CSG Systems International (NASDAQ:CSGS) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

CSG Systems International, Inc. (NASDAQ:CSGS)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $75.26 and traded as high as $80.19. CSG Systems International shares last traded at $80.12, with a volume of 370,373 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $72.43.

CSG Systems International Price Performance

The business has a 50-day moving average of $79.82 and a 200 day moving average of $75.40. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $2.29 billion, a P/E ratio of 40.36, a price-to-earnings-growth ratio of 1.90 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.20. The business had revenue of $323.09 million for the quarter, compared to analyst estimates of $296.25 million. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%. On average, sell-side analysts predict that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.34 per share. This is a boost from CSG Systems International’s previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, March 18th. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. CSG Systems International’s dividend payout ratio (DPR) is presently 68.34%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Defiance ETFs LLC acquired a new position in shares of CSG Systems International during the fourth quarter valued at about $11,874,000. Water Island Capital LLC acquired a new stake in shares of CSG Systems International in the 4th quarter worth about $11,559,000. Carmignac Gestion bought a new position in CSG Systems International in the 4th quarter valued at about $7,907,000. Fort Washington Investment Advisors Inc. OH lifted its position in CSG Systems International by 28.7% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after acquiring an additional 84,240 shares in the last quarter. Finally, ABC Arbitrage SA acquired a new position in CSG Systems International during the 4th quarter valued at about $6,406,000. 91.07% of the stock is owned by institutional investors.

CSG Systems International Company Profile

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.