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

CSG Systems International, Inc. (NASDAQ:CSGS) has been given an average rating of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $70.71.

Several equities analysts have commented on the stock. Wells Fargo & Company lowered their target price on shares of 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. Sidoti upgraded shares of CSG Systems International to a “strong-buy” rating in a report on Monday, May 19th. Finally, Jefferies Financial Group started coverage on CSG Systems International in a report on Friday, February 21st. They set a “buy” rating and a $75.00 target price on the stock.

Institutional Trading of CSG Systems International

A number of large investors have recently added to or reduced their stakes in the business. Fuller & Thaler Asset Management Inc. increased its holdings in shares of CSG Systems International by 18.9% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company’s stock valued at $82,075,000 after buying an additional 216,128 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of CSG Systems International in the 4th quarter worth $4,222,000. LSV Asset Management raised its position in shares of CSG Systems International by 6.0% during the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company’s stock worth $88,624,000 after purchasing an additional 82,344 shares during the period. GAMMA Investing LLC raised its position in shares of CSG Systems International by 6,481.5% during the first quarter. GAMMA Investing LLC now owns 37,975 shares of the technology company’s stock worth $2,296,000 after purchasing an additional 37,398 shares during the period. Finally, Uniplan Investment Counsel Inc. purchased a new stake in shares of CSG Systems International during the first quarter valued at $1,886,000. 91.07% of the stock is currently owned by institutional investors.

CSG Systems International Price Performance

Shares of NASDAQ:CSGS opened at $64.72 on Wednesday. The firm’s 50 day moving average is $61.93 and its two-hundred day moving average is $59.04. The firm has a market capitalization of $1.88 billion, a P/E ratio of 21.29, a PEG ratio of 1.68 and a beta of 0.90. The company has a current ratio of 1.46, a quick ratio of 1.58 and a debt-to-equity ratio of 1.88. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $67.60.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) 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 return on equity of 39.42% and a net margin of 7.25%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.01 EPS. Analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.98%. CSG Systems International’s payout ratio is currently 43.69%.

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.