It is trading at $42.34 which is just over the 50 day moving average of $40.09 and barely above the 200 day moving average of $39.81. The 50 day moving average went up $2.25 or +5.62% and the 200 day average moved up $2.53. (NASDAQ:CSGS) shares saw heavy trading volume with 175K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 82.08% over the normal average daily volume.
Short traders are feeling a little more bullish recently if you consider the downtick in short interest. The firm had a fall in short interest from September 29, 2017 to October 13, 2017 of -4.51%. Short shares decreased from 692,050 to 660,857 over that timeframe. Days to cover increased 2.0 to 6.0 and the short interest percentage is 0.02% as of October 13.
A few notable investment firms have updated their holdings. Victory Capital Management Inc augmented its stake by buying 11,127 shares an increase of 338.2% as of 09/30/2017. Victory Capital Management Inc claims 14,417 shares valued at $578,000. The total value of its holdings increased 331.3%. As of the end of the quarter First Trust Advisors Lp had bought 4,146 shares growing its holdings by 37.7%. The value of the investment in CSGS went from $447,000 to $608,000 increasing 36.0% quarter to quarter.
Nationwide Fund Advisors trimmed its holdings by selling 975 shares a decrease of 5.1% in the quarter. Nationwide Fund Advisors controls 18,116 shares worth $726,000. The value of the position overall is down by 6.3%. Aperio Group, LLC downsized its investment by selling 318 shares a decrease of 2.4%. Aperio Group, LLC now controls 12,708 shares with a value of $510,000. The total value of its holdings decreased 3.6%.
The company’s P/E ratio is 22.28 and market capitalization is 1.37B. In the latest earnings report the EPS was $1.90 and is projected to be $2.52 for the current year with 32,308,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.66 with next year’s EPS projected to be $2.73.
CSG Systems International, Inc. (CSG), launched on October 17, 1994, is a provider of business support solutions primarily serving the communications industry. The Company provides business support solutions (BSS) to the communications service providers (CSPs), as well as clients in various industries. CSG’s solutions coordinate and manage various aspects of a service provider’s customer interactions, from the initial activation of customer accounts, to the support and fulfillment of various services, and through the calculation, presentment, and accounts receivables management of monthly customer statements. Its primary product solutions include Revenue Management & Customer Experience Solutions; Customer Interaction Management; Managed Services; Mediation and Data Management, and Wholesale Settlement and Routing. The Company employs professional services across various sectors, including solution architecture, project management, systems implementation and business consultancy..