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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned an average recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $70.71.

Several research analysts have issued reports on CSGS shares. Wall Street Zen raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 29th. Sidoti raised shares of CSG Systems International to a “strong-buy” rating in a report on Monday, May 19th. Finally, Wells Fargo & Company decreased their target price 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.

CSG Systems International Trading Up 0.4%

Shares of NASDAQ CSGS opened at $66.03 on Friday. CSG Systems International has a 1 year low of $39.86 and a 1 year high of $67.60. The stock has a market cap of $1.91 billion, a P/E ratio of 22.54, a price-to-earnings-growth ratio of 1.71 and a beta of 0.89. The firm has a 50-day moving average of $63.90 and a 200 day moving average of $60.29. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.55 and a quick ratio of 1.55.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.14. The business had revenue of $271.55 million during the quarter, compared to analysts’ expectations of $274.10 million. CSG Systems International had a net margin of 6.95% and a return on equity of 39.79%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.01 earnings per share. As a group, sell-side analysts expect that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

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

Institutional Trading of CSG Systems International

Large investors have recently made changes to their positions in the stock. USA Financial Formulas bought a new stake in CSG Systems International during the first quarter valued at approximately $48,000. TD Private Client Wealth LLC grew its position in CSG Systems International by 21.3% during the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company’s stock valued at $128,000 after buying an additional 373 shares during the period. Praxis Investment Management Inc. bought a new stake in CSG Systems International during the first quarter valued at approximately $206,000. SG Americas Securities LLC bought a new stake in CSG Systems International during the first quarter valued at approximately $315,000. Finally, Harbor Capital Advisors Inc. grew its position in CSG Systems International by 20.0% during the first quarter. Harbor Capital Advisors Inc. now owns 6,379 shares of the technology company’s stock valued at $386,000 after buying an additional 1,064 shares during the period. 91.07% of the stock is currently owned by institutional investors.

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.