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

CSG Systems International, Inc. (NASDAQ:CSGS) has earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $61.60.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. TD Private Client Wealth LLC raised its stake in shares of 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. Geode Capital Management LLC raised its stake 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 purchasing an additional 4,903 shares during the last quarter. Dean Investment Associates LLC raised its stake in CSG Systems International by 116.1% in the 3rd quarter. Dean Investment Associates LLC now owns 119,248 shares of the technology company’s stock valued at $5,801,000 after purchasing an additional 64,066 shares during the last quarter. Martingale Asset Management L P acquired a new position in CSG Systems International in the 3rd quarter valued at about $866,000. Finally, Quantbot Technologies LP acquired a new position in CSG Systems International in the 3rd quarter valued at about $294,000. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Stock Performance

NASDAQ:CSGS opened at $55.27 on Friday. The firm’s fifty day moving average price is $49.38 and its 200 day moving average price is $45.64. CSG Systems International has a 1-year low of $39.56 and a 1-year high of $57.15. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 24.35, a price-to-earnings-growth ratio of 1.56 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, November 6th. The technology company reported $1.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.06. CSG Systems International had a net margin of 5.52% and a return on equity of 32.77%. The firm had revenue of $295.14 million for the quarter, compared to analyst estimates of $283.13 million. During the same period last year, the firm posted $0.74 EPS. CSG Systems International’s quarterly revenue was up 2.9% on a year-over-year basis. On average, sell-side analysts expect that CSG Systems International will post 3.48 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Wednesday, December 18th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, December 18th. CSG Systems International’s dividend payout ratio (DPR) is presently 52.86%.

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.