Northland Capmk Analysts Reduce Earnings Estimates for CSG Systems International, Inc. (NASDAQ:CSGS)

CSG Systems International, Inc. (NASDAQ:CSGS) – Research analysts at Northland Capmk lowered their Q1 2024 EPS estimates for shares of CSG Systems International in a report released on Tuesday, April 23rd. Northland Capmk analyst N. Chokshi now expects that the technology company will post earnings of $0.78 per share for the quarter, down from their prior forecast of $0.97. The consensus estimate for CSG Systems International’s current full-year earnings is $3.26 per share. Northland Capmk also issued estimates for CSG Systems International’s Q3 2024 earnings at $0.85 EPS, Q4 2024 earnings at $0.88 EPS, Q1 2025 earnings at $0.75 EPS, Q2 2025 earnings at $0.74 EPS, Q3 2025 earnings at $0.82 EPS and Q4 2025 earnings at $0.85 EPS.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data 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. The firm had revenue of $273.36 million for the quarter, compared to the consensus estimate of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%.

Other equities analysts also recently issued reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $63.00 price target on shares of CSG Systems International in a report on Thursday, February 8th. Royal Bank of Canada started coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price target on the stock. Finally, Wells Fargo & Company cut their price target on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

CSG Systems International Price Performance

Shares of NASDAQ:CSGS opened at $49.55 on Wednesday. The company’s 50-day moving average is $51.34 and its 200 day moving average is $51.33. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $1.45 billion, a P/E ratio of 22.63, a price-to-earnings-growth ratio of 1.50 and a beta of 0.82. CSG Systems International has a fifty-two week low of $45.27 and a fifty-two week high of $69.35.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 14,682 shares during the period. LSV Asset Management increased its position in shares of CSG Systems International by 10.6% during the fourth 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 period. Bahl & Gaynor Inc. increased its position in shares of CSG Systems International by 5.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock valued at $27,070,000 after buying an additional 24,385 shares during the period. Boston Trust Walden Corp increased its position in shares of CSG Systems International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock valued at $44,281,000 after buying an additional 8,395 shares during the period. Finally, New York State Teachers Retirement System increased its position in shares of CSG Systems International by 3.8% during the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company’s stock valued at $3,523,000 after buying an additional 2,524 shares during the period. 91.07% of the stock is currently owned by institutional investors.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a $0.30 dividend. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, March 14th. CSG Systems International’s payout ratio 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.