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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are 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 objective among brokers that have issued ratings on the stock in the last year is $58.80.

Several research analysts have recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating for the company in a report on Tuesday, June 4th. Cantor Fitzgerald upped their price target on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Royal Bank of Canada lowered 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 report on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Wednesday, August 7th.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in CSG Systems International by 88.0% in the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the period. Central Pacific Bank Trust Division acquired a new stake in CSG Systems International during the 1st quarter worth about $190,000. Sciencast Management LP acquired a new stake in CSG Systems International during the 1st quarter worth about $233,000. EMC Capital Management grew its holdings in CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after acquiring an additional 1,056 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new stake in CSG Systems International during the 2nd quarter worth about $243,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Stock Up 1.3 %

NASDAQ CSGS opened at $46.02 on Friday. The business has a fifty day moving average price of $45.43 and a two-hundred day moving average price of $45.95. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.59 and a quick ratio of 1.59. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $55.64. The stock has a market capitalization of $1.37 billion, a PE ratio of 21.01, a PEG ratio of 1.36 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 for the quarter, topping the consensus estimate of $0.91 by $0.11. The firm had revenue of $290.30 million during 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 company’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 earnings per share. Equities analysts expect that CSG Systems International will post 3.43 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a $0.30 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a yield of 2.61%. CSG Systems International’s payout ratio is 54.79%.

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.