Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) Target Price at $73.81

CSG Systems International, Inc. (NASDAQ:CSGS) has been given an average recommendation of “Hold” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $73.8143.

A number of equities analysts recently weighed in on CSGS shares. William Blair lowered shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Sidoti downgraded CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a research report on Wednesday, October 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of CSG Systems International in a report on Wednesday, October 8th. Wall Street Zen cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Benchmark lowered shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th.

CSG Systems International Price Performance

NASDAQ CSGS opened at $79.69 on Thursday. The stock has a 50-day moving average of $77.92 and a 200 day moving average of $70.17. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.89 and a beta of 0.89. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.50 and a current ratio of 1.50. CSG Systems International has a one year low of $53.69 and a one year high of $80.28.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. CSG Systems International had a return on equity of 42.54% and a net margin of 6.85%.The company had revenue of $303.62 million during the quarter, compared to analyst estimates of $278.76 million. On average, sell-side analysts forecast that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 6th. Investors of record on Monday, December 22nd were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. CSG Systems International’s dividend payout ratio (DPR) is presently 43.39%.

Institutional Investors Weigh In On CSG Systems International

Large investors have recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. bought a new stake in shares of CSG Systems International in the 2nd quarter valued at approximately $10,859,000. Fort Washington Investment Advisors Inc. OH raised its holdings in CSG Systems International by 28.7% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock valued at $24,295,000 after buying an additional 84,240 shares during the period. Lazard Asset Management LLC lifted its position in CSG Systems International by 75.7% in the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock worth $9,512,000 after buying an additional 62,763 shares during the last quarter. Marshall Wace LLP purchased a new position in CSG Systems International during the second quarter worth $3,321,000. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in CSG Systems International by 36.1% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock valued at $7,323,000 after acquiring an additional 30,150 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.