Analysts Set CSG Systems International, Inc. (NASDAQ:CSGS) PT at $58.80

CSG Systems International, Inc. (NASDAQ:CSGS) has earned an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $58.80.

CSGS has been the topic of several recent analyst reports. Royal Bank of Canada cut their target price on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Cantor Fitzgerald increased their target price on CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Benchmark restated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Wednesday, August 7th. Finally, StockNews.com upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd.

CSG Systems International Stock Down 0.7 %

CSGS stock opened at $47.29 on Monday. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $55.64. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 1.95. The firm has a market cap of $1.40 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 1.42 and a beta of 0.82. The business has a 50 day moving average of $47.69 and a 200 day moving average of $45.07.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The company had revenue of $290.30 million during the quarter, compared to analyst estimates of $269.60 million. During the same quarter last year, the company earned $0.61 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts forecast that CSG Systems International will post 3.43 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 annualized dividend and a yield of 2.54%. CSG Systems International’s dividend payout ratio (DPR) is presently 54.79%.

Hedge Funds Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently bought and sold shares of CSGS. Bank of New York Mellon Corp lifted its position in CSG Systems International by 30.5% during the second 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 in the last quarter. Boston Trust Walden Corp lifted its position in CSG Systems International by 18.9% during the second quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after purchasing an additional 156,222 shares in the last quarter. Delphi Management Inc. MA purchased a new position in CSG Systems International during the first quarter valued at $1,599,000. LSV Asset Management lifted its position in CSG Systems International by 2.1% during the first quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock valued at $74,135,000 after purchasing an additional 29,723 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings 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 valued at $2,748,000 after acquiring an additional 28,666 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

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.