CSG Systems International, Inc. (NASDAQ:CSGS) Short Interest Down 10.2% in November

CSG Systems International, Inc. (NASDAQ:CSGS) was the target of a significant decrease in short interest in November. As of November 29th, there was short interest totalling 2,110,000 shares, a decrease of 10.2% from the November 14th total of 2,350,000 shares. Currently, 6.6% of the company’s stock are short sold. Based on an average trading volume of 235,700 shares, the days-to-cover ratio is currently 9.0 days.

A number of equities research analysts have commented on CSGS shares. BidaskClub cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Friday, October 25th. Zacks Investment Research cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Sidoti downgraded CSG Systems International from a “buy” rating to a “neutral” rating in a research note on Monday, August 26th. B. Riley set a $58.00 target price on CSG Systems International and gave the company a “buy” rating in a research note on Friday, August 23rd. Finally, ValuEngine lowered CSG Systems International from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $61.00.

Shares of NASDAQ CSGS traded down $0.03 during midday trading on Friday, hitting $55.22. 160,981 shares of the stock traded hands, compared to its average volume of 198,223. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.70 and a current ratio of 1.70. CSG Systems International has a one year low of $30.40 and a one year high of $58.69. The business has a 50 day moving average price of $55.78 and a two-hundred day moving average price of $51.59. The company has a market cap of $1.83 billion, a PE ratio of 21.16 and a beta of 1.03.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, October 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. CSG Systems International had a return on equity of 26.74% and a net margin of 8.20%. The company had revenue of $235.05 million for the quarter, compared to analysts’ expectations of $229.33 million. During the same period last year, the business earned $0.70 EPS. CSG Systems International’s quarterly revenue was up 10.3% compared to the same quarter last year. As a group, equities research analysts forecast that CSG Systems International will post 2.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $0.222 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.89 annualized dividend and a yield of 1.61%. CSG Systems International’s payout ratio is 34.10%.

Institutional investors have recently added to or reduced their stakes in the business. Arizona State Retirement System lifted its position in CSG Systems International by 1.3% in the 2nd quarter. Arizona State Retirement System now owns 51,528 shares of the technology company’s stock valued at $2,516,000 after acquiring an additional 641 shares in the last quarter. Seizert Capital Partners LLC lifted its stake in CSG Systems International by 47.4% during the 2nd quarter. Seizert Capital Partners LLC now owns 57,949 shares of the technology company’s stock valued at $2,830,000 after acquiring an additional 18,637 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of CSG Systems International by 27.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 13,259 shares of the technology company’s stock worth $647,000 after acquiring an additional 2,853 shares in the last quarter. Bahl & Gaynor Inc. raised its holdings in shares of CSG Systems International by 11.3% in the second quarter. Bahl & Gaynor Inc. now owns 189,675 shares of the technology company’s stock valued at $9,261,000 after purchasing an additional 19,213 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its stake in CSG Systems International by 4.8% in the 2nd quarter. Pinebridge Investments L.P. now owns 30,974 shares of the technology company’s stock valued at $1,512,000 after buying an additional 1,419 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Company Profile

CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.

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