CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Down 7.9% in March

CSG Systems International, Inc. (NASDAQ:CSGS) was the recipient of a large 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. Based on an average trading volume of 295,400 shares, the short-interest ratio is currently 11.9 days. Approximately 12.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

CSGS has been the topic of several research analyst reports. Royal Bank of Canada initiated coverage on CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $63.00 price objective on shares of CSG Systems International in a report on Thursday, February 8th. Finally, Wells Fargo & Company lowered their price objective 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 analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CSG Systems International presently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

CSG Systems International Trading Up 0.5 %

CSGS opened at $47.77 on Wednesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.54 and a quick ratio of 1.54. The company’s 50 day simple moving average is $51.67 and its two-hundred day simple moving average is $51.42. CSG Systems International has a 1-year low of $45.27 and a 1-year high of $69.35. The firm 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) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The firm had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. Analysts expect that CSG Systems International will post 3.26 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s payout ratio is presently 54.79%.

Institutional Trading of CSG Systems International

Several institutional investors have recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC acquired a new stake in CSG Systems International in the 4th quarter valued at approximately $218,000. Captrust Financial Advisors increased its holdings in CSG Systems International by 201.0% in the 2nd quarter. Captrust Financial Advisors now owns 4,978 shares of the technology company’s stock valued at $297,000 after purchasing an additional 3,324 shares during the last quarter. Baird Financial Group Inc. increased its holdings in CSG Systems International by 4.5% in the 2nd quarter. Baird Financial Group Inc. now owns 5,722 shares of the technology company’s stock valued at $302,000 after purchasing an additional 245 shares during the last quarter. Lazard Asset Management LLC increased its holdings in CSG Systems International by 9.2% in the 2nd quarter. Lazard Asset Management LLC now owns 7,017 shares of the technology company’s stock valued at $370,000 after purchasing an additional 592 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in CSG Systems International in the 4th quarter valued at approximately $487,000. Hedge funds and other institutional investors 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.