CSG Systems International Inc. (CSGS) – Don’t Be So Quick to Call it Dead

CSG Systems International Inc. (NASDAQ: CSGS) is 0.24% higher on its value in year-to-date trading and has touched a low of $45.27 and a high of $69.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSGS stock was last observed hovering at around $46.36 in the last trading session, with the day’s gains setting it 6.98%.

Currently trading at $53.34, the stock is 4.95% and 3.16% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing 15.06% at the moment leaves the stock 3.41% off its SMA200. CSGS registered -12.81% loss for a year compared to 6-month loss of -2.84%. The firm has a 50-day simple moving average (SMA 50) of $1.69 and a 200-day simple moving average (SMA200) of $10.17.

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The stock witnessed a 5.10% gain in the last 1 month and extending the period to 3 months gives it a 5.08%, and is 5.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.69% over the week and 2.83% over the month.

CSG Systems International Inc. (CSGS) has around 5700 employees, a market worth around $1.58B and $1.17B in sales. Current P/E ratio is 24.30 and Fwd P/E is 12.19. Profit margin for the company is 5.67%. Distance from 52-week low is 17.83% and -23.09% from its 52-week high. The company has generated returns on investments over the last 12 months (7.86%).

CSG Systems International Inc. quarterly earnings per share for the current quarter are estimated at $0.97 with sales reaching $286.61M over the same period.The EPS is expected to grow by 8.46% this year, but quarterly earnings will post -2.00% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.

324 institutions hold shares in CSG Systems International Inc. (CSGS), with institutional investors hold 104.88% of the company’s shares. The shares outstanding are 29.54M, and float is at 28.68M with Short Float at 8.77%. Institutions hold 101.07% of the Float.

The top institutional shareholder in the company is Blackrock Inc. with over 5.27 million shares valued at $277.78 million. The investor’s holdings represent 16.59% of the CSGS Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 3.95 million shares valued at $208.14 million to account for 12.43% of the shares outstanding. The other top investors are First Trust Advisors LP which holds 1.39 million shares representing 4.39% and valued at over $73.44 million, while Lsv Asset Management holds 4.18% of the shares totaling 1.33 million with a market value of $70.05 million.

CSG Systems International Inc. (CSGS) Insider Activity

A total of 7 insider transactions have happened at CSG Systems International Inc. (CSGS) in the last six months, with sales accounting for 5 and purchases happening 2 times. The most recent transaction is an insider sale by Kennedy Kenneth M, the company’s EVP, COO & Pres-RMDM. SEC filings show that Kennedy Kenneth M sold 9,000 shares of the company’s common stock on May 17 at a price of $49.06 per share for a total of $0.44 million. Following the sale, the insider now owns 0.19 million shares.

CSG Systems International Inc. (CSGS): Who are the competitors?

One of the company’s main competitors (and peers) include Oracle Corp. (ORCL) that is trading 33.90% up over the past 12 months.Amdocs Ltd. (DOX) lies in the list of competitors of the CSG Systems International Inc. and is -6.18% lower over the same period from CSGSMIND C.T.I. Ltd. (MNDO) is -13.03% down on the 1-year trading charts.