Shares of CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) traded down 3.7% during trading on Tuesday . The stock traded as low as $63.33 and last traded at $63.90. 126,257 shares traded hands during trading, a decline of 51% from the average session volume of 255,194 shares. The stock had previously closed at $66.33.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CSGS. Northland Securities reiterated an "outperform" rating and issued a $80.00 price objective (up from $78.00) on shares of CSG Systems International in a report on Thursday, February 6th. Wells Fargo & Company reduced their price objective on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. Cantor Fitzgerald increased their price objective on CSG Systems International from $64.00 to $72.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Jefferies Financial Group began coverage on CSG Systems International in a research report on Friday, February 21st. They set a "buy" rating and a $75.00 target price for the company. Finally, Stifel Nicolaus raised their price target on CSG Systems International from $60.00 to $66.00 and gave the company a "buy" rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CSG Systems International presently has an average rating of "Buy" and a consensus target price of $70.71.
Check Out Our Latest Report on CSGS
CSG Systems International Price Performance
The company has a quick ratio of 1.58, a current ratio of 1.46 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.68 and a beta of 0.87. The company's 50 day moving average is $61.55 and its 200 day moving average is $58.71.
CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. CSG Systems International had a return on equity of 39.42% and a net margin of 7.25%. 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 prior year, the firm earned $1.01 EPS. The business's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts anticipate that CSG Systems International, Inc. will post 3.83 earnings per share for the current fiscal year.
CSG Systems International Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 2nd. Investors 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 dividend yield of 2.03%. CSG Systems International's payout ratio is 43.69%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of CSGS. Hillsdale Investment Management Inc. purchased a new stake in shares of CSG Systems International during the 4th quarter valued at approximately $4,222,000. Advisors Preferred LLC bought a new stake in shares of CSG Systems International during the 4th quarter valued at $1,300,000. River Road Asset Management LLC boosted its stake in CSG Systems International by 18.7% in the 4th quarter. River Road Asset Management LLC now owns 104,783 shares of the technology company's stock worth $5,355,000 after purchasing an additional 16,519 shares during the period. Martingale Asset Management L P grew its stake in CSG Systems International by 32.0% during the fourth quarter. Martingale Asset Management L P now owns 23,492 shares of the technology company's stock valued at $1,201,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Amundi grew its position in shares of CSG Systems International by 1.0% during the 4th quarter. Amundi now owns 18,027 shares of the technology company's stock valued at $910,000 after purchasing an additional 179 shares in the last quarter. 91.07% of the stock is owned by institutional investors.
CSG Systems International Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider CSG Systems International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CSG Systems International wasn't on the list.
While CSG Systems International currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
