CSG Systems International (NASDAQ:CSGS) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $48.44 and traded as high as $50.24. CSG Systems International shares last traded at $49.81, with a volume of 148,602 shares.

Wall Street Analysts Forecast Growth

CSGS has been the subject of a number of research reports. Wells Fargo & Company increased their price target on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Benchmark restated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, December 19th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, CSG Systems International presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

CSG Systems International Stock Down 1.4 %

The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. The company has a market cap of $1.45 billion, a PE ratio of 21.94, a PEG ratio of 1.57 and a beta of 0.88. The company’s fifty day moving average is $53.08 and its 200-day moving average is $48.44.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 EPS for the quarter, meeting the consensus estimate of $1.06. The firm had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm earned $0.74 EPS. On average, analysts predict that CSG Systems International, Inc. will post 3.48 EPS for the current year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.41%. CSG Systems International’s dividend payout ratio is currently 52.86%.

Institutional Trading of CSG Systems International

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stoneridge Investment Partners LLC purchased a new position in shares of CSG Systems International in the 2nd quarter worth $243,000. Central Pacific Bank Trust Division grew its stake in shares of CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after buying an additional 610 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of CSG Systems International in the 3rd quarter worth $840,000. Cornercap Investment Counsel Inc. grew its stake in shares of CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after buying an additional 3,001 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in shares of CSG Systems International in the 3rd quarter worth $294,000. 91.07% of the stock is currently owned by institutional investors.

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.