CSG Systems International, Inc. (NASDAQ:CSGS) Receives $65.60 Average PT from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has received an average rating of “Moderate Buy” from the six research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $71.17.

Several brokerages have weighed in on CSGS. Northland Securities reissued an “outperform” rating and set a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Royal Bank of Canada boosted their price objective on CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Cantor Fitzgerald boosted their price objective on CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. Finally, Stifel Nicolaus boosted their price objective on CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 6th.

Institutional Trading of CSG Systems International

Institutional investors and hedge funds have recently modified their holdings of the stock. Independence Bank of Kentucky acquired a new position in shares of CSG Systems International in the 4th quarter valued at approximately $80,000. TD Private Client Wealth LLC grew its position in shares of CSG Systems International by 38.0% in the 3rd 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 acquired a new position in shares of CSG Systems International in the 3rd quarter valued at approximately $294,000. Handelsbanken Fonder AB grew its position in shares of CSG Systems International by 15.9% in the 4th 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. grew its position in shares of CSG Systems International by 39.8% in the 3rd 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. 91.07% of the stock is owned by institutional investors.

CSG Systems International Stock Performance

CSG Systems International stock opened at $62.32 on Thursday. The stock has a 50-day simple moving average of $54.26 and a 200 day simple moving average of $50.80. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $65.53. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.77 and a beta of 0.89.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. On average, research analysts anticipate that CSG Systems International will post 3.68 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.32 dividend. The ex-dividend date is Wednesday, March 19th. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.05%. CSG Systems International’s dividend payout ratio is 39.47%.

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.