CSG Systems International, Inc. (NASDAQ:CSGS) Receives $71.29 Average Price Target from Analysts

Key Points

• CSG Systems International has received a consensus rating of "Moderate Buy" from nine analysts, with six recommending buy and one a strong buy, and the average 1-year price target is $71.29.
• The company recently reported earnings of $1.16 per share, exceeding estimates of $1.04, and a revenue of $271.26 million, reflecting a 2.3% increase from the previous year.
• CSG Systems International also declared a quarterly dividend of $0.32, resulting in an annual yield of 2.0%, with the payout ratio standing at 44.29%.

Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) have received an average recommendation of "Moderate Buy" from the nine brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $71.2857.

Several analysts have issued reports on the company. Stifel Nicolaus boosted their price objective on CSG Systems International from $66.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Sidoti upgraded CSG Systems International to a "strong-buy" rating in a report on Monday, May 19th. Wall Street Zen upgraded CSG Systems International from a "buy" rating to a "strong-buy" rating in a report on Sunday, June 29th. Finally, Wolfe Research assumed coverage on CSG Systems International in a report on Tuesday, July 8th. They set a "peer perform" rating on the stock.

Institutional Trading of CSG Systems International

A number of hedge funds and other institutional investors have recently made changes to their positions in CSGS. USA Financial Formulas acquired a new stake in shares of CSG Systems International during the first quarter worth about $48,000. GAMMA Investing LLC grew its holdings in CSG Systems International by 35.0% in the 2nd quarter. GAMMA Investing LLC now owns 848 shares of the technology company's stock valued at $55,000 after buying an additional 220 shares in the last quarter. TD Private Client Wealth LLC raised its stake in 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 valued at $128,000 after purchasing an additional 373 shares in the last quarter. Praxis Investment Management Inc. bought a new stake in shares of CSG Systems International during the 1st quarter worth $206,000. Finally, Jump Financial LLC bought a new stake in shares of CSG Systems International during the 2nd quarter worth $240,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Price Performance

CSG Systems International stock traded up $0.49 during midday trading on Monday, hitting $64.16. The company's stock had a trading volume of 172,839 shares, compared to its average volume of 279,981. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 1.85. The stock's 50-day moving average price is $63.19 and its 200-day moving average price is $62.57. CSG Systems International has a 12 month low of $44.57 and a 12 month high of $67.60. The company has a market capitalization of $1.85 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.66 and a beta of 0.90.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 EPS for the quarter, topping the consensus estimate of $1.04 by $0.12. CSG Systems International had a net margin of 6.78% and a return on equity of 40.48%. The firm had revenue of $271.26 million for the quarter, compared to analysts' expectations of $267.41 million. During the same period in the previous year, the business earned $1.02 earnings per share. CSG Systems International's revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current fiscal year.

CSG Systems International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 19th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. CSG Systems International's dividend payout ratio is presently 44.29%.

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.