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

CSG Systems International, Inc. (NASDAQ:CSGS) has received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $61.67.

Several equities analysts have recently commented on CSGS shares. Wells Fargo & Company lowered their target price on CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Tuesday, June 4th. Cantor Fitzgerald lowered their price objective on CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada began coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price for the company.

Institutional Investors Weigh In On CSG Systems International

Large investors have recently bought and sold shares of the company. Delphi Management Inc. MA bought a new stake in CSG Systems International during the first quarter worth $1,599,000. EMC Capital Management boosted its stake in shares of CSG Systems International by 28.1% in the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after purchasing an additional 1,056 shares in the last quarter. Comerica Bank grew its holdings in shares of CSG Systems International by 34.9% during the 1st quarter. Comerica Bank now owns 21,954 shares of the technology company’s stock valued at $1,132,000 after purchasing an additional 5,676 shares during the last quarter. Lazard Asset Management LLC increased its position in CSG Systems International by 116.2% during the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after purchasing an additional 28,666 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in CSG Systems International by 88.0% during the 1st quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after purchasing an additional 1,698 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Price Performance

NASDAQ:CSGS opened at $40.87 on Tuesday. The company has a market cap of $1.21 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.26 and a beta of 0.83. The firm’s fifty day moving average price is $43.37 and its two-hundred day moving average price is $48.87. CSG Systems International has a one year low of $39.56 and a one year high of $69.35. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.74.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, May 1st. The technology company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.75 by $0.07. The business had revenue of $270.07 million during the quarter, compared to the consensus estimate of $271.66 million. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. Equities analysts expect that CSG Systems International will post 3.29 earnings per share for the current year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, June 14th. CSG Systems International’s dividend payout ratio (DPR) is currently 54.79%.

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.