Analysts Set CSG Systems International, Inc. (NASDAQ:CSGS) PT at $70.71

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $70.71.

A number of research analysts have issued reports on CSGS shares. StockNews.com downgraded CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 6th. Royal Bank of Canada increased their price target on shares of CSG Systems International from $58.00 to $69.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. Wells Fargo & Company cut their price objective on shares of CSG Systems International from $65.00 to $58.00 and set an “equal weight” rating for the company in a report on Tuesday, April 22nd. Northland Securities reissued an “outperform” rating and set a $80.00 target price (up from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Finally, Cantor Fitzgerald raised their target price on CSG Systems International from $64.00 to $72.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th.

CSG Systems International Trading Down 1.4%

Shares of CSG Systems International stock opened at $64.73 on Friday. CSG Systems International has a 1 year low of $39.56 and a 1 year high of $67.60. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.46 and a quick ratio of 1.58. The stock has a market cap of $1.88 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.68 and a beta of 0.87. The firm has a fifty day moving average price of $60.63 and a 200 day moving average price of $57.88.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.14. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. The business had revenue of $271.55 million during the quarter, compared to analyst estimates of $274.10 million. During the same quarter last year, the business posted $1.01 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Equities research analysts predict that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 19th were given a $0.32 dividend. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Wednesday, March 19th. This represents a $1.28 annualized dividend and a dividend yield of 1.98%. CSG Systems International’s dividend payout ratio (DPR) is 43.69%.

Insider Transactions at CSG Systems International

In related news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total value of $599,580.00. Following the sale, the director now directly owns 41,561 shares in the company, valued at approximately $2,768,793.82. The trade was a 17.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.60% of the company’s stock.

Hedge Funds Weigh In On CSG Systems International

Hedge funds have recently made changes to their positions in the company. Hillsdale Investment Management Inc. acquired a new stake in shares of CSG Systems International in the fourth quarter worth approximately $4,222,000. Boston Trust Walden Corp lifted its holdings in CSG Systems International by 9.0% in the 4th quarter. Boston Trust Walden Corp now owns 1,065,484 shares of the technology company’s stock valued at $54,457,000 after purchasing an additional 88,216 shares in the last quarter. Advisors Preferred LLC acquired a new stake in CSG Systems International during the 4th quarter worth $1,300,000. River Road Asset Management LLC grew its holdings in shares of CSG Systems International by 18.7% during the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company’s stock worth $5,355,000 after buying an additional 16,519 shares in the last quarter. Finally, Martingale Asset Management L P grew its holdings in shares of 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 worth $1,201,000 after buying an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

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.