CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Up 9.2% in November

CSG Systems International, Inc. (NASDAQ:CSGS) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 2,130,000 shares, a growth of 9.2% from the October 31st total of 1,950,000 shares. Based on an average trading volume of 224,100 shares, the days-to-cover ratio is presently 9.5 days. Currently, 7.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th. Wells Fargo & Company upped their target price on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Royal Bank of Canada boosted their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Cantor Fitzgerald increased their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, CSG Systems International has an average rating of “Moderate Buy” and a consensus target price of $62.00.

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB increased its holdings in shares of CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after purchasing an additional 302 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after acquiring an additional 586 shares during the last quarter. Geode Capital Management LLC boosted its stake in CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after acquiring an additional 4,903 shares during the last quarter. Dean Investment Associates LLC boosted its stake in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after acquiring an additional 64,066 shares during the last quarter. Finally, Martingale Asset Management L P bought a new position in CSG Systems International in the third quarter valued at approximately $866,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Price Performance

Shares of NASDAQ CSGS traded up $0.22 during mid-day trading on Wednesday, hitting $54.94. 12,080 shares of the stock were exchanged, compared to its average volume of 264,289. The company has a market cap of $1.60 billion, a P/E ratio of 24.11, a PEG ratio of 1.60 and a beta of 0.86. The stock’s fifty day simple moving average is $50.75 and its two-hundred day simple moving average is $46.43. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.58 and a current ratio of 1.58. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. The business had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. CSG Systems International’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.74 earnings per share. As a group, analysts forecast that CSG Systems International will post 3.48 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, December 18th. CSG Systems International’s dividend payout ratio is currently 52.86%.

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.