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

CSG Systems International, Inc. (NASDAQ:CSGS) has been given an average recommendation of “Moderate Buy” by the five analysts that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $61.60.

Several research analysts have recently issued reports on CSGS shares. StockNews.com upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Friday, November 15th. Benchmark restated a “buy” rating and issued a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Cantor Fitzgerald upped their target price on shares of CSG Systems International from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Thursday, August 8th. Royal Bank of Canada upped their target price on shares of CSG Systems International from $52.00 to $58.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their target price on shares of CSG Systems International from $43.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, November 7th.

CSG Systems International Trading Down 0.7 %

NASDAQ CSGS opened at $54.82 on Friday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 1.84. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $57.15. The stock has a market capitalization of $1.59 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.60 and a beta of 0.82. The firm has a 50 day moving average of $50.02 and a two-hundred day moving average of $46.02.

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

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Wednesday, December 18th will be given a $0.30 dividend. The ex-dividend date is Wednesday, December 18th. This represents a $1.20 annualized dividend and a yield of 2.19%. CSG Systems International’s dividend payout ratio (DPR) is 52.86%.

Institutional Trading of CSG Systems International

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

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.