Analysts Set CSG Systems International, Inc. (NASDAQ:CSGS) Price Target at $61.67

CSG Systems International, Inc. (NASDAQ:CSGS) has earned an average recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $61.67.

A number of research analysts have weighed in on CSGS shares. Wells Fargo & Company lowered their target price on CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, June 4th. Royal Bank of Canada assumed coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price objective on the stock. Finally, Cantor Fitzgerald reduced their target price on shares of CSG Systems International from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of CSG Systems International by 88.0% in the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after acquiring an additional 1,698 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in CSG Systems International in the 1st quarter worth approximately $190,000. Sciencast Management LP bought a new position in CSG Systems International in the 1st quarter worth approximately $233,000. EMC Capital Management grew its holdings in CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after buying an additional 1,056 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of CSG Systems International by 31.8% during the first quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock valued at $981,000 after buying an additional 4,590 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 1.1 %

Shares of NASDAQ:CSGS opened at $45.05 on Friday. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $69.35. The stock’s fifty day moving average price is $41.75 and its 200-day moving average price is $47.22. The company has a market cap of $1.34 billion, a P/E ratio of 20.57, a PEG ratio of 1.34 and a beta of 0.81. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.74.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, May 1st. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.07. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. The business had revenue of $270.07 million for the quarter, compared to analysts’ expectations of $271.66 million. Sell-side analysts expect that CSG Systems International will post 3.29 earnings per share for the current year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.66%. CSG Systems International’s payout ratio is currently 54.79%.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, 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 platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.