CSG Systems International, Inc. (NASDAQ:CSGS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $61.60.

Several brokerages have recently commented on CSGS. 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 research note on Thursday, August 8th. Benchmark reissued a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research report on Tuesday, November 5th. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th. Royal Bank of Canada lifted their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, November 7th.

CSG Systems International Price Performance

CSG Systems International stock opened at $54.59 on Friday. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 24.05, a price-to-earnings-growth ratio of 1.59 and a beta of 0.82. The firm has a 50-day moving average of $50.28 and a two-hundred day moving average of $46.14. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $57.15.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.06. The firm had revenue of $295.14 million during the quarter, compared to analyst estimates of $283.13 million. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. CSG Systems International’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.74 earnings per share. On average, research analysts forecast that CSG Systems International will post 3.48 earnings per share for the current year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 2.20%. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Institutional Trading of CSG Systems International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Trust Walden Corp increased its position in CSG Systems International by 18.9% during the 2nd 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of CSG Systems International by 30.5% in 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 during the last quarter. Geode Capital Management LLC boosted its stake in CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock worth $33,039,000 after purchasing an additional 4,903 shares in the last quarter. Dean Investment Associates LLC grew its position in CSG Systems International by 116.1% during the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock worth $5,801,000 after purchasing an additional 64,066 shares during the last quarter. Finally, Lazard Asset Management LLC increased its stake in CSG Systems International by 116.2% during the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after purchasing an additional 28,666 shares in the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

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.