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

Key Points

• CSG Systems International, Inc. has received an average recommendation of “Moderate Buy” from ten analysts, with one strong buy, seven buys, and two holds.
• The company reported an earnings per share of $1.16 for the last quarter, surpassing analysts' expectations and achieving a revenue of $271.26 million.
• CSG Systems announced a quarterly dividend of $0.32 per share, with an annualized dividend yield of 2.0% and a payout ratio of 44.29%.

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $71.2857.

A number of research analysts recently commented on the company. Wall Street Zen raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Stifel Nicolaus increased their target price on CSG Systems International from $66.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wolfe Research assumed coverage on CSG Systems International in a research note on Tuesday, July 8th. They issued a "peer perform" rating on the stock. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of CSG Systems International in a research note on Wednesday, October 8th.

Institutional Trading of CSG Systems International

Several institutional investors have recently added to or reduced their stakes in the business. LSV Asset Management boosted its position in CSG Systems International by 6.0% during the first 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 during the period. Fuller & Thaler Asset Management Inc. boosted its position 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 buying an additional 216,128 shares during the period. Bank of New York Mellon Corp boosted its position in 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 buying an additional 7,908 shares during the period. Hennessy Advisors Inc. purchased a new stake in CSG Systems International during the second quarter valued at about $10,859,000. Finally, Lazard Asset Management LLC boosted its position in CSG Systems International by 75.7% during the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company's stock valued at $9,512,000 after buying an additional 62,763 shares during the period. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Trading Up 1.1%

CSG Systems International stock opened at $63.68 on Tuesday. The stock has a market cap of $1.83 billion, a P/E ratio of 22.03, a PEG ratio of 1.63 and a beta of 0.92. CSG Systems International has a fifty-two week low of $46.17 and a fifty-two week high of $67.60. The firm's fifty day moving average price is $64.12 and its 200-day moving average price is $63.06. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.56 and a current ratio of 1.56.

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

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 19th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 2.0%. The ex-dividend date was Friday, September 19th. CSG Systems International's dividend payout ratio is presently 44.29%.

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.

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