CSG Systems International, Inc. (NASDAQ:CSGS) Receives $61.67 Consensus PT from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has received a consensus rating of “Moderate Buy” from the five research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $61.67.

A number of research firms have recently commented on CSGS. Royal Bank of Canada began coverage on shares of CSG Systems International in a research note on Wednesday, March 27th. They set an “outperform” rating and a $61.00 target price for the company. Wells Fargo & Company cut their target price on shares of CSG Systems International from $48.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, June 4th. Finally, Cantor Fitzgerald lowered their price target on shares of CSG Systems International from $63.00 to $62.00 and set an “overweight” rating on the stock in a research report on Thursday, May 2nd.

Hedge Funds Weigh In On CSG Systems International

Several large investors have recently made changes to their positions in CSGS. LSV Asset Management lifted its holdings in shares of CSG Systems International by 10.6% in the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock worth $74,955,000 after acquiring an additional 134,531 shares during the last quarter. Delphi Management Inc. MA purchased a new stake in CSG Systems International during the 1st quarter worth approximately $1,599,000. Lazard Asset Management LLC increased its stake in CSG Systems International by 116.2% during the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock worth $2,748,000 after buying an additional 28,666 shares during the period. Bahl & Gaynor Inc. increased its stake in CSG Systems International by 5.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock worth $27,070,000 after buying an additional 24,385 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in CSG Systems International by 48.6% during the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after buying an additional 14,682 shares during the period. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Trading Down 0.2 %

Shares of CSG Systems International stock opened at $41.00 on Tuesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a fifty day moving average price of $42.95 and a 200 day moving average price of $48.68. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $69.35. The stock has a market cap of $1.22 billion, a PE ratio of 18.72, a price-to-earnings-growth ratio of 1.25 and a beta of 0.83.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. The company had revenue of $270.07 million during the quarter, compared to analysts’ expectations of $271.66 million. Equities research analysts predict that CSG Systems International will post 3.29 earnings per share for the current year.

CSG Systems International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were issued a $0.30 dividend. The ex-dividend date was Friday, June 14th. This represents a $1.20 annualized dividend and a yield of 2.93%. CSG Systems International’s payout ratio is 54.79%.

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.