CSG Systems International (NASDAQ:CSGS) Releases FY 2022 Earnings Guidance

CSG Systems International (NASDAQ:CSGSGet Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided EPS guidance of $3.44-$3.68 for the period, compared to the consensus EPS estimate of $3.54. The company issued revenue guidance of $1.00 billion-$1.03 billion, compared to the consensus revenue estimate of $1.02 billion.

A number of brokerages have recently weighed in on CSGS. StockNews.com lowered shares of CSG Systems International from a strong-buy rating to a buy rating in a report on Saturday. Zacks Investment Research downgraded CSG Systems International from a buy rating to a hold rating in a report on Wednesday, May 11th.

Shares of NASDAQ CSGS traded down $0.93 during mid-day trading on Wednesday, hitting $58.19. The stock had a trading volume of 1,517 shares, compared to its average volume of 195,000. The business has a 50 day moving average price of $62.50 and a two-hundred day moving average price of $58.81. CSG Systems International has a 1 year low of $42.58 and a 1 year high of $65.95. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.06. The firm has a market cap of $1.89 billion, a P/E ratio of 32.31 and a beta of 0.78.

In other news, CAO David Neil Schaaf sold 1,500 shares of CSG Systems International stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $61.53, for a total transaction of $92,295.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.35% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fuller & Thaler Asset Management Inc. grew its holdings in CSG Systems International by 3.8% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,147,476 shares of the technology company’s stock worth $72,945,000 after purchasing an additional 42,139 shares during the period. Bank of New York Mellon Corp raised its stake in CSG Systems International by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 523,227 shares of the technology company’s stock valued at $33,262,000 after buying an additional 22,220 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of CSG Systems International by 14.1% in the 4th quarter. Parametric Portfolio Associates LLC now owns 155,943 shares of the technology company’s stock worth $8,985,000 after purchasing an additional 19,265 shares during the last quarter. Advisors Asset Management Inc. boosted its stake in CSG Systems International by 17.0% in the 4th quarter. Advisors Asset Management Inc. now owns 58,002 shares of the technology company’s stock worth $3,342,000 after purchasing an additional 8,411 shares in the last quarter. Finally, California State Teachers Retirement System grew its position in CSG Systems International by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 45,437 shares of the technology company’s stock valued at $2,618,000 after purchasing an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 97.23% of the company’s stock.

About CSG Systems International (Get Rating)

CSG Systems International, Inc provides revenue management and digital monetization, customer engagement, 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 based platform; related solutions, including field force automation, analytics, electronic bill presentment, ACH, etc.

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