Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) Target Price at $61.60

CSG Systems International, Inc. (NASDAQ:CSGS) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $61.60.

CSGS has been the topic of several analyst reports. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 15th. Wells Fargo & Company boosted their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 7th. Cantor Fitzgerald boosted their price objective on shares of CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. Royal Bank of Canada boosted their price objective on shares of CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and issued a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th.

Hedge Funds Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently bought and sold shares of the company. TD Private Client Wealth LLC raised its holdings in shares of CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares during the period. Central Pacific Bank Trust Division raised its holdings in shares of CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock valued at $176,000 after purchasing an additional 610 shares during the period. SG Americas Securities LLC raised its holdings in shares of CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock valued at $187,000 after purchasing an additional 1,698 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of CSG Systems International during the second quarter valued at about $243,000. Finally, EMC Capital Management raised its holdings in shares of CSG Systems International by 28.1% during the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock valued at $248,000 after purchasing an additional 1,056 shares during the period. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Up 0.6 %

Shares of CSGS opened at $55.51 on Friday. The firm has a 50 day simple moving average of $49.74 and a two-hundred day simple moving average of $45.82. The company has a market cap of $1.61 billion, a P/E ratio of 24.45, a P/E/G ratio of 1.59 and a beta of 0.82. CSG Systems International has a one year low of $39.56 and a one year high of $57.15. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last posted its earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.06. The firm had revenue of $295.14 million for the quarter, compared to analysts’ expectations of $283.13 million. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Research analysts forecast that CSG Systems International will post 3.48 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 2.16%. CSG Systems International’s payout ratio is 52.86%.

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.