CSG Systems International, Inc. (NASDAQ:CSGS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $61.60.

A number of equities analysts have commented on the stock. Cantor Fitzgerald lifted 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 note 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 Friday, November 15th. Wells Fargo & Company lifted their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Benchmark reaffirmed a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wilmington Savings Fund Society FSB grew its holdings in shares of CSG Systems International by 0.6% in the third quarter. Wilmington Savings Fund Society FSB now owns 49,812 shares of the technology company’s stock valued at $2,423,000 after purchasing an additional 302 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of CSG Systems International by 38.0% in the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of CSG Systems International by 0.7% in the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after purchasing an additional 4,903 shares in the last quarter. Dean Investment Associates LLC grew its holdings in shares of CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after purchasing an additional 64,066 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new position in shares of CSG Systems International in the third quarter valued at approximately $866,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Performance

CSGS opened at $54.82 on Friday. The firm has a market capitalization of $1.59 billion, a PE ratio of 24.15, a PEG ratio of 1.60 and a beta of 0.82. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $57.15. The firm’s 50-day moving average price is $50.02 and its 200 day moving average price is $46.02. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84.

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

CSG Systems International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is currently 52.86%.

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.