CSG Systems International, Inc. (NASDAQ:CSGS) Given Consensus Rating of “Moderate Buy” by Brokerages

CSG Systems International, Inc. (NASDAQ:CSGS) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $61.60.

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

Hedge Funds Weigh In On CSG Systems International

Institutional investors and hedge funds have recently bought and sold shares of the stock. TD Private Client Wealth LLC boosted 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 valued at $104,000 after buying an additional 586 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of CSG Systems International by 20.3% during the third quarter. Central Pacific Bank Trust Division now owns 3,611 shares of the technology company’s stock worth $176,000 after buying an additional 610 shares in the last quarter. SG Americas Securities LLC grew its position in shares of CSG Systems International by 88.0% during the first quarter. SG Americas Securities LLC now owns 3,627 shares of the technology company’s stock worth $187,000 after buying an additional 1,698 shares in the last quarter. EMC Capital Management grew its position in shares of CSG Systems International by 28.1% during the first quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after buying an additional 1,056 shares in the last quarter. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of CSG Systems International during the second quarter worth approximately $243,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 1.5 %

NASDAQ CSGS opened at $55.27 on Friday. CSG Systems International has a 12 month low of $39.56 and a 12 month high of $57.15. The company has a 50-day moving average of $49.38 and a 200-day moving average of $45.64. 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 company has a market cap of $1.61 billion, a P/E ratio of 24.35, a P/E/G 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 EPS 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 company had revenue of $295.14 million during the quarter, compared to the consensus estimate of $283.13 million. During the same quarter in the prior year, the company posted $0.74 EPS. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, equities analysts predict that CSG Systems International will post 3.48 earnings per share for the current year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Wednesday, December 18th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend is Wednesday, December 18th. CSG Systems International’s dividend payout ratio 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.