CSG Systems International, Inc. (NASDAQ:CSGS) Receives $70.71 Average Price Target from Brokerages

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has been assigned an average rating of "Buy" from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $70.71.

CSGS has been the subject of a number of research reports. Sidoti raised shares of CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Wells Fargo & Company cut their price objective on shares of CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group began coverage on shares of CSG Systems International in a research note on Friday, February 21st. They issued a "buy" rating and a $75.00 price objective for the company.

CSG Systems International Price Performance

CSG Systems International stock traded down $1.99 during midday trading on Wednesday, reaching $63.07. 183,351 shares of the stock were exchanged, compared to its average volume of 254,798. The company's fifty day moving average is $62.35 and its 200-day moving average is $59.20. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. The firm has a market cap of $1.83 billion, a PE ratio of 20.75, a PEG ratio of 1.68 and a beta of 0.90. CSG Systems International has a 52 week low of $39.56 and a 52 week high of $67.60.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. CSG Systems International had a net margin of 7.25% and a return on equity of 39.42%. The business had revenue of $271.55 million during the quarter, compared to analysts' expectations of $274.10 million. During the same quarter in the previous year, the company earned $1.01 EPS. The business's quarterly revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts forecast that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.32 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.28 annualized dividend and a yield of 2.03%. CSG Systems International's payout ratio is currently 43.69%.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers boosted its position in CSG Systems International by 1.2% during the 1st quarter. Rhumbline Advisers now owns 79,976 shares of the technology company's stock valued at $4,836,000 after buying an additional 948 shares during the period. Uniplan Investment Counsel Inc. purchased a new stake in CSG Systems International during the 1st quarter valued at $1,886,000. Martingale Asset Management L P boosted its position in CSG Systems International by 31.4% during the 1st quarter. Martingale Asset Management L P now owns 30,860 shares of the technology company's stock valued at $1,866,000 after buying an additional 7,368 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in CSG Systems International by 18.9% during the 1st 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. Finally, LSV Asset Management boosted its position in CSG Systems International by 6.0% during the 1st 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. Hedge funds and other 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.