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

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has received a consensus rating of "Moderate Buy" from the nine analysts that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $70.71.

A number of brokerages have recently weighed in on CSGS. Wells Fargo & Company dropped their price objective on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Wall Street Zen raised shares of CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Finally, Wolfe Research began coverage on shares of CSG Systems International in a report on Tuesday. They set a "peer perform" rating on the stock.

Institutional Trading of CSG Systems International

A number of hedge funds have recently modified their holdings of CSGS. Amundi boosted its stake in shares of CSG Systems International by 1.0% in the fourth quarter. Amundi now owns 18,027 shares of the technology company's stock worth $910,000 after buying an additional 179 shares during the last quarter. River Road Asset Management LLC boosted its stake in shares of CSG Systems International by 18.7% in the fourth quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock worth $5,355,000 after buying an additional 16,519 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of CSG Systems International in the fourth quarter worth about $4,222,000. KLP Kapitalforvaltning AS purchased a new stake in shares of CSG Systems International in the fourth quarter worth about $925,000. Finally, Martingale Asset Management L P boosted its stake in shares of CSG Systems International by 32.0% in the fourth quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company's stock worth $1,201,000 after buying an additional 5,700 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company's stock.

CSG Systems International Stock Up 0.1%

Shares of CSGS stock traded up $0.04 during trading hours on Friday, reaching $64.22. 133,094 shares of the company's stock were exchanged, compared to its average volume of 254,525. The stock's 50 day moving average is $64.18 and its 200-day moving average is $60.50. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 1.66 and a beta of 0.89. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.90. CSG Systems International has a fifty-two week low of $39.86 and a fifty-two week high of $67.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. The business had revenue of $271.55 million for the quarter, compared to the consensus estimate of $274.10 million. CSG Systems International had a return on equity of 39.79% and a net margin of 6.95%. The business's quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.01 earnings per share. Analysts predict that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 2nd. Stockholders of record on Wednesday, June 18th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.99%. CSG Systems International's payout ratio is 43.69%.

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.