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

Key Points

• CSG Systems International, Inc. has a consensus rating of "Moderate Buy" from nine brokerages, with an average 1-year price target of $70.71.
• The company reported earnings of $1.14 EPS for the last quarter, exceeding the consensus estimate by $0.14, although revenue slightly missed expectations.
• CSG Systems International declared a quarterly dividend of $0.32, which represents an annualized yield of 2.05% and a payout ratio of 43.69%.

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 stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $70.71.

Several research analysts have weighed in on CSGS shares. Wolfe Research started coverage on CSG Systems International in a research note on Tuesday, July 8th. They issued a "peer perform" rating for the company. Wells Fargo & Company decreased their price objective on 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. Sidoti raised CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Finally, Wall Street Zen raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th.

Hedge Funds Weigh In On CSG Systems International

Hedge funds have recently bought and sold shares of the business. USA Financial Formulas bought a new position in CSG Systems International in the 1st quarter valued at $48,000. GAMMA Investing LLC grew its position in shares of CSG Systems International by 35.0% during the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company's stock worth $55,000 after buying an additional 220 shares in the last quarter. TD Private Client Wealth LLC grew its position in shares of CSG Systems International by 21.3% during the 1st quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock worth $128,000 after buying an additional 373 shares in the last quarter. Praxis Investment Management Inc. bought a new position in shares of CSG Systems International during the 1st quarter worth $206,000. Finally, SG Americas Securities LLC bought a new position in shares of CSG Systems International during the 1st quarter worth $315,000. Institutional investors own 91.07% of the company's stock.

CSG Systems International Price Performance

NASDAQ:CSGS traded down $1.69 during trading hours on Thursday, hitting $60.77. 201,135 shares of the stock traded hands, compared to its average volume of 228,057. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.90. CSG Systems International has a 1 year low of $42.47 and a 1 year high of $67.60. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 1.57 and a beta of 0.90. The stock has a 50 day moving average price of $63.77 and a 200 day moving average price of $61.91.

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

CSG Systems International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Wednesday, June 18th. CSG Systems International's dividend 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.