CSG Systems International, Inc. (NASDAQ:CSGS) Given Consensus Recommendation of “Buy” by Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has received a consensus rating of “Buy” from the eight brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $70.71.

A number of equities analysts have weighed in on the stock. Sidoti upgraded shares of CSG Systems International to a “strong-buy” rating in a research report on Monday, May 19th. Wells Fargo & Company dropped their price target on shares of CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen upgraded shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Sunday, June 29th.

CSG Systems International Stock Performance

Shares of NASDAQ CSGS opened at $66.03 on Friday. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.71 and a beta of 0.89. CSG Systems International has a 12-month low of $39.86 and a 12-month high of $67.60. The firm has a 50 day moving average of $63.90 and a 200 day moving average of $60.29. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.90.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. The business had revenue of $271.55 million during the quarter, compared to analyst estimates of $274.10 million. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.01 earnings per share. On average, research analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.28 annualized dividend and a dividend yield of 1.94%. CSG Systems International’s dividend payout ratio (DPR) is 43.69%.

Institutional Investors Weigh In On CSG Systems International

Several large investors have recently made changes to their positions in CSGS. Amundi increased its holdings in shares of CSG Systems International by 1.0% in the fourth quarter. Amundi now owns 18,027 shares of the technology company’s stock worth $910,000 after purchasing an additional 179 shares during the last quarter. River Road Asset Management LLC increased its holdings in shares of CSG Systems International by 18.7% in the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company’s stock worth $5,355,000 after purchasing an additional 16,519 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in CSG Systems International during the fourth quarter valued at $4,222,000. KLP Kapitalforvaltning AS purchased a new stake in CSG Systems International during the fourth quarter valued at $925,000. Finally, Martingale Asset Management L P raised its stake in CSG Systems International by 32.0% during the fourth quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company’s stock valued at $1,201,000 after purchasing an additional 5,700 shares in the last quarter. 91.07% of the stock is owned by 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.