CSG Systems International (NASDAQ:CSGS) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada began coverage on shares of CSG Systems International (NASDAQ:CSGS) in a report issued on Wednesday morning, MarketBeat.com reports. The brokerage issued an outperform rating and a $61.00 target price on the technology company’s stock.

Several other brokerages have also commented on CSGS. Wells Fargo & Company decreased their price target on CSG Systems International from $53.00 to $50.00 and set an equal weight rating on the stock in a research note on Thursday, February 8th. Jefferies Financial Group initiated coverage on CSG Systems International in a research note on Friday, December 1st. They set a buy rating and a $60.00 price target on the stock. StockNews.com raised CSG Systems International from a hold rating to a buy rating in a research note on Friday, December 15th. Finally, Cantor Fitzgerald restated an overweight rating and set a $63.00 price objective on shares of CSG Systems International in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, CSG Systems International has an average rating of Moderate Buy and a consensus target price of $63.00.

CSG Systems International Stock Performance

NASDAQ CSGS opened at $50.48 on Wednesday. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.96. CSG Systems International has a 52-week low of $45.27 and a 52-week high of $69.35. The business’s 50-day moving average price is $52.08 and its 200 day moving average price is $51.70. The firm has a market cap of $1.49 billion, a P/E ratio of 23.05, a P/E/G ratio of 1.56 and a beta of 0.83.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. CSG Systems International had a return on equity of 27.67% and a net margin of 5.67%. The firm had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. On average, equities research analysts expect that CSG Systems International will post 3.26 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, March 14th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a dividend yield of 2.38%. CSG Systems International’s payout ratio is currently 54.79%.

Institutional Trading of CSG Systems International

A number of institutional investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. boosted its position in CSG Systems International by 10.3% during the 4th quarter. Baird Financial Group Inc. now owns 6,313 shares of the technology company’s stock worth $336,000 after purchasing an additional 591 shares during the period. Brevan Howard Capital Management LP purchased a new position in CSG Systems International in the 4th quarter valued at about $487,000. Campbell & CO Investment Adviser LLC purchased a new position in CSG Systems International in the 4th quarter valued at about $218,000. BNP Paribas Financial Markets boosted its position in CSG Systems International by 48.6% in the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after buying an additional 14,682 shares during the last quarter. Finally, LSV Asset Management boosted its position in CSG Systems International by 10.6% in the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock valued at $74,955,000 after buying an additional 134,531 shares during the last quarter. 91.07% of the stock is 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.