CSG Systems International, Inc. (NASDAQ:CSGS) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $70.71.

A number of analysts recently issued reports on the company. StockNews.com lowered CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Stifel Nicolaus increased their price target on CSG Systems International from $60.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, February 6th. Wells Fargo & Company cut their price target on CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Northland Securities reiterated an “outperform” rating and set a $80.00 target price (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Finally, Jefferies Financial Group initiated coverage on shares of CSG Systems International in a report on Friday, February 21st. They issued a “buy” rating and a $75.00 price target for the company.

CSG Systems International Stock Performance

CSGS stock opened at $59.10 on Tuesday. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $67.60. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 1.68 and a beta of 0.91. The business’s fifty day simple moving average is $60.98 and its two-hundred day simple moving average is $56.17. The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, February 5th. The technology company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.20 by $0.20. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. Analysts predict that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 19th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 2.17%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date was Wednesday, March 19th. CSG Systems International’s dividend payout ratio is presently 42.11%.

Insider Transactions at CSG Systems International

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 41,561 shares in the company, valued at $2,768,793.82. This trade represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.05% of the company’s stock.

Hedge Funds Weigh In On CSG Systems International

A number of large investors have recently made changes to their positions in CSGS. Kendall Capital Management grew its stake in CSG Systems International by 2.7% during the 1st quarter. Kendall Capital Management now owns 47,260 shares of the technology company’s stock worth $2,858,000 after buying an additional 1,235 shares during the last quarter. Praxis Investment Management Inc. acquired a new position in shares of CSG Systems International during the first quarter valued at about $206,000. Willis Investment Counsel raised its position in shares of CSG Systems International by 13.5% in the 1st quarter. Willis Investment Counsel now owns 18,479 shares of the technology company’s stock valued at $1,117,000 after purchasing an additional 2,203 shares during the last quarter. USA Financial Formulas acquired a new stake in CSG Systems International in the 1st quarter worth approximately $48,000. Finally, SG Americas Securities LLC purchased a new stake in CSG Systems International during the 1st quarter worth approximately $315,000. 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.