CSG Systems International, Inc. (NASDAQ:CSGS – Get Free Report) was the target of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,520,000 shares, a drop of 7.9% from the March 15th total of 3,820,000 shares. Approximately 12.5% of the shares of the stock are sold short. Based on an average trading volume of 295,400 shares, the days-to-cover ratio is currently 11.9 days.
Analysts Set New Price Targets
A number of equities research analysts have commented on CSGS shares. Royal Bank of Canada started coverage on CSG Systems International in a report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 price target on the stock. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $63.00 target price on shares of CSG Systems International in a report on Thursday, February 8th. Finally, Wells Fargo & Company reduced their target price on CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, CSG Systems International presently has a consensus rating of “Moderate Buy” and an average target price of $63.00.
View Our Latest Analysis on CSGS
Institutional Investors Weigh In On CSG Systems International
CSG Systems International Trading Up 0.5 %
Shares of CSGS stock opened at $47.77 on Wednesday. CSG Systems International has a 12-month low of $45.27 and a 12-month high of $69.35. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.96. The stock’s 50-day moving average price is $51.67 and its 200-day moving average price is $51.42. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 21.81, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82.
CSG Systems International (NASDAQ:CSGS – Get Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. The company had revenue of $273.36 million for the quarter, compared to analysts’ expectations of $273.92 million. Equities research analysts predict that CSG Systems International will post 3.26 EPS for the current fiscal year.
CSG Systems International Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.30 per share. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 14th. CSG Systems International’s payout ratio is presently 54.79%.
About CSG Systems International
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.
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