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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $58.80.

CSGS has been the subject of a number of research analyst reports. StockNews.com raised CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 10th. Cantor Fitzgerald boosted their target price on CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada lowered their target price on CSG Systems International from $61.00 to $52.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Finally, Benchmark reiterated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Wednesday, August 7th.

Hedge Funds Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently modified their holdings of the company. Central Pacific Bank Trust Division boosted its holdings in shares of CSG Systems International by 20.3% in the 3rd quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after purchasing an additional 610 shares in the last quarter. SG Americas Securities LLC increased its position in shares of 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 valued at $187,000 after buying an additional 1,698 shares during the period. Sciencast Management LP bought a new position in shares of CSG Systems International in the 1st quarter worth approximately $233,000. EMC Capital Management raised its holdings in CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after purchasing an additional 1,056 shares in the last quarter. Finally, Stoneridge Investment Partners LLC bought a new position in shares of CSG Systems International in the 2nd quarter worth about $243,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Stock Down 0.2 %

Shares of NASDAQ:CSGS opened at $48.15 on Thursday. The business’s 50 day simple moving average is $46.92 and its two-hundred day simple moving average is $45.26. The firm has a market cap of $1.43 billion, a P/E ratio of 21.99, a PEG ratio of 1.37 and a beta of 0.82. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.59 and a current ratio of 1.59. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $55.64.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, August 7th. The technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The company had revenue of $290.30 million for the quarter, compared to analyst estimates of $269.60 million. During the same quarter last year, the company earned $0.61 earnings per share. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. As a group, research analysts forecast that CSG Systems International will post 3.43 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Friday, September 13th. 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.