benchmark cut CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Sidoti lowered CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 price objective for the company. in a report on Wednesday, October 29th. Northland Securities cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada lowered shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $72.00 to $80.70 in a research report on Wednesday, October 29th. Four research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $73.81.

About CSG Systems International

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.