CSG Systems International, Inc. (NASDAQ:CSGS) Receives Average Recommendation of “Hold” from Analysts

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned an average recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $72.94.

CSGS has been the subject of several research reports. Wall Street Zen downgraded shares of CSG Systems International from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Benchmark cut shares of CSG Systems International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada downgraded CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their price target for the company from $72.00 to $80.70 in a report on Wednesday, October 29th. Oppenheimer cut CSG Systems International to a “market perform” rating in a research note on Wednesday, October 29th. Finally, Northland Securities lowered CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th.

Hedge Funds Weigh In On CSG Systems International

Institutional investors have recently made changes to their positions in the business. Carmignac Gestion bought a new position in CSG Systems International during the 4th quarter worth approximately $7,907,000. Fort Washington Investment Advisors Inc. OH raised its position in shares of 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 acquiring an additional 84,240 shares in the last quarter. ABC Arbitrage SA bought a new position in CSG Systems International during the fourth quarter worth $6,406,000. Marshall Wace LLP boosted its holdings in CSG Systems International by 158.4% in the fourth quarter. Marshall Wace LLP now owns 131,286 shares of the technology company’s stock worth $10,068,000 after purchasing an additional 80,476 shares during the period. Finally, Gabelli Funds LLC bought a new stake in CSG Systems International during the fourth quarter valued at $6,064,000. 91.07% of the stock is owned by institutional investors and hedge funds.

CSG Systems International Stock Up 0.1%

Shares of NASDAQ:CSGS opened at $79.66 on Monday. The company has a current ratio of 1.44, a quick ratio of 1.50 and a debt-to-equity ratio of 1.90. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 1.88 and a beta of 0.88. The stock’s 50-day moving average price is $78.45 and its two-hundred day moving average price is $72.04. CSG Systems International has a 12-month low of $54.65 and a 12-month high of $80.67.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.20. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. The business had revenue of $323.09 million for the quarter, compared to analysts’ expectations of $296.25 million. On average, research analysts forecast that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, March 18th. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.32. CSG Systems International’s dividend payout ratio (DPR) is 64.32%.

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.