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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) have received an average recommendation of "Buy" from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has 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 1 year price objective among brokers that have updated their coverage on the stock in the last year is $70.71.

Several brokerages have recently issued reports on CSGS. Sidoti raised CSG Systems International to a "strong-buy" rating in a research report on Monday, May 19th. Wells Fargo & Company decreased 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. Finally, Jefferies Financial Group started coverage on CSG Systems International in a research report on Friday, February 21st. They set a "buy" rating and a $75.00 price objective for the company.

Institutional Investors Weigh In On CSG Systems International

Several institutional investors have recently made changes to their positions in CSGS. Amundi increased its stake in 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 purchasing an additional 179 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of CSG Systems International by 1.5% during the first quarter. Nisa Investment Advisors LLC now owns 17,943 shares of the technology company's stock valued at $1,091,000 after purchasing an additional 259 shares during the period. TD Private Client Wealth LLC grew its holdings in shares of CSG Systems International by 21.3% in the first quarter. TD Private Client Wealth LLC now owns 2,124 shares of the technology company's stock worth $128,000 after purchasing an additional 373 shares during the last quarter. USA Financial Formulas purchased a new position in CSG Systems International in the 1st quarter worth about $48,000. Finally, Rhumbline Advisers lifted its holdings 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 in the last quarter. Institutional investors own 91.07% of the company's stock.

CSG Systems International Price Performance

CSGS traded down $0.11 during trading on Wednesday, reaching $64.61. The stock had a trading volume of 423,982 shares, compared to its average volume of 255,334. The business has a 50-day moving average of $61.93 and a 200-day moving average of $59.04. CSG Systems International has a one year low of $39.56 and a one year high of $67.60. 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 stock has a market cap of $1.87 billion, a PE ratio of 21.25, a PEG ratio of 1.68 and a beta of 0.90.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 39.42% and a net margin of 7.25%. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the firm earned $1.01 earnings per share. As a group, equities research analysts anticipate that CSG Systems International will post 3.83 EPS for the current fiscal year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors of record on Wednesday, June 18th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, June 18th. CSG Systems International's payout ratio is 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.