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

CSG Systems International, Inc. (NASDAQ:CSGS - Get Free Report) has received an average rating of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $63.00.

A number of equities analysts have issued reports on CSGS shares. Wells Fargo & Company cut their target price on shares of CSG Systems International from $53.00 to $50.00 and set an "equal weight" rating on the stock in a report on Thursday, February 8th. StockNews.com raised CSG Systems International from a "hold" rating to a "buy" rating in a report on Friday, December 15th. Royal Bank of Canada assumed coverage on CSG Systems International in a report on Wednesday, March 27th. They set an "outperform" rating and a $61.00 price target on the stock. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $63.00 price target on shares of CSG Systems International in a report on Thursday, February 8th.

CSG Systems International Stock Performance

NASDAQ CSGS traded down $0.17 during trading hours on Thursday, reaching $48.47. The company's stock had a trading volume of 120,333 shares, compared to its average volume of 289,448. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 1.96. The business has a 50-day simple moving average of $51.62 and a 200 day simple moving average of $51.49. CSG Systems International has a 52 week low of $45.27 and a 52 week high of $69.35. The stock has a market cap of $1.42 billion, a PE ratio of 22.13, a PEG ratio of 1.52 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.04. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. The firm had revenue of $273.36 million for the quarter, compared to analysts' expectations of $273.92 million. Equities research analysts predict that CSG Systems International will post 3.26 earnings per share for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date was Thursday, March 14th. This is a positive change from CSG Systems International's previous quarterly dividend of $0.28. CSG Systems International's dividend payout ratio (DPR) is currently 54.79%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. LSV Asset Management increased its holdings in shares of CSG Systems International by 10.6% in the fourth quarter. LSV Asset Management now owns 1,408,672 shares of the technology company's stock valued at $74,955,000 after buying an additional 134,531 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of CSG Systems International by 3.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,147,476 shares of the technology company's stock worth $72,945,000 after purchasing an additional 42,139 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of CSG Systems International by 1.0% during the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company's stock valued at $44,281,000 after purchasing an additional 8,395 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of CSG Systems International by 3.2% in the 2nd quarter. Geode Capital Management LLC now owns 669,519 shares of the technology company's stock valued at $35,310,000 after purchasing an additional 20,858 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in CSG Systems International by 4.4% in the 1st quarter. Bank of New York Mellon Corp now owns 523,227 shares of the technology company's stock worth $33,262,000 after purchasing an additional 22,220 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company's stock.

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.