CSG Systems International (NASDAQ:CSGS) Price Target Lowered to $43.00 at Wells Fargo & Company

CSG Systems International (NASDAQ:CSGSFree Report) had its target price trimmed by Wells Fargo & Company from $48.00 to $43.00 in a research report report published on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

CSGS has been the topic of a number of other reports. Royal Bank of Canada began coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They issued an outperform rating and a $61.00 price objective on the stock. Cantor Fitzgerald lowered their target price 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, CSG Systems International presently has an average rating of Moderate Buy and an average price target of $61.67.

Read Our Latest Analysis on CSG Systems International

CSG Systems International Price Performance

Shares of CSGS opened at $41.22 on Tuesday. CSG Systems International has a fifty-two week low of $41.11 and a fifty-two week high of $69.35. The firm’s 50 day moving average price is $45.88 and its 200 day moving average price is $49.94. The company has a market cap of $1.22 billion, a P/E ratio of 18.82, a PEG ratio of 1.31 and a beta of 0.83. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.98.

CSG Systems International (NASDAQ:CSGSGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.07. CSG Systems International had a net margin of 5.56% and a return on equity of 28.77%. The company had revenue of $270.07 million for the quarter, compared to the consensus estimate of $271.66 million. On average, research analysts forecast that CSG Systems International will post 3.29 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Friday, June 14th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Friday, June 14th. CSG Systems International’s dividend payout ratio is currently 54.79%.

Institutional Trading of CSG Systems International

Large investors have recently bought and sold shares of the business. Bahl & Gaynor Inc. boosted its stake in CSG Systems International by 5.0% during the 4th quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock worth $27,070,000 after purchasing an additional 24,385 shares during the period. LSV Asset Management boosted its stake in 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 period. BNP Paribas Financial Markets boosted its stake in CSG Systems International by 48.6% during the 4th quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock worth $2,389,000 after purchasing an additional 14,682 shares during the period. Boston Trust Walden Corp boosted its stake in CSG Systems International by 1.0% during the 4th quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company’s stock worth $44,281,000 after purchasing an additional 8,395 shares during the period. Finally, EMC Capital Management boosted its stake in CSG Systems International by 28.1% during the 1st quarter. EMC Capital Management now owns 4,808 shares of the technology company’s stock worth $248,000 after purchasing an additional 1,056 shares during the period. Institutional investors and hedge funds own 91.07% of the company’s stock.

About CSG Systems International

(Get Free Report)

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.

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Analyst Recommendations for CSG Systems International (NASDAQ:CSGS)

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