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

CSG Systems International, Inc. (NASDAQ:CSGS) has received an average rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $65.60.

A number of research analysts recently commented on CSGS shares. Northland Securities restated an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a research note on Thursday. Benchmark restated a “buy” rating and issued a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. Royal Bank of Canada increased their price objective on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company raised their target price on CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, November 7th. Finally, StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CSGS. SG Americas Securities LLC acquired a new position in CSG Systems International in the third quarter valued at about $840,000. Boston Trust Walden Corp boosted its stake in CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after acquiring an additional 88,216 shares during the last quarter. Geode Capital Management LLC grew its holdings in CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after purchasing an additional 4,903 shares during the period. Dean Investment Associates LLC increased its stake in CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after purchasing an additional 64,066 shares in the last quarter. Finally, Martingale Asset Management L P acquired a new stake in CSG Systems International in the third quarter worth $866,000. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Price Performance

Shares of NASDAQ CSGS opened at $61.66 on Thursday. The business has a 50 day moving average price of $53.40 and a two-hundred day moving average price of $50.15. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $64.48. The firm has a market cap of $1.79 billion, a PE ratio of 27.16, a price-to-earnings-growth ratio of 1.61 and a beta of 0.89. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. Sell-side analysts expect that CSG Systems International will post 3.44 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.95%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s dividend payout ratio is 52.86%.

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.