CSG Systems International, Inc. (NASDAQ:CSGS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• CSG Systems International, Inc. has received a consensus recommendation of "Moderate Buy" from nine analysts, with an average 1-year price target of $71.29.
• The company recently reported earnings per share of $1.16 for the quarter, exceeding estimates and showing a 2.3% increase in revenue compared to the previous year.
• CSG Systems International announced a quarterly dividend of $0.32 per share, with a yield of 1.9% and a dividend payout ratio of 44.29%.

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $71.2857.

Several equities research analysts have recently issued reports on the stock. Wolfe Research assumed coverage on shares of CSG Systems International in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Wall Street Zen upgraded shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Finally, Stifel Nicolaus lifted their price objective on shares of CSG Systems International from $66.00 to $70.00 and gave the company a "buy" rating in a report on Friday, August 8th.

CSG Systems International Trading Down 1.3%

Shares of CSG Systems International stock traded down $0.87 during trading on Friday, hitting $66.14. The stock had a trading volume of 1,215,689 shares, compared to its average volume of 187,108. The firm's fifty day simple moving average is $63.34 and its 200-day simple moving average is $62.64. The stock has a market cap of $1.90 billion, a PE ratio of 22.89, a PEG ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.56 and a quick ratio of 1.56. CSG Systems International has a 12 month low of $46.17 and a 12 month high of $67.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.12. The firm had revenue of $271.26 million during the quarter, compared to analyst estimates of $267.41 million. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The business's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business earned $1.02 EPS. As a group, sell-side analysts expect that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 19th will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. CSG Systems International's dividend payout ratio (DPR) is presently 44.29%.

Institutional Investors Weigh In On CSG Systems International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CSGS. Fuller & Thaler Asset Management Inc. lifted its holdings in CSG Systems International by 18.9% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company's stock valued at $82,075,000 after buying an additional 216,128 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in CSG Systems International during the 2nd quarter valued at about $10,859,000. LSV Asset Management lifted its holdings in CSG Systems International by 6.0% during the 1st quarter. LSV Asset Management now owns 1,465,588 shares of the technology company's stock valued at $88,624,000 after buying an additional 82,344 shares in the last quarter. Lazard Asset Management LLC increased its position 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 valued at $9,512,000 after purchasing an additional 62,763 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its position in CSG Systems International by 198.6% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 83,600 shares of the technology company's stock valued at $5,460,000 after purchasing an additional 55,600 shares during the period. Institutional investors own 91.07% of the company's stock.

CSG Systems International Company Profile

CSG Systems International, Inc, together with its subsidiaries, provides revenue management and digital monetization, customer experience, and payment solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers Advanced Convergent Platform, a private SaaS platform; and related solutions, including service technician management, analytics, electronic bill presentment, etc.