CSG Systems International, Inc. (NASDAQ:CSGS) Given Average Rating of "Hold" by Analysts

Key Points

• Analyst consensus: Hold — 10 analysts cover CSGS (nine hold, one buy) with an average 12‑month target of $72.43, below the stock's recent price (~$79.79).
• Earnings beat: CSG reported $1.53 EPS vs. $1.33 expected and revenue of $323.09M vs. $296.25M, and analysts forecast ~3.83 EPS for the year.
• Dividend raised to $0.34 quarterly (annualized $1.36) for a 1.7% yield, ex‑dividend March 18, with a payout ratio of ~64.3%.

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) have been assigned an average rating of "Hold" from the ten ratings firms that are covering the stock, MarketBeat reports. Nine analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $72.4250.

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

CSG Systems International Price Performance

CSG Systems International stock opened at $79.79 on Friday. The firm has a fifty day moving average of $79.56 and a 200-day moving average of $74.19. CSG Systems International has a 52-week low of $54.65 and a 52-week high of $80.67. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $2.27 billion, a P/E ratio of 40.10, a PEG ratio of 1.89 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last posted its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, beating 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 analyst estimates of $296.25 million. As a group, analysts predict that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Wednesday, March 18th. This is an increase from CSG Systems International's previous quarterly dividend of $0.32. CSG Systems International's dividend payout ratio (DPR) is 64.32%.

Hedge Funds Weigh In On CSG Systems International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of CSG Systems International by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company's stock valued at $31,261,000 after purchasing an additional 7,908 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of CSG Systems International by 28.7% in the third 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 during the period. Defiance ETFs LLC acquired a new stake in CSG Systems International during the 4th quarter valued at $11,874,000. Water Island Capital LLC acquired a new stake in CSG Systems International during the 4th quarter valued at $11,559,000. Finally, Lazard Asset Management LLC increased its stake in 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 buying an additional 62,763 shares during the period. Hedge funds and other institutional investors own 91.07% of the company's stock.

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.

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