CSG Systems International (NASDAQ:CSGS) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of CSG Systems International (NASDAQ:CSGS) from a buy rating to a strong-buy rating in a report issued on Monday morning.

A number of other brokerages have also recently weighed in on CSGS. Royal Bank of Canada increased their price target on CSG Systems International from $52.00 to $58.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased their target price on CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 7th. Finally, Benchmark reissued a “buy” rating and set a $75.00 price target on shares of CSG Systems International in a report on Tuesday, November 5th. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $62.00.

CSG Systems International Stock Performance

Shares of CSGS opened at $50.79 on Monday. The stock has a market capitalization of $1.48 billion, a PE ratio of 22.37, a price-to-earnings-growth ratio of 1.57 and a beta of 0.88. The business’s fifty day moving average price is $53.14 and its 200 day moving average price is $48.62. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.58 and a quick ratio of 1.58. CSG Systems International has a 12-month low of $39.56 and a 12-month high of $57.15.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $1.06 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $295.14 million for the quarter, compared to the consensus estimate of $283.13 million. During the same period last year, the firm posted $0.74 EPS. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. Equities research analysts forecast that CSG Systems International will post 3.48 EPS for the current year.

CSG Systems International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Wednesday, December 18th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.36%. The ex-dividend date was Wednesday, December 18th. CSG Systems International’s dividend payout ratio is currently 52.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CSGS. Dean Investment Associates LLC raised its stake in shares of CSG Systems International by 116.1% during the third 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 in the last quarter. Martingale Asset Management L P bought a new stake in shares of CSG Systems International during the 3rd quarter worth about $866,000. SG Americas Securities LLC acquired a new stake in shares of CSG Systems International in the 3rd quarter worth approximately $840,000. Quantbot Technologies LP bought a new position in shares of CSG Systems International in the third quarter valued at approximately $294,000. Finally, Geode Capital Management LLC increased its stake in shares of CSG Systems International by 0.7% during the third quarter. Geode Capital Management LLC now owns 678,994 shares of the technology company’s stock valued at $33,039,000 after acquiring an additional 4,903 shares during the period. Institutional investors own 91.07% of the company’s stock.

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.