Zacks: CSG Systems International, Inc. (CSGS) Given $47.00 Average Price Target by Brokerages
Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation. CSG Systems International’s rating score has improved by 40.1% in the last 90 days as a result of various analysts’ ratings changes.
Brokerages have set a one year consensus price objective of $47.00 for the company and are expecting that the company will post $0.78 EPS for the current quarter, according to Zacks. Zacks has also given CSG Systems International an industry rank of 42 out of 257 based on the ratings given to its competitors.
Several research firms have recently weighed in on CSGS. Zacks Investment Research upgraded shares of CSG Systems International from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, November 15th. ValuEngine upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. BidaskClub upgraded shares of CSG Systems International from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Finally, Sidoti assumed coverage on shares of CSG Systems International in a research note on Wednesday, August 15th. They issued a “buy” rating and a $50.00 price target on the stock.
CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, November 7th. The technology company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.14. The company had revenue of $213.00 million for the quarter, compared to analyst estimates of $216.87 million. CSG Systems International had a net margin of 7.23% and a return on equity of 21.86%. CSG Systems International’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 EPS. As a group, equities research analysts forecast that CSG Systems International will post 2.46 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 20th. Shareholders of record on Wednesday, December 5th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Tuesday, December 4th. CSG Systems International’s dividend payout ratio is currently 41.58%.
A number of hedge funds and other institutional investors have recently bought and sold shares of CSGS. First Hawaiian Bank bought a new stake in CSG Systems International in the 3rd quarter valued at about $187,000. Raymond James Trust N.A. bought a new stake in CSG Systems International in the 3rd quarter valued at about $215,000. Paloma Partners Management Co bought a new stake in CSG Systems International in the 3rd quarter valued at about $264,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in CSG Systems International in the 2nd quarter valued at about $272,000. Finally, Xact Kapitalforvaltning AB boosted its holdings in CSG Systems International by 29.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,130 shares of the technology company’s stock valued at $278,000 after purchasing an additional 1,400 shares during the period. 98.04% of the stock is owned by hedge funds and other institutional investors.
CSG Systems International Company Profile
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company's services include Advanced Convergent Platform, a billing and customer care platform for cable and satellite providers; Ascendon, a software-as-a-service cloud-based platform that provides a trusted path to digital transformation; and Singleview solution to deliver real-time charging services.
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