CSG Systems International (NASDAQ:CSGS) Earns Buy Rating from Analysts at Jefferies Financial Group

Jefferies Financial Group started coverage on shares of CSG Systems International (NASDAQ:CSGS) in a research report report published on Friday morning. The firm issued a buy rating and a $75.00 target price on the technology company’s stock.

Several other equities analysts have also recently weighed in on the stock. StockNews.com cut shares of CSG Systems International from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. Benchmark reissued a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a report on Tuesday, November 5th. Wells Fargo & Company lifted their target price on CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. Cantor Fitzgerald lifted their target price on CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Northland Securities reaffirmed an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, CSG Systems International has an average rating of “Moderate Buy” and a consensus target price of $71.71.

CSG Systems International Stock Performance

Shares of CSGS stock opened at $64.01 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The company has a market capitalization of $1.86 billion, a P/E ratio of 21.06, a price-to-earnings-growth ratio of 1.68 and a beta of 0.89. The company’s 50 day moving average price is $55.77 and its two-hundred day moving average price is $51.79. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $65.53.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. On average, analysts expect that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.00%. 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 dividend payout ratio is currently 39.47%.

Institutional Trading of CSG Systems International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. grew its position in shares of CSG Systems International by 39.8% during the 3rd quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock worth $513,000 after buying an additional 3,001 shares during the period. Quantbot Technologies LP bought a new position in shares of CSG Systems International in the 3rd quarter worth $294,000. Martingale Asset Management L P bought a new position in shares of CSG Systems International in the 3rd quarter worth $866,000. Dean Investment Associates LLC lifted its holdings in shares of 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 worth $5,801,000 after purchasing an additional 64,066 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of 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 worth $33,039,000 after purchasing an additional 4,903 shares in the last quarter. Institutional investors and hedge funds 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.