CSG Systems International (NASDAQ:CSGS) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of CSG Systems International (NASDAQ:CSGS) from a buy rating to a strong-buy rating in a research note released on Friday morning.

A number of other equities research analysts have also recently commented on the stock. Royal Bank of Canada increased their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Benchmark reissued a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Cantor Fitzgerald boosted their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Finally, Wells Fargo & Company increased their price target on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $61.60.

CSG Systems International Price Performance

NASDAQ:CSGS opened at $53.92 on Friday. The stock has a 50 day moving average of $48.87 and a two-hundred day moving average of $45.40. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $57.15. The firm has a market cap of $1.57 billion, a P/E ratio of 24.00, a price-to-earnings-growth ratio of 1.57 and a beta of 0.82. 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 issued its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.06. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. The firm had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same period in the previous year, the company posted $0.74 earnings per share. The business’s revenue was up 2.9% on a year-over-year basis. On average, analysts expect that CSG Systems International will post 3.48 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.23%. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Institutional Investors Weigh In On CSG Systems International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its holdings in shares of 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 during the period. Lazard Asset Management LLC boosted its stake in CSG Systems International by 116.2% during the first quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after buying an additional 28,666 shares during the period. Comerica Bank increased its position in shares of CSG Systems International by 34.9% during the first quarter. Comerica Bank now owns 21,954 shares of the technology company’s stock valued at $1,132,000 after acquiring an additional 5,676 shares during the last quarter. EMC Capital Management raised 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 acquiring an additional 1,056 shares during the period. Finally, Delphi Management Inc. MA purchased a new stake in shares of CSG Systems International in the 1st quarter valued at approximately $1,599,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.