CSG Systems International, Inc. (NASDAQ:CSGS) Receives $73.81 Consensus PT from Analysts

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been given an average rating of “Hold” by the thirteen brokerages that are currently covering the firm, MarketBeat reports. Eight analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $73.8143.

A number of brokerages have recently weighed in on CSGS. Royal Bank Of Canada lowered CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $72.00 to $80.70 in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of CSG Systems International in a research report on Wednesday, October 8th. Sidoti cut shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a research report on Wednesday, October 29th. Oppenheimer lowered shares of CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. Finally, Benchmark downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a report on Wednesday, October 29th.

CSG Systems International Price Performance

Shares of CSGS opened at $76.69 on Friday. The company’s 50-day moving average is $76.66 and its 200-day moving average is $68.38. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market capitalization of $2.19 billion, a PE ratio of 26.00, a PEG ratio of 2.00 and a beta of 0.88. CSG Systems International has a fifty-two week low of $49.23 and a fifty-two week high of $79.20.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The business had revenue of $303.62 million for the quarter, compared to analyst estimates of $278.76 million. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. Equities analysts forecast that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, December 22nd. CSG Systems International’s payout ratio is 43.39%.

Institutional Trading of CSG Systems International

A number of institutional investors have recently modified their holdings of CSGS. Kendall Capital Management grew its stake in CSG Systems International by 27.7% during the second quarter. Kendall Capital Management now owns 60,335 shares of the technology company’s stock worth $3,940,000 after buying an additional 13,075 shares in the last quarter. Willis Investment Counsel lifted its holdings in shares of CSG Systems International by 91.2% during the 2nd quarter. Willis Investment Counsel now owns 35,341 shares of the technology company’s stock worth $2,308,000 after acquiring an additional 16,862 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of CSG Systems International during the 2nd quarter worth approximately $10,859,000. Wedge Capital Management L L P NC increased its stake in CSG Systems International by 43.2% in the third quarter. Wedge Capital Management L L P NC now owns 36,120 shares of the technology company’s stock valued at $2,325,000 after acquiring an additional 10,894 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in CSG Systems International by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock valued at $31,261,000 after purchasing an additional 7,908 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors.

About CSG Systems International

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.