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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $63.00.

A number of research firms recently commented on CSGS. Royal Bank of Canada began coverage on CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price objective for the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $63.00 price objective on shares of CSG Systems International in a report on Thursday, February 8th. Finally, Wells Fargo & Company dropped their price objective on CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating for the company in a report on Thursday, February 8th.

CSG Systems International Trading Up 0.5 %

Shares of CSGS opened at $48.00 on Thursday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.96. CSG Systems International has a 12-month low of $45.27 and a 12-month high of $69.35. The firm has a market capitalization of $1.41 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 1.46 and a beta of 0.82. The stock’s fifty day simple moving average is $51.71 and its 200-day simple moving average is $51.39.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $273.36 million during the quarter, compared to the consensus estimate of $273.92 million. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. As a group, research analysts predict that CSG Systems International will post 3.26 earnings per share for the current year.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.30 dividend. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.50%. The ex-dividend date was Thursday, March 14th. CSG Systems International’s dividend payout ratio is 54.79%.

Institutional Investors Weigh In On CSG Systems International

Several large investors have recently modified their holdings of CSGS. Campbell & CO Investment Adviser LLC bought a new position in shares of CSG Systems International during the fourth quarter worth about $218,000. Captrust Financial Advisors grew its holdings in shares of CSG Systems International by 208.8% during the third quarter. Captrust Financial Advisors now owns 5,107 shares of the technology company’s stock worth $270,000 after buying an additional 3,453 shares in the last quarter. Baird Financial Group Inc. grew its holdings in shares of CSG Systems International by 4.5% during the second quarter. Baird Financial Group Inc. now owns 5,722 shares of the technology company’s stock worth $302,000 after buying an additional 245 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of CSG Systems International by 9.2% during the second quarter. Lazard Asset Management LLC now owns 7,017 shares of the technology company’s stock worth $370,000 after buying an additional 592 shares in the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in shares of CSG Systems International during the fourth quarter worth about $487,000. 91.07% of the stock is currently owned by institutional investors.

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.