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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $61.60.

CSGS has been the subject of a number of research analyst reports. Cantor Fitzgerald raised their price objective on CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research report on Thursday, August 8th. StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th. Wells Fargo & Company raised their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. Royal Bank of Canada boosted their price target on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research report on Tuesday, November 5th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its holdings in shares of CSG Systems International by 38.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock worth $104,000 after acquiring an additional 586 shares during the last quarter. Central Pacific Bank Trust Division lifted its stake in 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 purchasing an additional 610 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after buying an additional 1,698 shares during the period. Stoneridge Investment Partners LLC bought a new position in shares of CSG Systems International during the second quarter valued at approximately $243,000. Finally, EMC Capital Management raised its holdings in shares of CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after buying an additional 1,056 shares during the period. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Down 0.4 %

Shares of CSGS opened at $54.59 on Friday. The business’s 50 day moving average is $50.28 and its 200 day moving average is $46.14. 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 has a 12-month low of $39.56 and a 12-month high of $57.15. The company has a market capitalization of $1.59 billion, a PE ratio of 24.05, a price-to-earnings-growth ratio of 1.59 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm had revenue of $295.14 million for the quarter, compared to analysts’ expectations of $283.13 million. During the same quarter last year, the business posted $0.74 earnings per share. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts expect that CSG Systems International will post 3.48 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a yield of 2.20%. CSG Systems International’s dividend payout ratio is presently 52.86%.

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.