CSG Systems International, Inc. (CSGS) To Go Ex-Dividend on March 19th

CSG Systems International, Inc. (NASDAQ:CSGS) announced a quarterly dividend on Sunday, March 16th, Wall Street Journal reports. Stockholders of record on Wednesday, March 19th will be given a dividend of 0.32 per share by the technology company on Wednesday, April 2nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Wednesday, March 19th. This is a 6.7% increase from CSG Systems International’s previous quarterly dividend of $0.30.

CSG Systems International has increased its dividend payment by an average of 6.3% per year over the last three years and has increased its dividend every year for the last 12 years. CSG Systems International has a payout ratio of 25.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CSG Systems International to earn $4.18 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 30.6%.

CSG Systems International Trading Up 2.0 %

CSG Systems International stock opened at $60.67 on Monday. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The company’s fifty day simple moving average is $59.30 and its 200-day simple moving average is $53.57. The stock has a market cap of $1.75 billion, a P/E ratio of 19.96, a P/E/G ratio of 1.68 and a beta of 0.85. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $67.60.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. As a group, sell-side analysts forecast that CSG Systems International will post 3.83 EPS for the current fiscal year.

Insiders Place Their Bets

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was 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 approximately $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 SEC, which can be accessed through this link. Company insiders own 3.05% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CSGS shares. Northland Securities reaffirmed an “outperform” rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Stifel Nicolaus boosted their price target on CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Cantor Fitzgerald raised their price objective on shares of CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Jefferies Financial Group began coverage on CSG Systems International in a report on Friday, February 21st. They issued a “buy” rating and a $75.00 target price on the stock. Finally, Royal Bank of Canada lifted their price objective on CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, CSG Systems International currently has a consensus rating of “Moderate Buy” and an average target price of $71.71.

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.