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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $72.4250.

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

Institutional Investors Weigh In On CSG Systems International

Large investors have recently modified their holdings of the stock. Fort Washington Investment Advisors Inc. OH grew its stake 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 purchasing an additional 84,240 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt grew its stake in CSG Systems International by 36.1% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 113,750 shares of the technology company’s stock valued at $7,323,000 after purchasing an additional 30,150 shares in the last quarter. Hillsdale Investment Management Inc. grew its stake in CSG Systems International by 12.7% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 120,300 shares of the technology company’s stock valued at $7,745,000 after purchasing an additional 13,600 shares in the last quarter. Wedge Capital Management L L P NC grew its stake in CSG Systems International by 43.2% during the 3rd quarter. Wedge Capital Management L L P NC now owns 36,120 shares of the technology company’s stock valued at $2,325,000 after purchasing an additional 10,894 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in CSG Systems International by 344.6% during the 3rd quarter. SG Americas Securities LLC now owns 10,688 shares of the technology company’s stock valued at $688,000 after purchasing an additional 8,284 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

CSG Systems International Price Performance

CSGS stock opened at $80.05 on Tuesday. The company has a debt-to-equity ratio of 1.90, a quick ratio of 1.44 and a current ratio of 1.44. CSG Systems International has a 1 year low of $54.65 and a 1 year high of $80.67. The firm has a market cap of $2.28 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 2.05 and a beta of 0.87. The stock has a 50-day simple moving average of $79.85 and a 200-day simple moving average of $76.17.

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

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from CSG Systems International’s previous quarterly dividend of $0.32. The ex-dividend date was Wednesday, March 18th. CSG Systems International’s payout ratio is 68.34%.

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.