CSG Systems International, Inc. (NASDAQ:CSGS) Receives $58.80 Average PT from Analysts

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $58.80.

Several research analysts have issued reports on CSGS shares. StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Benchmark reiterated a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Wednesday, August 7th. Cantor Fitzgerald upped their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada reduced 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 report on Thursday, August 8th.

CSG Systems International Stock Down 0.0 %

CSGS stock opened at $46.59 on Monday. CSG Systems International has a one year low of $39.56 and a one year high of $55.64. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. The company has a fifty day moving average of $47.68 and a 200-day moving average of $45.07. The stock has a market capitalization of $1.37 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 1.38 and a beta of 0.82.

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

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.58%. CSG Systems International’s dividend payout ratio is presently 54.05%.

Hedge Funds Weigh In On CSG Systems International

Several hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in CSG Systems International in the 3rd quarter valued at about $840,000. Central Pacific Bank Trust Division raised its position 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 valued at $176,000 after buying an additional 610 shares during the last quarter. Stoneridge Investment Partners LLC purchased a new position in shares of CSG Systems International during the second quarter valued at approximately $243,000. Bank of New York Mellon Corp grew its stake in 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 worth $30,665,000 after acquiring an additional 173,944 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in shares of CSG Systems International by 18.9% during the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after purchasing an additional 156,222 shares during 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.