CSG Systems International (NASDAQ:CSGS) Stock Crosses Above 200 Day Moving Average – Time to Sell?

CSG Systems International, Inc. (NASDAQ:CSGS)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.03 and traded as high as $51.66. CSG Systems International shares last traded at $50.56, with a volume of 181,831 shares.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report 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 research note on Thursday, November 7th. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 19th. Finally, Benchmark reaffirmed a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

CSG Systems International Trading Down 1.1 %

The company’s 50-day simple moving average is $52.65 and its 200 day simple moving average is $48.03. 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 firm has a market capitalization of $1.47 billion, a PE ratio of 22.27, a price-to-earnings-growth ratio of 1.57 and a beta of 0.86.

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

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Wednesday, December 18th. CSG Systems International’s dividend payout ratio is presently 52.86%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC raised its stake in shares of CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after purchasing an additional 586 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in CSG Systems International by 20.3% during the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after acquiring an additional 610 shares during the period. Stoneridge Investment Partners LLC purchased a new stake in shares of CSG Systems International in the 2nd quarter valued at $243,000. Quantbot Technologies LP acquired a new stake in shares of CSG Systems International in the third quarter worth $294,000. Finally, Cornercap Investment Counsel Inc. raised its holdings in shares of CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after purchasing an additional 3,001 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Company Profile

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.