In November, there was a large decline in the amount of short interest in CSG Systems International, Inc. (NASDAQ: CSGS). As of October 31, there were 636,900 total shares, of which 537,800 were shorted. Five hundred thirty-seven thousand eight hundred shares were the number as of November 15, a 15.6% decline. Based on an average daily volume of 185,900 shares, the short-interest ratio is 2.9 days. Currently, 1.8% of the stock is being sold short.
The business also just disclosed a quarterly dividend that will be paid on December 29. On Friday, December 16, Shareholders of record will be paid an annual dividend of $0.265 per share. An annual yield of 1.72% equals a dividend payment of $1.06. The ex-dividend date is Thursday, December 15. CSG Systems International’s dividend payout rate is 81.54%.
Compared to an average day, CSG Systems International shares changed hands 147,119 times compared to 142,321 times on Friday. As a result, the share price dropped by $0.42, completing the day at $61.51. The company’s moving averages over the past 50 and 200 days are $59.01 and $58.90, respectively. The business has a market value of $1.94 billion, a PE ratio of 47.32, and a beta of 0.84. The low and high prices for CSG Systems International for the year are $52.42 and $66.58, respectively. The company’s quick ratio is 1.55, its current ratio is 1.55, and its debt-to-equity ratio is 1.10. Its quick ratio is also 1.55.
Several analysts have posted reviews of the stock. StockNews.com changed their rating on shares of CSG Systems International from “hold” to “buy” in a report released on Tuesday, November 1. The Street raised its rating for the shares of CSG Systems International from “c+” to “b” in a report released on Monday, November 7. Benchmark started covering shares of CSG Systems International on Thursday, August 18. They have a $73 price target and a “buy” recommendation for the company. UBS Group started reporting on CSG Systems International’s stock on November 23. They rated the business as “outperforming.” Oppenheimer formally started covering CSG Systems International shares on Monday, November 21. The company received an “outperform” rating, with a $75 price target. Five financial gurus have made a buy recommendation for the stock. According to Bloomberg.com, CSG Systems International currently has a consensus “buy” rating and a consensus target price of $74.
Several institutional investors recently changed the percentage of shares they were holding. Kendall Capital Management increased its stake in CSG Systems International by 0.4% during the second quarter. Kendall Capital Management increased its holdings in the technology company by 230 shares in the most recent quarter. Kendall Capital Management presently owns 57,725 shares, valued at $3,445,000. Dean Capital Management increased its holding in CSG Systems International during the second quarter by 0.7%. Dean Capital Management now owns 39,978 shares of the technology company’s stock, valued at $2,386,000, after acquiring an additional 270 shares. The New York State Teachers Retirement System increased its holding in CSG Systems International by 0.4% during the second quarter. The equity in the technology company is currently owned by the New York State Teachers Retirement System and is worth $4,761,000. Yousif Capital Management LLC increased its holding in CSG Systems International by 1.4% during the third quarter. Yousif Capital Management LLC now owns 25,957 shares in the technology company valued at $1,373,000 after acquiring an additional 353 shares.
Last, Moloney Securities Asset Management LLC increased its holding in CSG Systems International by 3.4% during the third quarter. Moloney Securities Asset Management LLC now owns 12,237 shares of the technology company’s stock, valued at $647,000, after acquiring an additional 398 shares. Currently, institutional and hedge fund investors own 94.76% of the stock.
CSG Systems International, Inc. principally provides revenue management and digital monetization, customer contact, and payment solutions to the communications industry in the Americas, Europe, the Middle East, Africa, and Asia Pacific. It offers related technologies like analytics, electronic bill presentment, field force automation, and ACH in addition to the Advanced Convergent Platform, a distinctive SaaS-based platform.
