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

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has received an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $70.71.

CSGS has been the topic of several recent research reports. Cantor Fitzgerald upped their price target on CSG Systems International from $64.00 to $72.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Stifel Nicolaus increased their target price on CSG Systems International from $60.00 to $66.00 and gave the stock a "buy" rating in a research note on Thursday, February 6th. StockNews.com cut CSG Systems International from a "strong-buy" rating to a "buy" rating in a research note on Thursday, February 6th. Northland Securities reissued an "outperform" rating and issued a $80.00 target price (up from $78.00) on shares of CSG Systems International in a research note on Thursday, February 6th. Finally, Wells Fargo & Company cut their target price on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd.

CSG Systems International Stock Performance

Shares of CSGS stock opened at $65.63 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 1.58 and a current ratio of 1.46. CSG Systems International has a fifty-two week low of $39.56 and a fifty-two week high of $67.60. The stock has a 50 day moving average price of $60.55 and a two-hundred day moving average price of $57.61. The company has a market capitalization of $1.90 billion, a P/E ratio of 21.59, a PEG ratio of 1.68 and a beta of 0.87.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.14. The company had revenue of $271.55 million during the quarter, compared to the consensus estimate of $274.10 million. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.01 earnings per share. Analysts expect that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th were paid a dividend of $0.32 per share. This is a positive change from CSG Systems International's previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Wednesday, March 19th. CSG Systems International's dividend payout ratio (DPR) is currently 43.69%.

Insider Buying and Selling at CSG Systems International

In other CSG Systems International news, Director Ronald Cooper sold 9,000 shares of CSG Systems International stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $66.62, for a total transaction of $599,580.00. Following the completion of the sale, the director now directly owns 41,561 shares of the company's stock, valued at $2,768,793.82. The trade was a 17.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CSGS. USA Financial Formulas acquired a new position in CSG Systems International during the 1st quarter valued at about $48,000. Independence Bank of Kentucky acquired a new position in CSG Systems International during the 4th quarter valued at about $80,000. TD Private Client Wealth LLC grew its stake in 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 valued at $128,000 after purchasing an additional 373 shares during the last quarter. Praxis Investment Management Inc. purchased a new stake in CSG Systems International during the 1st quarter valued at about $206,000. Finally, SG Americas Securities LLC purchased a new stake in CSG Systems International during the 1st quarter valued at about $315,000. 91.07% of the stock is owned by institutional investors.

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.

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