CSG Systems International (CSGS)
Market Price (5/13/2026): $80.695 | Market Cap: $2.2 BilSector: Industrials | Industry: Data Processing & Outsourced Services
CSG Systems International (CSGS)
Market Price (5/13/2026): $80.695Market Cap: $2.2 BilSector: IndustrialsIndustry: Data Processing & Outsourced Services
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% Attractive yieldDividend Yield is 2.1%, FCF Yield is 5.9% Low stock price volatilityVol 12M is 21% Megatrend and thematic driversMegatrends include Cloud Computing, 5G & Advanced Connectivity, and Fintech & Digital Payments. Themes include Software as a Service (SaaS), Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns3Y Excs Rtn is -6.3% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.15, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% | Key risksCSGS key risks include [1] underwhelming revenue growth and declining returns on capital, Show more. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 12%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11% |
| Attractive yieldDividend Yield is 2.1%, FCF Yield is 5.9% |
| Low stock price volatilityVol 12M is 21% |
| Megatrend and thematic driversMegatrends include Cloud Computing, 5G & Advanced Connectivity, and Fintech & Digital Payments. Themes include Software as a Service (SaaS), Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns3Y Excs Rtn is -6.3% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 11.15, Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13% |
| Key risksCSGS key risks include [1] underwhelming revenue growth and declining returns on capital, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Stock price anchored by pending all-cash acquisition.
The primary reason for CSGS's stable stock movement is its announced all-cash acquisition by NEC Corporation for $80.70 per share. CSG's stockholders approved this merger agreement on January 30, 2026, and the transaction is expected to close by the end of 2026, subject to regulatory approvals. The stock price has remained near the offer price, closing at $80.34 on May 5, 2026, just 36 cents below the deal price, indicating high market confidence in the acquisition's completion.
2. Analyst consensus aligns with the acquisition price.
Analyst ratings for CSGS largely reflect a "Hold" consensus, with an average 12-month price target closely matching the $80.70 per share acquisition price. For instance, Weiss Ratings downgraded the stock from "buy" to "hold" in February, further reinforcing the view that the acquisition price represents a ceiling for the stock's valuation.
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Stock Movement Drivers
Fundamental Drivers
The 1.6% change in CSGS stock from 1/31/2026 to 5/12/2026 was primarily driven by a 33.9% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 79.41 | 80.69 | 1.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,217 | 1,238 | 1.7% |
| Net Income Margin (%) | 6.8% | 5.1% | -24.9% |
| P/E Multiple | 26.3 | 35.2 | 33.9% |
| Shares Outstanding (Mil) | 28 | 28 | -0.6% |
| Cumulative Contribution | 1.6% |
Market Drivers
1/31/2026 to 5/12/2026| Return | Correlation | |
|---|---|---|
| CSGS | 1.6% | |
| Market (SPY) | 7.0% | 15.6% |
| Sector (XLI) | 5.7% | 16.5% |
Fundamental Drivers
The 4.0% change in CSGS stock from 10/31/2025 to 5/12/2026 was primarily driven by a 33.7% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 77.61 | 80.69 | 4.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,208 | 1,238 | 2.4% |
| Net Income Margin (%) | 6.8% | 5.1% | -24.2% |
| P/E Multiple | 26.4 | 35.2 | 33.7% |
| Shares Outstanding (Mil) | 28 | 28 | 0.2% |
| Cumulative Contribution | 4.0% |
Market Drivers
10/31/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| CSGS | 4.0% | |
| Market (SPY) | 8.8% | 14.5% |
| Sector (XLI) | 13.1% | 7.6% |
Fundamental Drivers
The 36.7% change in CSGS stock from 4/30/2025 to 5/12/2026 was primarily driven by a 85.4% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 59.04 | 80.69 | 36.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,197 | 1,238 | 3.4% |
| Net Income Margin (%) | 7.3% | 5.1% | -29.1% |
| P/E Multiple | 19.0 | 35.2 | 85.4% |
| Shares Outstanding (Mil) | 28 | 28 | 0.6% |
| Cumulative Contribution | 36.7% |
Market Drivers
4/30/2025 to 5/12/2026| Return | Correlation | |
|---|---|---|
| CSGS | 36.7% | |
| Market (SPY) | 34.6% | 23.8% |
| Sector (XLI) | 34.7% | 18.8% |
Fundamental Drivers
The 63.5% change in CSGS stock from 4/30/2023 to 5/12/2026 was primarily driven by a 27.2% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5122026 | Change |
|---|---|---|---|
| Stock Price ($) | 49.36 | 80.69 | 63.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,090 | 1,238 | 13.6% |
| Net Income Margin (%) | 4.0% | 5.1% | 27.2% |
| P/E Multiple | 34.1 | 35.2 | 3.3% |
| Shares Outstanding (Mil) | 30 | 28 | 9.6% |
| Cumulative Contribution | 63.5% |
Market Drivers
4/30/2023 to 5/12/2026| Return | Correlation | |
|---|---|---|
| CSGS | 63.5% | |
| Market (SPY) | 84.4% | 33.7% |
| Sector (XLI) | 82.3% | 34.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| CSGS Return | 31% | 1% | -5% | -1% | 53% | 5% | 100% |
| Peers Return | 14% | -15% | 28% | 33% | 5% | -18% | 42% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 97% |
Monthly Win Rates [3] | |||||||
| CSGS Win Rate | 67% | 42% | 42% | 42% | 58% | 80% | |
| Peers Win Rate | 47% | 40% | 55% | 55% | 58% | 28% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| CSGS Max Drawdown | -4% | -8% | -17% | -24% | -3% | 0% | |
| Peers Max Drawdown | -12% | -28% | -7% | -7% | -13% | -26% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DOX, ORCL, ACIW, BR, SSNC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/12/2026 (YTD)
How Low Can It Go
| Event | CSGS | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -11.0% | -18.8% |
| % Gain to Breakeven | 12.3% | 23.1% |
| Time to Breakeven | 30 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.1% | -9.5% |
| % Gain to Breakeven | 13.7% | 10.5% |
| Time to Breakeven | 42 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.2% | -6.7% |
| % Gain to Breakeven | 26.9% | 7.1% |
| Time to Breakeven | 610 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.0% | -33.7% |
| % Gain to Breakeven | 37.1% | 50.9% |
| Time to Breakeven | 566 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -20.0% | -19.2% |
| % Gain to Breakeven | 24.9% | 23.7% |
| Time to Breakeven | 45 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -14.4% | -3.7% |
| % Gain to Breakeven | 16.9% | 3.9% |
| Time to Breakeven | 61 days | 6 days |
In The Past
CSG Systems International's stock fell -11.0% during the 2025 US Tariff Shock. Such a loss loss requires a 12.3% gain to breakeven.
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| Event | CSGS | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -21.2% | -6.7% |
| % Gain to Breakeven | 26.9% | 7.1% |
| Time to Breakeven | 610 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -27.0% | -33.7% |
| % Gain to Breakeven | 37.1% | 50.9% |
| Time to Breakeven | 566 days | 140 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -33.5% | -17.9% |
| % Gain to Breakeven | 50.5% | 21.8% |
| Time to Breakeven | 310 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -22.3% | -15.4% |
| % Gain to Breakeven | 28.7% | 18.2% |
| Time to Breakeven | 806 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -32.2% | -53.4% |
| % Gain to Breakeven | 47.6% | 114.4% |
| Time to Breakeven | 128 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -22.6% | -8.6% |
| % Gain to Breakeven | 29.2% | 9.5% |
| Time to Breakeven | 2265 days | 47 days |
In The Past
CSG Systems International's stock fell -11.0% during the 2025 US Tariff Shock. Such a loss loss requires a 12.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About CSG Systems International (CSGS)
AI Analysis | Feedback
It's like Workday, but for telecom billing and customer management.
Think of CSGS as an SAP or Oracle, but focused on the billing and customer operations backbone for the communications industry.
Imagine a combination of Salesforce's customer engagement tools with a powerful billing and monetization platform, built for telecom companies.
AI Analysis | Feedback
- Advanced Convergent Platform (ACP): A private SaaS-based platform offering core functionalities for revenue management and digital monetization.
- Revenue Management & Digital Monetization Solutions: Comprehensive solutions designed to manage revenue streams and monetize digital offerings.
- Customer Engagement Solutions: Platforms and tools aimed at enhancing customer interactions and experiences.
- Payment Solutions: Systems and services facilitating the processing and management of payments.
- Field Force Automation Solutions: Software designed to optimize and manage operations for field service teams.
- Analytics Solutions: Tools and services providing data analysis and insights for business intelligence.
- Electronic Bill Presentment (EBP): Solutions for delivering, managing, and presenting bills electronically to customers.
- ACH (Automated Clearing House) Solutions: Services related to processing electronic fund transfers through the ACH network.
- Mediation, Partner Management, Rating, and Charging Solutions: Licensed software solutions addressing specific needs within the communications industry.
- Managed Services: Ongoing operational management, hosting, and support for client systems and applications.
- Professional Services: Services encompassing implementation, configuration, maintenance, and consulting for their various solutions.
AI Analysis | Feedback
CSG Systems International (CSGS) sells its revenue management, digital monetization, customer engagement, and payment solutions primarily to other companies and entities, rather than individuals.
Based on the company's stated focus on the communications industry, particularly the North American cable and satellite markets, its major customers are generally large telecommunications and cable providers. While CSG Systems International does not publicly name its specific largest customers in its recent financial filings, based on industry presence and historical information, its major customers are known to include:
- Verizon Communications Inc. (NYSE: VZ)
- Comcast Corporation (NASDAQ: CMCSA)
- Charter Communications, Inc. (NASDAQ: CHTR)
Beyond the communications sector, CSGS also serves entities in retail, financial services, healthcare, insurance, and government.
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Brian Shepherd, President and Chief Executive Officer
Brian Shepherd was appointed President and Chief Executive Officer of CSG in January 2021, having joined the company in February 2016. With over 30 years of experience in enterprise SaaS and cloud technology leadership, he previously held executive roles at TeleTech, Amdocs, DST Innovis, and McKinsey & Company. He earned a B.A. in Economics from Wabash College and an MBA from Harvard Business School.
Hai V. Tran, Executive Vice President and Chief Financial Officer
Hai V. Tran joined CSG in November 2021 as Chief Financial Officer and Executive Vice President, also serving as President of Global Telecommunications. He brings over 30 years of finance and operational experience. Prior to CSG, he was President and Chief Operating Officer (2020-2021) and Chief Operations Officer and Chief Financial Officer (2015-2020) at SOC Telemed. He also served as CFO for several other healthcare companies. Mr. Tran holds a BS in Electrical Engineering from the University of Virginia and an MBA from the University of Richmond.
Ken Kennedy, Chief Operating Officer & President-Revenue Management
Ken Kennedy was appointed Chief Operating Officer and President of CSG's Revenue Management and Digital Monetization solutions unit in January 2021. He is responsible for driving revenue and creating scalable monetization solutions. Kennedy previously served as President of Technology and Product at CSG, and was one of the original founders of Telution, where he held the position of Vice President of Software Development and Professional Services. He also worked at Accenture. Kennedy holds a B.B.A. in Management Information Systems from the University of Notre Dame.
Rasmani Bhattacharya, Executive Vice President and Chief Legal Officer
Rasmani Bhattacharya joined CSG as General Counsel in January 2022, leading the company's legal and compliance teams. Prior to CSG, she served as Executive Vice President, General Counsel, and Corporate Secretary at Gates Corporation. At Gates Corporation, she led a global team covering legal, M&A, intellectual property, regulatory, compliance, insurance, and environmental matters. She played a central role in the dual-track sale and IPO process of Gates to a private equity investor, as well as the divestiture of non-core businesses worldwide.
Chad Dunavant, Chief Product & Strategy Officer
Chad Dunavant serves as CSG's Chief Product & Strategy Officer, responsible for developing, communicating, executing, and sustaining corporate strategic initiatives. Before this role, he was CSG's Senior Vice President and Global Head of Product Management. He brings over 20 years of experience in developing products for the communications services industry.
AI Analysis | Feedback
The key risks to CSG Systems International (symbol: CSGS) include:
- Customer Concentration Risk: A substantial portion of CSG Systems International's revenue is derived from a limited number of major customers, notably Charter and Comcast. The company's 2024 10-K report indicates that the loss of any significant customer or adverse changes in contractual terms could materially impact its financial results. In 2025, Charter and Comcast together contributed 36% of the total revenue, highlighting this material risk despite ongoing diversification efforts.
- Intense Market Competition and Technological Changes: CSG Systems International operates in a highly dynamic and competitive market. The company faces significant competition from large software providers, cloud-based vendors, and niche specialists. Rapid technological advancements, including the widespread adoption of 5G and the increasing use of AI, necessitate continuous innovation and adaptation of its offerings. Failure to effectively respond to these technological shifts and competitive pressures could lead to a loss of market share and hinder future growth.
- Intellectual Property Risks: CSG Systems International's competitive advantage relies heavily on its intellectual property (IP), which includes its software platforms and solutions. The company utilizes a combination of legal protections and contractual arrangements to safeguard its IP rights. However, there is an inherent risk that these protections could be challenged, circumvented, or that others might claim infringement. Any failure to protect its intellectual property could have a material adverse impact on the company's business and market standing.
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The clear emerging threat for CSG Systems International (CSGS) is the increasing market preference for fully public cloud, multi-tenant Software-as-a-Service (SaaS) solutions over its current "private SaaS based platform." As competitors offer solutions built on a truly public cloud, multi-tenant architecture, they may provide greater scalability, lower operational costs for clients (due to shared infrastructure and resources), faster innovation cycles, and potentially more flexible pricing models. This could make CSGS's private SaaS offering appear less agile or cost-effective for a growing segment of the market, risking customer attrition or limiting new business acquisition.
AI Analysis | Feedback
CSG Systems International (CSGS) operates in several addressable markets related to its core offerings in revenue management, digital monetization, customer engagement, and payment solutions, primarily for the communications industry. The estimated sizes for these markets are as follows:
-
Telecom Billing and Revenue Management Market:
- The global market size was valued at USD 18.22 billion in 2023 and is projected to grow at a CAGR of 10.4% from 2024 to 2030. Another source indicates the global market reached USD 19.8 billion in 2024 and is expected to reach USD 44.5 billion by 2033, growing at a CAGR of 8.94% during 2025-2033.
- North America dominated the global telecom billing and revenue management market, accounting for the largest revenue share of 35.0% in 2023.
-
Operations Support Systems (OSS) and Business Support Systems (BSS) Market:
- The global OSS and BSS market was valued at USD 65.81 billion in 2025 and is estimated to reach USD 148.26 billion by 2034, exhibiting a CAGR of 9.4% during 2026-2034. Another report valued the global market at USD 67.7 billion in 2023.
- North America currently dominates this market, holding a significant share of over 35.6% in 2024.
- The Next Generation OSS and BSS Market (global) was estimated at USD 57.45 billion in 2023 and is anticipated to reach USD 132.43 billion by 2030, growing at a CAGR of 13.3% from 2024 to 2030. North America accounted for the largest revenue share of 39.7% of this global market in 2023.
-
Customer Engagement Solutions Market:
- The global customer engagement solutions market size was valued at USD 29.39 billion in 2025 and is predicted to increase to approximately USD 86.39 billion by 2035, expanding at a CAGR of 11.38% from 2026 to 2035. Another report shows the global market size at USD 24.36 billion in 2025, projected to grow to USD 57.45 billion by 2034 at a CAGR of 10.10%.
- North America held the maximum market share of 39% in 2025.
- Specifically for telecommunications and BFSI customer engagement solutions, the global market was valued at USD 7 billion in 2023 and is projected to reach USD 16.1 billion by 2032.
-
Payment Processing Solutions Market:
- The global payment processing solutions market size was estimated at USD 173.38 billion in 2025 and is projected to reach around USD 1051.93 billion by 2035, expanding at a CAGR of 19.76% from 2026 to 2035. Another source indicates the market is expected to grow from USD 82.14 billion in 2025 to USD 221.16 billion by 2031 at a 17.95% CAGR.
- North America dominated the global market with the largest market share of 47% in 2025.
-
Electronic Bill Presentment and Payment (EBPP) Market:
- The global electronic bill presentment and payment market size was valued at USD 30.78 billion in 2025 and is poised to grow to USD 67.43 billion by 2033, with a CAGR of 10.3% during the forecast period (2026–2033).
- The U.S. electronic bill presentment and payment market was valued at USD 54.45 billion in 2025 and is projected to reach USD 117.09 billion by 2034. North America was the largest region in the electronic bill presentment and payment market in 2025.
-
ACH Network (U.S.):
- The U.S. ACH Network processed 35.2 billion payments in 2025, valued at $93 trillion.
-
Field Force Automation Market:
- The global field force automation market size was valued at USD 4.1 billion in 2025 and is estimated to grow to USD 10.07 billion by 2031, at a CAGR of 16.15% during the forecast period (2026-2031).
- North America led with a 37.45% share in 2025.
-
Partner Relationship Management (PRM) Market:
- The global partner relationship management market size was calculated at USD 106.47 billion in 2025 and is predicted to increase to approximately USD 424.82 billion by 2034, expanding at a CAGR of 16.62% from 2025 to 2034. Another estimate places the global market at USD 90.20 billion in 2024, projected to reach USD 226.51 billion by 2030, with a CAGR of 16.6%.
- North America dominated the global market with a revenue share of 33.4% in 2024.
-
SaaS Management Market:
- The global SaaS management market is projected to grow from USD 4.58 billion in 2025 to USD 9.37 billion by 2030, at a CAGR of 15.4% during the forecast period.
- North America is expected to hold the largest share of the SaaS management market in 2025. The U.S. SaaS Management Market is valued at USD 130.87 billion in 2025 and is expected to reach USD 449.69 billion by 2033.
AI Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for CSG Systems International (CSGS) over the next 2-3 years:
- Continued Growth of SaaS and Related Solutions: CSG is experiencing significant revenue growth from its Software-as-a-Service (SaaS) and related solutions. This shift towards a private SaaS-based platform and cloud-based offerings is a key driver, with the company consistently reporting increased revenue from this segment.
- Diversification into New Industry Verticals: A strategic focus for CSG is to reduce its reliance on traditional cable and telecom customers by expanding into new, faster-growing industry verticals such as retail, financial services, healthcare, and insurance. The company aims for revenue from these new verticals to constitute over 35% of its total revenue by the end of 2026.
- Strategic Acquisitions and Inorganic Growth: CSG is actively pursuing disciplined inorganic growth through strategic acquisitions to enhance its market position, expand its offerings, and achieve its revenue target of $1.5 billion by year-end 2025. This includes bolstering its presence in sectors like insurance.
- Expansion in International Markets: The company has demonstrated success and sees growth potential in international markets. Notably, revenue from Europe, the Middle East, and Africa has shown a significant increase, and the Asia Pacific region also contributes steadily to the company's global revenue. CSG's global reach and direct sales model are expected to contribute to continued growth in these regions.
- Introduction and Growth of AI-Driven Solutions: CSG is integrating Artificial Intelligence (AI) into its products and solutions, particularly in the digital customer experience (CX) and payment sectors. This strategic shift to AI-powered platforms and cloud-based customer engagement is expected to drive future growth by offering enhanced capabilities and addressing evolving market demands.
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Share Repurchases
- CSG repurchased approximately 788,000 shares of its common stock for $49.7 million under its Stock Repurchase Program in 2025.
- In 2024, the company repurchased approximately 1,185,000 shares of its common stock for approximately $58 million.
- As of June 30, 2023, 2.1 million shares remained authorized for repurchase under CSG's Stock Repurchase Program.
Share Issuance
- On September 11, 2023, CSG Systems International, Inc. issued $425.0 million aggregate principal amount of its 3.875% Convertible Senior Notes due 2028.
Inbound Investments
- NEC Corporation entered into a definitive agreement on October 29, 2025, to acquire CSG Systems International for US$80.70 per share in cash, representing a total enterprise value of approximately US$2.9 billion.
- The acquisition by NEC is expected to close within the 2026 calendar year, subject to customary closing conditions.
Outbound Investments
- CSG International acquired ICG, a provider of credit card processing services, for $17 million in June 2024.
- In 2021, CSG International made three acquisitions, including DGIT Systems in October and Kitewheel in July, both for undisclosed amounts.
Capital Expenditures
- CSG Systems International's research and development expenses were $161.57 million in 2025.
- Research and development expenses for 2024 amounted to $158.19 million.
- In 2023, the company's research and development expenses were $143.20 million, indicating a consistent investment in enhancing its software and services.
Latest Trefis Analyses
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | GEO | GEO | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 04302026 | RUN | Sunrun | Special | Short Squeeze PotentialShort Squeeze PotentialHas potential for a short squeeze. High short interest, rising short interest and high debt. | 0.0% | 0.0% | 0.0% |
| 04172026 | RSG | Republic Services | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.8% | 0.8% | -1.1% |
| 04102026 | VRSK | Verisk Analytics | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 12.3% | 12.3% | 0.0% |
| 04102026 | UHAL | U-Haul | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.3% | 0.3% | -1.0% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 73.70 |
| Mkt Cap | 11.4 |
| Rev LTM | 5,492 |
| Op Inc LTM | 1,039 |
| FCF LTM | 512 |
| FCF 3Y Avg | 476 |
| CFO LTM | 1,116 |
| CFO 3Y Avg | 1,010 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 7.3% |
| Rev Chg 3Y Avg | 6.7% |
| Rev Chg Q | 7.9% |
| QoQ Delta Rev Chg LTM | 1.9% |
| Op Inc Chg LTM | 6.8% |
| Op Inc Chg 3Y Avg | 11.5% |
| Op Mgn LTM | 18.2% |
| Op Mgn 3Y Avg | 17.8% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | 18.8% |
| CFO/Rev 3Y Avg | 17.7% |
| FCF/Rev LTM | 15.8% |
| FCF/Rev 3Y Avg | 14.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 11.4 |
| P/S | 2.4 |
| P/Op Inc | 13.5 |
| P/EBIT | 12.1 |
| P/E | 20.4 |
| P/CFO | 13.3 |
| Total Yield | 5.8% |
| Dividend Yield | 1.8% |
| FCF Yield 3Y Avg | 6.1% |
| D/E | 0.2 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.0% |
| 3M Rtn | -5.8% |
| 6M Rtn | -20.7% |
| 12M Rtn | -14.4% |
| 3Y Rtn | 47.1% |
| 1M Excs Rtn | -8.9% |
| 3M Excs Rtn | -12.4% |
| 6M Excs Rtn | -30.8% |
| 12M Excs Rtn | -41.9% |
| 3Y Excs Rtn | -29.8% |
Price Behavior
| Market Price | $80.69 | |
| Market Cap ($ Bil) | 2.2 | |
| First Trading Date | 02/28/1996 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $80.09 | $73.78 |
| DMA Trend | up | indeterminate |
| Distance from DMA | 0.7% | 9.4% |
| 3M | 1YR | |
| Volatility | 3.2% | 21.4% |
| Downside Capture | 2.32 | 35.67 |
| Upside Capture | 8.04 | 51.01 |
| Correlation (SPY) | 21.8% | 24.1% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.03 | 0.05 | 0.04 | 0.06 | 0.44 | 0.63 |
| Up Beta | 0.03 | 0.06 | 0.08 | 0.09 | 0.40 | 0.59 |
| Down Beta | -0.10 | -0.05 | -0.07 | 0.03 | 0.34 | 0.66 |
| Up Capture | 4% | 8% | 7% | 8% | 49% | 35% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 24 | 36 | 66 | 137 | 387 |
| Down Capture | -8% | 4% | 3% | 4% | 43% | 83% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 17 | 25 | 53 | 109 | 357 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CSGS | |
|---|---|---|---|---|
| CSGS | 26.9% | 21.5% | 1.01 | - |
| Sector ETF (XLI) | 30.0% | 15.6% | 1.48 | 17.3% |
| Equity (SPY) | 32.5% | 12.4% | 1.98 | 23.8% |
| Gold (GLD) | 41.3% | 26.9% | 1.26 | -5.8% |
| Commodities (DBC) | 47.5% | 18.0% | 2.10 | -8.9% |
| Real Estate (VNQ) | 12.8% | 13.5% | 0.65 | 9.1% |
| Bitcoin (BTCUSD) | -21.0% | 41.7% | -0.46 | 3.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CSGS | |
|---|---|---|---|---|
| CSGS | 14.3% | 26.9% | 0.50 | - |
| Sector ETF (XLI) | 12.7% | 17.4% | 0.57 | 40.0% |
| Equity (SPY) | 13.7% | 17.1% | 0.63 | 41.4% |
| Gold (GLD) | 21.0% | 17.9% | 0.95 | 2.5% |
| Commodities (DBC) | 13.4% | 19.1% | 0.57 | 11.0% |
| Real Estate (VNQ) | 3.9% | 18.8% | 0.11 | 38.3% |
| Bitcoin (BTCUSD) | 7.2% | 55.9% | 0.34 | 17.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with CSGS | |
|---|---|---|---|---|
| CSGS | 8.4% | 27.7% | 0.33 | - |
| Sector ETF (XLI) | 14.0% | 20.0% | 0.62 | 43.9% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 44.6% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | -0.2% |
| Commodities (DBC) | 9.7% | 17.7% | 0.46 | 14.0% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.24 | 37.1% |
| Bitcoin (BTCUSD) | 68.2% | 66.8% | 1.07 | 10.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | 0.1% | ||
| 2/4/2026 | 0.5% | 0.2% | 0.6% |
| 11/5/2025 | -0.2% | 0.2% | -2.5% |
| 8/6/2025 | 1.2% | 1.6% | 3.4% |
| 5/7/2025 | 6.6% | 6.2% | 5.0% |
| 2/5/2025 | 5.5% | 1.1% | 4.0% |
| 11/6/2024 | 9.5% | 8.2% | 6.2% |
| 8/7/2024 | 8.9% | 8.5% | 8.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 16 | 17 |
| # Negative | 9 | 8 | 7 |
| Median Positive | 3.6% | 4.9% | 4.9% |
| Median Negative | -4.1% | -7.3% | -5.8% |
| Max Positive | 15.1% | 14.2% | 14.5% |
| Max Negative | -14.6% | -13.7% | -12.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 02/19/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 02/20/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/02/2024 | 10-Q |
| 12/31/2023 | 02/16/2024 | 10-K |
| 09/30/2023 | 11/02/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 02/17/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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