CSG Systems International, Inc. (NASDAQ:CSGS) Receives $71.29 Average Target Price from Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have 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 1 year price target among analysts that have updated their coverage on the stock in the last year is $71.2857.

A number of brokerages have commented on CSGS. Stifel Nicolaus increased their target price on CSG Systems International from $66.00 to $70.00 and gave the company a “buy” rating in a report on Friday, August 8th. Wolfe Research began coverage on CSG Systems International in a report on Tuesday, July 8th. They set a “peer perform” rating on the stock. Finally, Wall Street Zen upgraded CSG Systems International from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 29th.

CSG Systems International Stock Performance

CSGS opened at $66.14 on Friday. The stock has a market cap of $1.90 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.71 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. The stock’s 50 day simple moving average is $63.34 and its 200 day simple moving average is $62.63. CSG Systems International has a 1-year low of $46.17 and a 1-year high of $67.60.

CSG Systems International (NASDAQ:CSGS) last released its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.12. The business had revenue of $271.26 million for the quarter, compared to analysts’ expectations of $267.41 million. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. As a group, equities analysts anticipate that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 19th. CSG Systems International’s dividend payout ratio is 44.29%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Lazard Asset Management LLC lifted its stake in shares of CSG Systems International by 75.7% during the 2nd quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after purchasing an additional 62,763 shares during the period. California State Teachers Retirement System lifted its stake in shares of CSG Systems International by 0.9% during the 2nd quarter. California State Teachers Retirement System now owns 27,174 shares of the technology company’s stock worth $1,775,000 after purchasing an additional 241 shares during the period. Jump Financial LLC purchased a new position in shares of CSG Systems International during the 2nd quarter worth $240,000. Marshall Wace LLP purchased a new position in shares of CSG Systems International during the 2nd quarter worth $3,321,000. Finally, River Road Asset Management LLC raised its position in shares of CSG Systems International by 3.0% in the 2nd quarter. River Road Asset Management LLC now owns 99,152 shares of the technology company’s stock worth $6,193,000 after buying an additional 2,884 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.

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.