CSG Systems International, Inc. (NASDAQ:CSGS) Receives $70.71 Consensus Target Price from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has been given an average recommendation of “Buy” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $70.71.

Several analysts have recently weighed in on the company. Northland Securities restated an “outperform” rating and set a $80.00 price target (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Royal Bank of Canada lifted their target price on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Wells Fargo & Company reduced their target price on shares of CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Sidoti raised shares of CSG Systems International to a “strong-buy” rating in a research note on Monday. Finally, Cantor Fitzgerald lifted their price target on shares of CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th.

Insider Activity

In related news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total transaction of $599,580.00. Following the completion of the transaction, the director now owns 41,561 shares of the company’s stock, valued at $2,768,793.82. This trade represents a 17.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.

Institutional Trading of CSG Systems International

Institutional investors have recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH raised its position in shares of CSG Systems International by 0.4% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock worth $19,901,000 after acquiring an additional 1,420 shares in the last quarter. Independence Bank of Kentucky bought a new stake in CSG Systems International in the fourth quarter worth approximately $80,000. Willis Investment Counsel boosted its stake in CSG Systems International by 4.3% during the fourth quarter. Willis Investment Counsel now owns 16,276 shares of the technology company’s stock worth $832,000 after acquiring an additional 668 shares in the last quarter. Boston Trust Walden Corp grew its holdings in CSG Systems International by 9.0% in the fourth quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after purchasing an additional 88,216 shares during the period. Finally, Advisors Preferred LLC bought a new stake in CSG Systems International in the fourth quarter valued at $1,300,000. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Price Performance

Shares of NASDAQ:CSGS opened at $63.96 on Friday. CSG Systems International has a one year low of $39.56 and a one year high of $67.60. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 1.68 and a beta of 0.87. The firm has a 50 day simple moving average of $60.80 and a 200 day simple moving average of $57.97.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.14. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. The company had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. During the same period in the prior year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Research analysts predict that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.32 per share. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $1.28 annualized dividend and a yield of 2.00%. CSG Systems International’s dividend payout ratio (DPR) is presently 43.69%.

About CSG Systems International

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.