CSG Systems International (NASDAQ:CSGS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $74.11 and traded as high as $80.01. CSG Systems International shares last traded at $79.88, with a volume of 492,316 shares.

Wall Street Analyst Weigh In

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

CSG Systems International Price Performance

The company’s 50 day simple moving average is $79.56 and its 200-day simple moving average is $74.19. 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 company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 40.10, a PEG ratio of 1.89 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. The firm had revenue of $323.09 million for the quarter, compared to analyst estimates of $296.25 million. On average, equities research 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 $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend 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 64.32%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC purchased a new position in CSG Systems International during the third quarter worth approximately $25,000. Covestor Ltd increased its holdings in shares of CSG Systems International by 30.9% during the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after buying an additional 129 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of CSG Systems International by 98.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock worth $57,000 after buying an additional 367 shares during the period. Farther Finance Advisors LLC raised its position in shares of CSG Systems International by 108.0% in the 4th quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock worth $65,000 after buying an additional 443 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in CSG Systems International by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after acquiring an additional 210 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

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.