The Vanguard Group, Inc. recently announced the acquisition of new stake in CSG Systems International Inc. (NASDAQ:CSGS). The institutional investor has increased its shareholding in the Technology company by 1.23% to 3.91 million shares with purchase of 47627.0 shares. This fresh investment now brings its stake to 13.16% valued currently at $207.81 million. In addition, SSgA Funds Management, Inc. raised its holdings by 2617.0 to 1.12 million shares. And Boston Trust Walden, Inc. has lifted its position by 6.24% or 48373.0 shares – to 0.82 million shares.
With over 0.47 million CSG Systems International Inc. (CSGS) shares trading Friday and a closing price of $52.54 on the day, the dollar volume was approximately $24.68 million. The shares have shown a positive half year performance of 0.29% and its price on 01/12/24 gained nearly 2.32%. Currently, there are 31.27M common shares owned by the public and among those 28.68M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 9 analysts who have offered their price forecasts for CSGS have a consensus price objective of $67.00. The analysts have set the share’s price value over the next 12 months at a high of $81.00 and a low of $53.00. The average price target is 21.58% above its recent price level and an upside to the estimated low will see the stock gain 0.87% over that period. But an upside of 35.14% will see the stock hit the forecast high price target while median target price for the stock is $66.00.
Insiders at the company have transacted a total of 49 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 30 of these insider trades were purchases, accounting for 322,798 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 148,615 shares.
The top 3 mutual fund holders in CSG Systems International Inc. are iShares Core S&P Small Cap ETF, First Trust Value Line Dividend I, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 1.88 million shares of the company’s stock, all valued at over $100.19 million. First Trust Value Line Dividend I sold 696.0 shares to see its total holdings shrink to 1.23 million shares valued at over $65.52 million and representing 4.15% of the shares outstanding. Vanguard Total Stock Market ETF bought 1924.0 shares to bring its total holdings to over 0.94 million shares at a value of $50.1 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.17% of the shares outstanding.
Shares of CSG Systems International Inc. (NASDAQ: CSGS) opened at $51.91, up $0.56 from a prior closing price of $51.35. However, the script later moved the day high at 52.57, up 2.32%. The company’s stock has a 5-day price change of 3.26% and 2.26% over the past three months. CSGS shares are trading -1.26% year to date (YTD), with the 12-month market performance down to -8.51% lower. It has a 12-month low price of $46.19 and touched a high of $69.35 over the same period. CSGS has an average intraday trading volume of 289.44K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.00%, 2.09%, and 1.36% respectively.
Institutional ownership of CSG Systems International Inc. (NASDAQ: CSGS) shares accounts for 100.28% of the company’s 31.27M shares outstanding. Mutual fund holders own 42.04%, while other institutional holders and individual stakeholders account for 58.59% and 19.20% respectively.
It has a market capitalization of $1.56B and a beta (3y monthly) value of 0.84. The stock’s trailing 12-month PE ratio is 21.79, while the earnings-per-share (ttm) stands at $2.41. The company has a PEG of 3.11 and a Quick Ratio of 1.65 with the debt-to-equity ratio at 2.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.08% over the week and 2.20% over the month.
Analysts forecast that CSG Systems International Inc. (CSGS) will achieve an EPS of $0.86 for the current quarter, $0.97 for the next quarter and $3.94 for 2024. The lowest estimate earnings-per-share for the quarter is $0.77 while analysts give the company a high EPS estimate of $0.91. Comparatively, EPS for the current quarter was $0.84 a year ago. Earnings per share for the fiscal year are expected to increase by 0.28%, and 8.87% over the next financial year. EPS should grow at an annualized rate of 7.00% over the next five years, compared to -5.52% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 9 brokerage firm advisors rate CSG Systems International Inc. (CSGS) as a “Strong Buy” at a consensus score of 1.22. Specifically, 8 Wall Street analysts polled rate the stock as a buy, while 1 of the 9 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CSGS, a number of firms have released research notes about the stock. Jefferies stated their Buy rating for the stock in a research note on December 01, 2023, with the firm’s price target at $60.
