CSG Systems International (NASDAQ:CSGS) Reaches New 12-Month High – What’s Next?

CSG Systems International, Inc. (NASDAQ:CSGS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $80.72 and last traded at $80.67, with a volume of 235986 shares. The stock had previously closed at $80.35.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded CSG Systems International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $77.23.

CSG Systems International Trading Up 0.0%

The company has a market cap of $2.30 billion, a PE ratio of 35.86, a PEG ratio of 2.06 and a beta of 0.81. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.53 and a current ratio of 1.53. The company has a 50 day simple moving average of $80.13 and a two-hundred day simple moving average of $78.86.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, May 6th. The technology company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.33. CSG Systems International had a net margin of 5.14% and a return on equity of 39.49%. The business had revenue of $313.73 million during the quarter, compared to analyst estimates of $277.80 million. Sell-side analysts forecast that CSG Systems International, Inc. will post 3.91 EPS for the current year.

Institutional Trading of CSG Systems International

Several hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC grew its stake in CSG Systems International by 64.2% in the first quarter. Parallel Advisors LLC now owns 885 shares of the technology company’s stock valued at $71,000 after purchasing an additional 346 shares in the last quarter. Water Island Capital LLC acquired a new stake in shares of CSG Systems International during the 4th quarter valued at about $11,559,000. Defiance ETFs LLC bought a new stake in shares of CSG Systems International in the 4th quarter valued at approximately $11,874,000. Marshall Wace LLP increased its holdings in CSG Systems International by 158.4% in the fourth quarter. Marshall Wace LLP now owns 131,286 shares of the technology company’s stock worth $10,068,000 after buying an additional 80,476 shares during the last quarter. Finally, Carmignac Gestion acquired a new position in CSG Systems International in the fourth quarter worth approximately $7,907,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.