CSG Systems International (NASDAQ:CSGS) Shares Gap Up After Earnings Beat

CSG Systems International, Inc. (NASDAQ:CSGSGet Free Report)’s stock price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $46.36, but opened at $49.17. CSG Systems International shares last traded at $49.59, with a volume of 43,909 shares changing hands.

The technology company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. CSG Systems International had a net margin of 5.67% and a return on equity of 26.36%. The business had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, March 14th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s payout ratio is 51.14%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. StockNews.com raised shares of CSG Systems International from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $63.00 price target on shares of CSG Systems International in a research note on Thursday. Wells Fargo & Company decreased their price target on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, Jefferies Financial Group assumed coverage on shares of CSG Systems International in a research note on Friday, December 1st. They set a “buy” rating and a $60.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, CSG Systems International presently has a consensus rating of “Moderate Buy” and an average target price of $63.40.

View Our Latest Research Report on CSGS

Institutional Investors Weigh In On CSG Systems International

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its holdings in shares of CSG Systems International by 48.6% in the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after purchasing an additional 14,682 shares during the last quarter. LSV Asset Management boosted its holdings in shares of CSG Systems International by 10.6% in the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after buying an additional 134,531 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in shares of CSG Systems International by 5.0% in the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock valued at $27,070,000 after buying an additional 24,385 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of CSG Systems International by 1.0% in the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock valued at $44,281,000 after purchasing an additional 8,395 shares during the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in shares of CSG Systems International in the 3rd quarter valued at approximately $2,248,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Up 0.7 %

The stock has a market capitalization of $1.59 billion, a PE ratio of 24.52, a price-to-earnings-growth ratio of 2.07 and a beta of 0.83. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 2.06. The company’s 50-day moving average is $51.96 and its 200 day moving average is $52.02.

About CSG Systems International

(Get Free Report)

CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, etc.

Featured Articles

Receive News & Ratings for CSG Systems International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSG Systems International and related companies with MarketBeat.com's FREE daily email newsletter.