CSG Systems International, Inc. (NASDAQ:CSGS – Get Free Report)’s stock price hit a new 52-week low on Tuesday after Wells Fargo & Company lowered their price target on the stock from $48.00 to $43.00. Wells Fargo & Company currently has an equal weight rating on the stock. CSG Systems International traded as low as $41.17 and last traded at $41.19, with a volume of 238775 shares trading hands. The stock had previously closed at $42.31.
Other equities analysts have also issued research reports about the company. Cantor Fitzgerald reduced their price objective on CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Thursday, May 2nd. Royal Bank of Canada started coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 price target on the stock. One research 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 currently has an average rating of “Moderate Buy” and an average target price of $61.67.
Hedge Funds Weigh In On CSG Systems International
Several hedge funds have recently added to or reduced their stakes in the company. EMC Capital Management raised its holdings in CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after purchasing an additional 1,056 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of CSG Systems International by 3.7% during the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock worth $2,399,000 after buying an additional 1,644 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after buying an additional 1,698 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in CSG Systems International in the first quarter valued at approximately $190,000. Finally, Sciencast Management LP bought a new position in CSG Systems International in the first quarter valued at approximately $233,000. Institutional investors own 91.07% of the company’s stock.
CSG Systems International Stock Down 2.6 %
The business’s fifty day simple moving average is $45.88 and its 200 day simple moving average is $49.94. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.98.
CSG Systems International (NASDAQ:CSGS – Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.07. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The business had revenue of $270.07 million during the quarter, compared to analysts’ expectations of $271.66 million. Equities analysts forecast that CSG Systems International, Inc. will post 3.29 earnings per share for the current fiscal year.
CSG Systems International Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Friday, June 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend is Friday, June 14th. CSG Systems International’s payout ratio is presently 54.79%.
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.