CSG Systems International, Inc. (NASDAQ:CSGS) Receives $61.60 Consensus PT from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has earned an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $61.60.

A number of brokerages recently weighed in on CSGS. Cantor Fitzgerald upped their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th. Benchmark reaffirmed a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a research note on Tuesday, November 5th. Royal Bank of Canada upped their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th.

CSG Systems International Price Performance

CSGS opened at $55.51 on Friday. The company has a quick ratio of 1.58, a current 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 fifty day simple moving average of $49.74 and a 200 day simple moving average of $45.82. The stock has a market cap of $1.61 billion, a P/E ratio of 24.45, a P/E/G 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 EPS for the quarter, meeting analysts’ consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The business had revenue of $295.14 million during the quarter, compared to analysts’ expectations of $283.13 million. During the same quarter in the prior year, the company earned $0.74 EPS. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that CSG Systems International will post 3.48 EPS for the current year.

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, December 18th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. CSG Systems International’s dividend payout ratio is 52.86%.

Hedge Funds Weigh In On CSG Systems International

A number of large investors have recently modified their holdings of the business. Boston Trust Walden Corp boosted its stake in shares of CSG Systems International by 18.9% during the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock worth $40,498,000 after buying an additional 156,222 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in CSG Systems International by 30.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock valued at $30,665,000 after purchasing an additional 173,944 shares during the last quarter. Geode Capital Management LLC lifted its stake in CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after purchasing an additional 4,903 shares during the last quarter. Dean Investment Associates LLC lifted its stake in CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after purchasing an additional 64,066 shares during the last quarter. Finally, Lazard Asset Management LLC raised its holdings in CSG Systems International by 116.2% in the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after acquiring an additional 28,666 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.