CSG Systems International (NASDAQ:CSGS) Coverage Initiated at Jefferies Financial Group

Jefferies Financial Group began 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 price target on the technology company’s stock.

A number of other research analysts have also weighed in on CSGS. Northland Securities reaffirmed an “outperform” rating and set a $80.00 target price (up previously from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Wells Fargo & Company lifted their target price on CSG Systems International from $51.00 to $65.00 and gave the company an “equal weight” rating in a report on Thursday, February 6th. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus boosted their price objective on CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Benchmark reissued a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.71.

CSG Systems International Trading Down 0.4 %

Shares of CSGS opened at $64.01 on Friday. The business has a 50-day moving average of $55.77 and a 200 day moving average of $51.79. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $65.53. The firm has a market cap 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 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 (NASDAQ:CSGS) last announced its quarterly earnings data on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. As a group, research analysts forecast that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th will be given a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, March 19th. This represents a $1.28 annualized dividend and a yield of 2.00%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.30. CSG Systems International’s payout ratio is presently 39.47%.

Hedge Funds Weigh In On CSG Systems International

Several hedge funds have recently made changes to their positions in CSGS. Cornercap Investment Counsel Inc. increased its stake in shares of CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after buying an additional 3,001 shares during the period. Quantbot Technologies LP purchased a new position in shares of CSG Systems International during the third quarter valued at approximately $294,000. Martingale Asset Management L P purchased a new position in shares of CSG Systems International during the third quarter valued at approximately $866,000. Dean Investment Associates LLC increased 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 buying an additional 64,066 shares during the period. 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 buying an additional 4,903 shares during the period. 91.07% of the stock is owned by hedge funds and other institutional investors.

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.