Brokerages Set CSG Systems International, Inc. (NASDAQ:CSGS) Price Target at $70.71

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) have been assigned a consensus rating of "Buy" from the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $70.71.

A number of equities research analysts have weighed in on CSGS shares. Sidoti raised CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Finally, Wells Fargo & Company dropped their price objective on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd.

Hedge Funds Weigh In On CSG Systems International

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

CSG Systems International Stock Performance

Shares of CSGS traded up $0.27 during midday trading on Friday, reaching $66.03. 149,739 shares of the stock were exchanged, compared to its average volume of 254,711. The business's 50-day moving average price is $63.90 and its 200 day moving average price is $60.29. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.55 and a quick ratio of 1.55. CSG Systems International has a twelve month low of $39.86 and a twelve month high of $67.60. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 1.71 and a beta of 0.89.

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, beating the consensus estimate of $1.00 by $0.14. The firm had revenue of $271.55 million for the quarter, compared to analysts' expectations of $274.10 million. CSG Systems International had a return on equity of 39.79% and a net margin of 6.95%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.01 EPS. On average, sell-side analysts expect that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $1.28 annualized dividend and a yield of 1.94%. CSG Systems International's dividend payout ratio is currently 43.69%.

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.