CSG Systems International, Inc. (NASDAQ:CSGS) Receives $71.71 Average Target Price from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $71.71.

CSGS has been the topic of several recent research reports. Northland Securities reiterated an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a research report on Thursday, February 6th. Cantor Fitzgerald boosted their price target on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Royal Bank of Canada lifted their price objective on CSG Systems International from $58.00 to $69.00 and gave the company an “outperform” rating in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on CSG Systems International in a research report on Friday, February 21st. They set a “buy” rating and a $75.00 target price on the stock. Finally, Stifel Nicolaus lifted their price target on CSG Systems International from $60.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, February 6th.

CSG Systems International Price Performance

CSG Systems International stock opened at $59.53 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. CSG Systems International has a one year low of $39.56 and a one year high of $67.60. The company has a market cap of $1.72 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.68 and a beta of 0.85. The business has a fifty day moving average of $61.20 and a two-hundred day moving average of $54.53.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping 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%. As a group, analysts predict that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s dividend payout ratio (DPR) is 42.11%.

Insider Buying and Selling

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the business’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $66.62, for a total value of $599,580.00. Following the transaction, the director now owns 41,561 shares in the company, valued at $2,768,793.82. The trade was a 17.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.05% of the stock is currently owned by corporate insiders.

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently modified their holdings of CSGS. Boston Trust Walden Corp grew its stake in CSG Systems International by 9.0% during the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after purchasing an additional 88,216 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of CSG Systems International during the 4th quarter valued at approximately $4,222,000. Dean Investment Associates LLC grew its position 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 worth $5,801,000 after buying an additional 64,066 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of CSG Systems International during the fourth quarter worth approximately $1,300,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of CSG Systems International in the fourth quarter worth $925,000. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.