After Reaching 52-Week High, Is CSG Systems International, Inc.’s Near-Term Analysis Positive?

The stock of CSG Systems International, Inc. (NASDAQ:CSGS) hit a new 52-week high and has $51.02 target or 26.00% above today’s $40.49 share price. The 9 months bullish chart indicates low risk for the $1.31B company. The 1-year high was reported on Mar, 9 by If the $51.02 price target is reached, the company will be worth $340.60M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock is up 5.44% or $2.09 after the news, hitting $40.49 per share. About 502,976 shares traded hands or 41.77% up from the average. CSG Systems International, Inc. (NASDAQ:CSGS) has risen 25.00% since August 3, 2015 and is uptrending. It has outperformed by 30.66% the S&P500.

Analysts await CSG Systems International, Inc. (NASDAQ:CSGS) to reports earnings on May, 3. They expect $0.58 EPS, up 45.00% or $0.18 from last year’s $0.4 per share. CSGS’s profit will be $18.79 million for 17.43 P/E if the $0.58 EPS becomes reality. After $0.73 actual EPS reported by CSG Systems International, Inc. for the previous quarter, Wall Street now forecasts -20.55% negative EPS growth.

Out of 2 analysts covering CSG Systems (NASDAQ:CSGS), 1 rate it “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. CSG Systems was the topic in 2 analyst reports since November 5, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “CSG Systems International Inc. is a leading provider of outsourced billing, customer care and print and mail solutions and services supporting the North American cable and direct broadcast satellite markets. CSG’s solutions support some of the world’s largest and most innovative providers of bundled multi-channel video, Internet, voice and IP-based services. CSG’s unique combination of solutions, services and expertise ensure that cable and satellite operators can continue to rapidly launch new service offerings, improve operational efficiencies and deliver a high-quality customer experience in a competitive and ever-changing marketplace.”

The institutional sentiment increased to 1.04 in Q3 2015. Its up 0.04, from 1 in 2015Q2. The ratio improved, as 14 funds sold all CSG Systems International, Inc. shares owned while 70 reduced positions. 19 funds bought stakes while 68 increased positions. They now own 42.49 million shares or 24.74% more from 34.06 million shares in 2015Q2.

Value Holdings Lp holds 5.58% of its portfolio in CSG Systems International, Inc. for 250,390 shares. Springbank Value Partners Lp owns 87,220 shares or 5.15% of their US portfolio. Moreover, Opus Capital Group Llc has 2.03% invested in the company for 390,270 shares. The Massachusetts-based Copper Rock Capital Partners Llc has invested 1.87% in the stock. Ironwood Investment Management Llc, a Massachusetts-based fund reported 143,418 shares.

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