According to Zacks, “CSG Systems International Inc. is a leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American cable and direct broadcast satellite markets. CSG’s solutions support some of the world’s largest and most innovative providers of bundled multi-channel video, Internet, voice and IP-based services. CSG’s unique combination of solutions, services and expertise ensure that cable and satellite operators can continue to rapidly launch new service offerings, improve operational efficiencies and deliver a high-quality customer experience in a competitive and ever-changing marketplace. “
Separately, Stifel Nicolaus decreased their price target on CSG Systems International from $49.00 to $47.00 and set a buy rating on the stock in a research note on Thursday, September 22nd.
CSG Systems International (NASDAQ:CSGS) opened at 40.96 on Tuesday. The stock’s 50 day moving average price is $42.76 and its 200-day moving average price is $42.47. CSG Systems International has a 12 month low of $31.53 and a 12 month high of $46.54. The firm has a market capitalization of $1.26 billion, a P/E ratio of 18.89 and a beta of 0.81.
CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.08. CSG Systems International had a return on equity of 31.47% and a net margin of 9.56%. The firm had revenue of $190.30 million for the quarter, compared to analyst estimates of $185.50 million. During the same period last year, the company earned $0.61 EPS. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, analysts forecast that CSG Systems International will post $2.64 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, September 12th. CSG Systems International’s payout ratio is 34.10%.
In other CSG Systems International news, insider Rolland B. Johns sold 1,099 shares of the firm’s stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $40.31, for a total value of $44,300.69. Following the sale, the insider now directly owns 23,305 shares of the company’s stock, valued at approximately $939,424.55. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.25% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new position in CSG Systems International during the second quarter worth approximately $116,000. PineBridge Investments L.P. increased its position in CSG Systems International by 3.0% in the second quarter. PineBridge Investments L.P. now owns 4,114 shares of the company’s stock worth $166,000 after buying an additional 119 shares during the period. Meeder Asset Management Inc. purchased a new position in CSG Systems International during the first quarter worth approximately $264,000. Highland Capital Management LLC purchased a new position in CSG Systems International during the second quarter worth approximately $265,000. Finally, Pacad Investment Ltd. purchased a new position in CSG Systems International during the first quarter worth approximately $325,000.
About CSG Systems International
CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.
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