CSG Systems International, Inc. (NASDAQ:CSGS) Given Consensus Rating of “Moderate Buy” by Brokerages

CSG Systems International, Inc. (NASDAQ:CSGSGet Free Report) has been given an average recommendation of “Moderate Buy” by the six analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned 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 have recently commented on the stock. Royal Bank of Canada began coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 target price on the stock. Cantor Fitzgerald reduced their price target on CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a report on Thursday, May 2nd. Finally, Wells Fargo & Company decreased their price target on shares of CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Thursday, May 2nd.

Check Out Our Latest Analysis on CSGS

CSG Systems International Price Performance

Shares of NASDAQ:CSGS opened at $42.86 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 19.57, a PEG ratio of 1.30 and a beta of 0.83. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.98. The company’s fifty day moving average is $46.39 and its 200 day moving average is $50.13. CSG Systems International has a 52 week low of $41.27 and a 52 week high of $69.35.

CSG Systems International (NASDAQ:CSGSGet Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. The company had revenue of $270.07 million during the quarter, compared to analysts’ expectations of $271.66 million. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. Research analysts anticipate that CSG Systems International will post 3.29 earnings per share for the current year.

CSG Systems International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Friday, June 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.20 annualized dividend and a dividend yield of 2.80%. CSG Systems International’s dividend payout ratio is currently 54.79%.

Hedge Funds Weigh In On CSG Systems International

Several institutional investors have recently bought and sold shares of the company. EMC Capital Management grew its position in shares of CSG Systems International by 28.1% during the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after buying an additional 1,056 shares in the last quarter. BNP Paribas Financial Markets raised its stake in CSG Systems International by 3.7% in the first quarter. BNP Paribas Financial Markets now owns 46,549 shares of the technology company’s stock valued at $2,399,000 after buying an additional 1,644 shares in the last quarter. SG Americas Securities LLC lifted its stake in CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after purchasing an additional 1,698 shares during the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of CSG Systems International during the 1st quarter worth approximately $190,000. Finally, Sciencast Management LP purchased a new stake in shares of CSG Systems International in the 1st quarter valued at about $233,000. 91.07% of the stock is owned by institutional investors and hedge funds.

About CSG Systems International

(Get Free Report

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.

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Analyst Recommendations for CSG Systems International (NASDAQ:CSGS)

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