CSG Systems International Inc. (CSGS) Price Target Cut to $47.00 by Analysts at Stifel Nicolaus
Separately, Zacks Investment Research upgraded CSG Systems International from a sell rating to a hold rating in a research note on Thursday, May 26th.
CSG Systems International (NASDAQ:CSGS) traded down 2.90% during mid-day trading on Thursday, hitting $42.84. The company had a trading volume of 20,326 shares. CSG Systems International has a 52 week low of $30.06 and a 52 week high of $46.54. The firm’s 50 day moving average is $42.59 and its 200 day moving average is $42.31. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 19.76 and a beta of 0.81.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.08. The company had revenue of $190.30 million for the quarter, compared to the consensus estimate of $185.50 million. CSG Systems International had a return on equity of 31.47% and a net margin of 9.56%. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 EPS. On average, equities research analysts predict that CSG Systems International will post $2.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Wednesday, September 14th will be paid a dividend of $0.185 per share. The ex-dividend date is Monday, September 12th. This represents a $0.74 annualized dividend and a yield of 1.68%. CSG Systems International’s dividend payout ratio is 34.10%.
In other CSG Systems International news, insider Rolland B. Johns sold 1,099 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $40.31, for a total transaction of $44,300.69. Following the sale, the insider now directly owns 23,305 shares in the company, valued at approximately $939,424.55. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.25% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of CSG Systems International during the fourth quarter valued at approximately $15,982,000. Aperio Group LLC increased its position in CSG Systems International by 32.9% in the first quarter. Aperio Group LLC now owns 13,765 shares of the company’s stock worth $622,000 after buying an additional 3,404 shares during the period. Pacad Investment Ltd. purchased a new position in CSG Systems International during the first quarter worth about $325,000. TIAA CREF Investment Management LLC increased its position in CSG Systems International by 49.0% in the first quarter. TIAA CREF Investment Management LLC now owns 160,144 shares of the company’s stock worth $7,232,000 after buying an additional 52,674 shares during the period. Finally, Teachers Advisors Inc. increased its position in CSG Systems International by 31.4% in the first quarter. Teachers Advisors Inc. now owns 66,870 shares of the company’s stock worth $3,020,000 after buying an additional 15,973 shares during the period.
About CSG Systems International
CSG Systems International, Inc is a provider of business support solutions primarily serving the communications industry. The Company’s solutions coordinate and manage various aspects of service providers’ customer interactions, from the activation of customer accounts, to the support of various service activities, and through the presentment, collection and accounts receivables management of monthly customer statements.
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