CSG Systems International, Inc. (NASDAQ:CSGS) Receives $71.29 Consensus PT from Brokerages

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%.

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research 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 1-year price target among analysts that have updated their coverage on the stock in the last year is $71.2857.

Several brokerages recently commented on CSGS. Wolfe Research began coverage on CSG Systems International in a report on Tuesday, July 8th. They issued a "peer perform" rating for the company. Wall Street Zen raised 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 CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, August 8th.

CSG Systems International Stock Performance

Shares of CSGS traded up $0.07 during trading hours on Friday, hitting $66.21. The stock had a trading volume of 223,869 shares, compared to its average volume of 237,336. 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. The firm has a market capitalization of $1.90 billion, a PE ratio of 22.91, a PEG ratio of 1.71 and a beta of 0.93. The stock has a fifty day moving average price of $63.42 and a 200 day moving average price of $62.65.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.04 by $0.12. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%.The company had revenue of $271.26 million during the quarter, compared to analyst estimates of $267.41 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. CSG Systems International's revenue was up 2.3% compared to the same quarter last year. Analysts anticipate that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Announces Dividend

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

Institutional Trading of CSG Systems International

Several hedge funds have recently bought and sold shares of CSGS. Fuller & Thaler Asset Management Inc. grew its holdings in CSG Systems International by 18.9% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,357,287 shares of the technology company's stock valued at $82,075,000 after purchasing an additional 216,128 shares during the period. Hennessy Advisors Inc. bought a new position in shares of CSG Systems International in the second quarter worth about $10,859,000. LSV Asset Management boosted its stake in shares of CSG Systems International by 6.0% in the first quarter. LSV Asset Management now owns 1,465,588 shares of the technology company's stock worth $88,624,000 after acquiring an additional 82,344 shares during the period. Lazard Asset Management LLC boosted its stake in shares of CSG Systems International by 75.7% in the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company's stock worth $9,512,000 after acquiring an additional 62,763 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of CSG Systems International by 198.6% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 83,600 shares of the technology company's stock worth $5,460,000 after acquiring an additional 55,600 shares during the period. Institutional investors own 91.07% of the company's stock.

About CSG Systems International

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.