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

CSG Systems International, Inc. (NASDAQ:CSGS) has earned a consensus rating of “Moderate Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $71.71.

CSGS has been the subject of several recent research reports. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Royal Bank of Canada raised their price target on CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research report on Thursday, February 6th. Stifel Nicolaus boosted their price target on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. Wells Fargo & Company increased their price objective on shares of CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 6th. Finally, Jefferies Financial Group began coverage on shares of CSG Systems International in a research report on Friday, February 21st. They issued a “buy” rating and a $75.00 target price for the company.

Insider Activity at CSG Systems International

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $2,768,793.82. This trade represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 3.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CSGS. Boston Trust Walden Corp grew its position in CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock worth $54,457,000 after acquiring an additional 88,216 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of CSG Systems International during the fourth quarter valued at about $4,222,000. Advisors Preferred LLC bought a new stake in shares of CSG Systems International during the fourth quarter worth about $1,300,000. River Road Asset Management LLC increased its stake in shares of CSG Systems International by 18.7% in the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company’s stock valued at $5,355,000 after buying an additional 16,519 shares during the period. Finally, Geode Capital Management LLC raised its holdings in CSG Systems International by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after buying an additional 4,903 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Stock Down 1.3 %

CSGS opened at $60.85 on Friday. The stock has a fifty day moving average of $61.07 and a 200-day moving average of $54.31. The company has a market capitalization of $1.75 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.68 and a beta of 0.85. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $67.60. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46.

CSG Systems International (NASDAQ:CSGS) last issued 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 net margin of 7.25% and a return on equity of 39.42%. On average, equities analysts expect that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s dividend payout ratio is 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.