CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Update

CSG Systems International, Inc. (NASDAQ:CSGS) saw a large drop in short interest during 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 daily trading volume, of 295,400 shares, the days-to-cover ratio is currently 11.9 days. Currently, 12.5% of the shares of the company are sold short.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors have recently added to or reduced their stakes in CSGS. Campbell & CO Investment Adviser LLC bought a new stake in shares of CSG Systems International in the 4th quarter worth approximately $218,000. Captrust Financial Advisors increased its holdings in shares of CSG Systems International by 208.8% in the third quarter. Captrust Financial Advisors now owns 5,107 shares of the technology company’s stock valued at $270,000 after buying an additional 3,453 shares in the last quarter. Baird Financial Group Inc. lifted its position in shares of CSG Systems International by 4.5% during the 2nd quarter. Baird Financial Group Inc. now owns 5,722 shares of the technology company’s stock valued at $302,000 after acquiring an additional 245 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of CSG Systems International by 9.2% during the 2nd quarter. Lazard Asset Management LLC now owns 7,017 shares of the technology company’s stock worth $370,000 after acquiring an additional 592 shares in the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in shares of CSG Systems International in the 4th quarter worth $487,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Stock Performance

CSG Systems International stock traded up $0.23 during mid-day trading on Tuesday, hitting $47.77. 215,440 shares of the company’s stock traded hands, compared to its average volume of 284,764. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.96. CSG Systems International has a one year low of $45.27 and a one year high of $69.35. The firm has a 50 day moving average price of $51.67 and a 200 day moving average price of $51.42. The company has a market cap of $1.40 billion, a PE ratio of 21.81, a price-to-earnings-growth ratio of 1.48 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The business had revenue of $273.36 million during the quarter, compared to the consensus estimate of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. On average, equities analysts forecast that CSG Systems International will post 3.26 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis 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 dividend payout ratio (DPR) is currently 54.79%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CSGS shares. Wells Fargo & Company cut their target price on shares of 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. Royal Bank of Canada initiated coverage on CSG Systems International in a research report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 price objective for the company. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $63.00 price objective on shares of CSG Systems International in a research note on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

About CSG Systems International

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.