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

CSG Systems International, Inc. (NASDAQ:CSGS) has earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $58.80.

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

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $48.15 on Thursday. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $55.64. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95. The stock has a 50 day simple moving average of $46.92 and a 200 day simple moving average of $45.26. The stock 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.

CSG Systems International (NASDAQ:CSGS) last released 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. The firm had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.61 EPS. Research analysts anticipate that CSG Systems International will post 3.43 earnings per share for the current year.

CSG Systems International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.30 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.20 annualized dividend and a dividend yield of 2.49%. CSG Systems International’s payout ratio is 54.79%.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Central Pacific Bank Trust Division increased its stake in shares of CSG Systems International by 20.3% in the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after buying an additional 610 shares during the period. EMC Capital Management increased its stake in shares of CSG Systems International by 28.1% in the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after buying an additional 1,056 shares during the period. BNP Paribas Financial Markets increased its stake in shares of 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 during the period. SG Americas Securities LLC increased its stake in shares of CSG Systems International by 88.0% in 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. Finally, Sciencast Management LP acquired a new stake in shares of CSG Systems International in the first quarter valued at about $233,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.