Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) PT at $58.80

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $58.80.

A number of equities analysts have weighed in on CSGS shares. Benchmark reissued a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 4th. Cantor Fitzgerald upped their target price on CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. Royal Bank of Canada decreased their target price on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Finally, StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors have recently made changes to their positions in CSGS. Bank of New York Mellon Corp boosted its stake in shares of CSG Systems International by 30.5% in the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock valued at $30,665,000 after buying an additional 173,944 shares during the period. Boston Trust Walden Corp boosted its stake in shares of CSG Systems International by 18.9% in the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after buying an additional 156,222 shares during the period. Delphi Management Inc. MA bought a new stake in shares of CSG Systems International in the first quarter valued at approximately $1,599,000. LSV Asset Management lifted its stake in CSG Systems International by 2.1% during the first quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock worth $74,135,000 after purchasing an additional 29,723 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in CSG Systems International by 116.2% during the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after purchasing an additional 28,666 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors.

CSG Systems International Price Performance

Shares of NASDAQ CSGS opened at $46.02 on Friday. The business’s 50 day moving average price is $45.43 and its two-hundred day moving average price is $45.95. The company has a market cap of $1.37 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.36 and a beta of 0.82. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $55.64.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. The firm had revenue of $290.30 million for the quarter, compared to the consensus estimate of $269.60 million. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. On average, analysts predict that CSG Systems International will post 3.43 EPS for the current year.

CSG Systems International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Friday, September 13th. CSG Systems International’s dividend payout ratio (DPR) is currently 54.79%.

About CSG Systems International

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.