CSG Systems International, Inc. (NASDAQ:CSGS) Receives $62.50 Consensus Price Target from Analysts

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $62.50.

CSGS has been the topic of several recent research reports. Royal Bank of Canada started coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They set an “outperform” rating and a $61.00 price objective on the stock. Cantor Fitzgerald decreased their price objective on shares of CSG Systems International from $63.00 to $62.00 and set an “overweight” rating for the company in a report on Thursday, May 2nd. Finally, Wells Fargo & Company cut their target price on CSG Systems International from $50.00 to $48.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd.

CSG Systems International Price Performance

CSGS opened at $41.57 on Monday. The stock has a fifty day moving average price of $49.56 and a 200 day moving average price of $50.82. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 1.98. CSG Systems International has a 1 year low of $41.48 and a 1 year high of $69.35. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.27 and a beta of 0.83.

CSG Systems International (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. CSG Systems International had a return on equity of 28.77% and a net margin of 5.56%. The business had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million. Analysts forecast that CSG Systems International will post 3.29 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were given a dividend of $0.30 per share. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.89%. CSG Systems International’s payout ratio is currently 54.79%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently made changes to their positions in the business. LSV Asset Management lifted its position in shares of CSG Systems International by 10.6% during the 4th quarter. LSV Asset Management now owns 1,408,672 shares of the technology company’s stock worth $74,955,000 after purchasing an additional 134,531 shares during the last quarter. Bahl & Gaynor Inc. lifted its holdings in shares of CSG Systems International by 8.1% during the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company’s stock worth $24,761,000 after buying an additional 36,488 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of CSG Systems International by 48.6% in the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after acquiring an additional 14,682 shares during the period. Boston Trust Walden Corp increased its position in CSG Systems International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after acquiring an additional 8,395 shares during the period. Finally, Quantbot Technologies LP boosted its holdings in CSG Systems International by 31.8% in the 1st quarter. Quantbot Technologies LP now owns 19,037 shares of the technology company’s stock valued at $981,000 after purchasing an additional 4,590 shares during the period. 91.07% of the stock is owned by institutional investors and hedge funds.

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.