CSG Systems International, Inc. (NASDAQ:CSGS) Given Consensus Rating of “Moderate Buy” by Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $71.71.

A number of research analysts recently weighed in on CSGS shares. Benchmark reissued a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research report on Tuesday, November 5th. Jefferies Financial Group started coverage on shares of CSG Systems International in a research report on Friday, February 21st. They set a “buy” rating and a $75.00 price target on the stock. Stifel Nicolaus raised their price target on shares of CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada raised their price target on shares of CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th.

Insiders Place Their Bets

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total value of $599,580.00. Following the sale, the director now owns 41,561 shares of the company’s stock, valued at approximately $2,768,793.82. The trade was a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.05% of the company’s stock.

Institutional Trading of CSG Systems International

Several hedge funds have recently added to or reduced their stakes in the stock. Independence Bank of Kentucky bought a new stake in shares of CSG Systems International in the fourth quarter valued at approximately $80,000. TD Private Client Wealth LLC raised its position in shares of CSG Systems International by 38.0% in 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. Quantbot Technologies LP bought a new stake in shares of CSG Systems International in the third quarter valued at approximately $294,000. Handelsbanken Fonder AB raised its position in shares of CSG Systems International by 15.9% in the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after purchasing an additional 1,100 shares during the period. Finally, Cornercap Investment Counsel Inc. raised its position in shares of CSG Systems International by 39.8% in the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after purchasing an additional 3,001 shares during the period. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Stock Up 0.2 %

Shares of NASDAQ CSGS opened at $64.30 on Monday. The stock has a market capitalization of $1.85 billion, a P/E ratio of 21.15, a P/E/G ratio of 1.68 and a beta of 0.89. The company has a 50-day moving average price of $57.08 and a 200-day moving average price of $52.51. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $67.60. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. On average, equities research analysts forecast that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.32 dividend. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date is Wednesday, March 19th. This represents a $1.28 annualized dividend and a yield of 1.99%. CSG Systems International’s payout ratio is currently 42.11%.

CSG Systems International Company Profile

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.