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

CSG Systems International, Inc. (NASDAQ:CSGS) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $71.17.

CSGS has been the topic of several research analyst reports. Stifel Nicolaus raised their price objective on shares of CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. StockNews.com downgraded shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Royal Bank of Canada lifted their price target on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a research note on Thursday, February 6th. Benchmark reiterated a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a research note on Tuesday, November 5th. Finally, Northland Securities reiterated an “outperform” rating and set a $80.00 price target (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Boston Trust Walden Corp boosted its stake in shares of CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after purchasing an additional 88,216 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CSG Systems International by 0.7% in the third 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. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of CSG Systems International by 0.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 389,369 shares of the technology company’s stock valued at $19,901,000 after buying an additional 1,420 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of CSG Systems International by 3.1% in the fourth quarter. New York State Common Retirement Fund now owns 169,880 shares of the technology company’s stock valued at $8,683,000 after buying an additional 5,034 shares during the last quarter. Finally, Dean Investment Associates LLC raised its holdings in shares of CSG Systems International by 116.1% in the third quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after buying an additional 64,066 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Trading Down 1.2 %

NASDAQ:CSGS opened at $62.32 on Thursday. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $65.53. The firm has a market cap 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. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The company’s 50 day moving average is $54.26 and its 200-day moving average is $50.80.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) 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%. Equities analysts anticipate that CSG Systems International will post 3.68 EPS for the current year.

CSG Systems International Increases Dividend

The company also recently announced 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. This represents a $1.28 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, March 19th. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s payout ratio is currently 39.47%.

About CSG Systems International

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.