Benchmark Reiterates “Buy” Rating for CSG Systems International (NASDAQ:CSGS)

Benchmark reaffirmed their buy rating on shares of CSG Systems International (NASDAQ:CSGS) in a research note released on Tuesday,Benzinga reports. The firm currently has a $75.00 price objective on the technology company’s stock.

Several other equities analysts have also recently issued reports on the company. Cantor Fitzgerald raised their price target on CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada dropped their price target on shares of CSG Systems International from $61.00 to $52.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $61.60.

CSG Systems International Trading Down 0.6 %

CSGS opened at $55.58 on Tuesday. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $57.15. The stock has a market capitalization of $1.64 billion, a PE ratio of 25.03, a PEG ratio of 1.39 and a beta of 0.82. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95. The firm has a 50-day moving average price of $48.08 and a two-hundred day moving average price of $45.19.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. The firm had revenue of $290.30 million during the quarter, compared to analysts’ expectations of $269.60 million. CSG Systems International had a net margin of 5.53% and a return on equity of 33.18%. CSG Systems International’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. As a group, equities analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. CSG Systems International’s dividend payout ratio (DPR) is presently 54.05%.

Institutional Investors Weigh In On CSG Systems International

Several hedge funds have recently bought and sold shares of CSGS. Cornercap Investment Counsel Inc. increased its position in shares of CSG Systems International by 39.8% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after buying an additional 3,001 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of CSG Systems International in the third quarter worth about $840,000. Central Pacific Bank Trust Division increased its holdings in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after acquiring an additional 610 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of CSG Systems International during the second quarter worth about $243,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of CSG Systems International by 30.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock valued at $30,665,000 after purchasing an additional 173,944 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.