CSG Systems International, Inc. (NASDAQ:CSGS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $62.50.

Several equities analysts recently commented on CSGS shares. Wells Fargo & Company dropped their target price on CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday. Royal Bank of Canada assumed coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 target price on the stock. Finally, Cantor Fitzgerald reduced their target price on CSG Systems International from $63.00 to $62.00 and set an “overweight” rating for the company in a research note on Thursday.

CSG Systems International Price Performance

Shares of NASDAQ CSGS opened at $41.70 on Monday. CSG Systems International has a 1-year low of $41.52 and a 1-year high of $69.35. The company has a market cap of $1.22 billion, a PE ratio of 19.04, a P/E/G ratio of 1.28 and a beta of 0.83. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.54. The stock has a fifty day moving average price of $50.29 and a 200 day moving average price of $51.01.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.04. The company had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. Sell-side analysts forecast that CSG Systems International will post 3.29 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.30 per share. This is a boost from CSG Systems International’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.88%. CSG Systems International’s dividend payout ratio (DPR) is presently 54.79%.

Institutional Trading of CSG Systems International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System lifted its stake in CSG Systems International by 3.8% in 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 acquiring an additional 2,524 shares during the last quarter. Bahl & Gaynor Inc. boosted its holdings in CSG Systems International by 8.1% in the 3rd quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock valued at $24,761,000 after purchasing an additional 36,488 shares during the period. Boston Trust Walden Corp grew its position in CSG Systems International by 1.0% in the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after purchasing an additional 8,395 shares during the last quarter. LSV Asset Management lifted its position in shares of 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 worth $74,955,000 after acquiring an additional 134,531 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of CSG Systems International by 48.6% in the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after purchasing an additional 14,682 shares in the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

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.