CSG Systems International, Inc. (NASDAQ:CSGS) Receives Average Rating of “Hold” from Brokerages

CSG Systems International, Inc. (NASDAQ:CSGS) has received an average rating of “Hold” from the twelve brokerages that are currently covering the company, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $73.8143.

CSGS has been the topic of several research analyst reports. Wall Street Zen lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. William Blair lowered CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Northland Securities cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Royal Bank Of Canada downgraded CSG Systems International from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $72.00 to $80.70 in a research report on Wednesday, October 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a research note on Wednesday, October 8th.

CSG Systems International Stock Performance

NASDAQ CSGS opened at $79.91 on Thursday. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.88 and a beta of 0.89. The stock has a 50-day moving average of $77.96 and a 200 day moving average of $70.32. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.86. CSG Systems International has a twelve month low of $53.69 and a twelve month high of $80.28.

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

CSG Systems International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, December 22nd. CSG Systems International’s dividend payout ratio is 43.39%.

Institutional Trading of CSG Systems International

Several large investors have recently bought and sold shares of the business. Covestor Ltd lifted its stake in CSG Systems International by 30.9% in the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after purchasing an additional 129 shares in the last quarter. GAMMA Investing LLC grew its position 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 purchasing an additional 210 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of CSG Systems International by 0.9% in the second quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock valued at $1,775,000 after purchasing an additional 241 shares during the last quarter. Foster Dykema Cabot & Partners LLC purchased a new position in CSG Systems International during the third quarter worth approximately $25,000. Finally, TD Private Client Wealth LLC boosted its stake in CSG Systems International by 18.4% during the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after buying an additional 390 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.

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.