CSG Systems International, Inc. (NASDAQ:CSGS) Receives $72.43 Average Price Target from Analysts

CSG Systems International, Inc. (NASDAQ:CSGS) has received an average rating of “Hold” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Nine analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $72.4250.

Separately, Weiss Ratings downgraded shares of CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research report on Monday, February 23rd.

CSG Systems International Stock Performance

Shares of CSG Systems International stock opened at $79.91 on Friday. CSG Systems International has a one year low of $54.65 and a one year high of $80.67. The company has a market cap of $2.28 billion, a PE ratio of 40.16, a P/E/G ratio of 1.89 and a beta of 0.87. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.44 and a current ratio of 1.44. The business has a 50-day simple moving average of $79.63 and a 200-day simple moving average of $74.46.

CSG Systems International (NASDAQ:CSGS) last released its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $323.09 million for the quarter, compared to analyst estimates of $296.25 million. On average, equities research analysts forecast that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Increases Dividend

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

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently bought and sold shares of CSGS. Covestor Ltd boosted its position in shares of CSG Systems International by 30.9% during the 3rd quarter. Covestor Ltd now owns 547 shares of the technology company’s stock worth $35,000 after acquiring an additional 129 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of CSG Systems International by 26.5% in the 4th quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company’s stock valued at $77,000 after acquiring an additional 210 shares during the last quarter. California State Teachers Retirement System raised its position 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 acquiring an additional 241 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its position in shares of CSG Systems International by 2.9% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 10,862 shares of the technology company’s stock worth $833,000 after acquiring an additional 304 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in CSG Systems International by 98.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company’s stock worth $57,000 after purchasing an additional 367 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

About CSG Systems International

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.