CSG Systems International, Inc. (NASDAQ:CSGS) Receives Average Rating of "Hold" from Brokerages

Key Points

• The stock has an average analyst recommendation of "Hold" (eight holds, one buy) with a 12‑month target of $77.23, and Weiss Ratings recently downgraded CSG from buy to hold.
• CSG beat expectations last quarter, reporting $1.53 EPS vs. $1.33 expected and $323.09M revenue vs. $296.25M, with a strong return on equity of 36.85%.
• The company raised its quarterly dividend to $0.34 (annualized $1.36, ~1.7% yield) and is largely held by institutions, which own about 91.07% of the shares.

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has received an average recommendation of "Hold" from the nine research firms that are presently covering the firm, Marketbeat.com reports. Eight research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $77.2333.

Separately, Weiss Ratings cut shares of CSG Systems International from a "buy (b)" rating to a "hold (c+)" rating in a research note on Monday, February 23rd.

CSG Systems International Price Performance

Shares of CSG Systems International stock opened at $80.40 on Friday. The firm has a fifty day simple moving average of $80.05 and a 200-day simple moving average of $77.94. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 1.90. CSG Systems International has a 1-year low of $59.50 and a 1-year high of $80.67. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 2.06 and a beta of 0.81.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.33 by $0.20. CSG Systems International had a net margin of 4.57% and a return on equity of 36.85%. The business had revenue of $323.09 million during the quarter, compared to analysts' expectations of $296.25 million. On average, sell-side analysts expect that CSG Systems International will post 3.91 earnings per share for the current year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Wednesday, March 18th were paid a $0.34 dividend. The ex-dividend date was Wednesday, March 18th. This is a positive change from CSG Systems International's previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a dividend yield of 1.7%. CSG Systems International's dividend payout ratio is 68.34%.

Institutional Investors Weigh In On CSG Systems International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Foster Dykema Cabot & Partners LLC acquired a new stake in shares of CSG Systems International in the third quarter worth $25,000. Covestor Ltd grew its stake in shares of CSG Systems International by 30.9% in the third quarter. Covestor Ltd now owns 547 shares of the technology company's stock worth $35,000 after acquiring an additional 129 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of CSG Systems International by 98.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 738 shares of the technology company's stock worth $57,000 after acquiring an additional 367 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of CSG Systems International by 108.0% in the fourth quarter. Farther Finance Advisors LLC now owns 853 shares of the technology company's stock worth $65,000 after acquiring an additional 443 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of CSG Systems International by 26.5% in the fourth quarter. GAMMA Investing LLC now owns 1,003 shares of the technology company's stock worth $77,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company's stock.

CSG Systems International Company Profile

CSG Systems International NASDAQ: CSGS is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG's software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.

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