CSG Systems International, Inc. (NASDAQ:CSGS) Receives $72.94 Consensus Price Target from Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given an average recommendation of “Hold” by the ten research firms that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $72.4250.

A number of brokerages have recently issued reports on CSGS. Benchmark cut CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th. Wall Street Zen cut CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Royal Bank Of Canada lowered CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from $72.00 to $80.70 in a research note on Wednesday, October 29th. Oppenheimer cut CSG Systems International to a “market perform” rating in a report on Wednesday, October 29th. Finally, Sidoti lowered shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price on the stock. in a report on Wednesday, October 29th.

CSG Systems International Stock Up 0.4%

Shares of CSGS stock opened at $79.93 on Monday. CSG Systems International has a one year low of $54.65 and a one year high of $80.67. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.44 and a quick ratio of 1.44. The stock has a fifty day moving average price of $78.74 and a 200 day moving average price of $72.67. The stock has a market cap of $2.28 billion, a P/E ratio of 40.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.53 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. The company had revenue of $323.09 million during the quarter, compared to the consensus estimate of $296.25 million. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. Analysts predict that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be paid a dividend of $0.34 per share. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, March 18th. CSG Systems International’s payout ratio is currently 64.32%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Foster Dykema Cabot & Partners LLC bought a new stake in CSG Systems International during the 3rd quarter worth approximately $25,000. Covestor Ltd grew its holdings in shares of CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after purchasing an additional 129 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of CSG Systems International by 98.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock valued at $57,000 after buying an additional 367 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of CSG Systems International by 108.0% in the fourth quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company’s stock valued at $65,000 after buying an additional 443 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of CSG Systems International by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after buying an additional 210 shares during the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.