CSG Systems International (NASDAQ:CSGS - Free Report) had its price target lowered by Cantor Fitzgerald from $63.00 to $62.00 in a research report report published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the technology company's stock.
Several other research analysts have also recently commented on CSGS. Royal Bank of Canada began coverage on shares of CSG Systems International in a report on Wednesday, March 27th. They issued an outperform rating and a $61.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of CSG Systems International from $50.00 to $48.00 and set an equal weight rating on the stock in a research note on Thursday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, CSG Systems International has a consensus rating of Moderate Buy and a consensus target price of $62.50.
Read Our Latest Analysis on CSG Systems International
CSG Systems International Stock Performance
Shares of CSGS stock traded down $3.78 during trading hours on Thursday, reaching $42.04. The stock had a trading volume of 1,183,625 shares, compared to its average volume of 286,861. The firm has a 50-day simple moving average of $50.74 and a 200-day simple moving average of $51.16. The firm has a market capitalization of $1.23 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.45 and a beta of 0.83. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.54 and a quick ratio of 1.54. CSG Systems International has a twelve month low of $41.52 and a twelve month high of $69.35.
CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.67 by $0.04. The firm had revenue of $273.36 million during the quarter, compared to analyst estimates of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. As a group, equities analysts forecast that CSG Systems International will post 3.26 earnings per share for the current year.
CSG Systems International Increases Dividend
The firm also recently announced 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 yield of 2.85%. This is a boost from CSG Systems International's previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, March 14th. CSG Systems International's dividend payout ratio is presently 54.79%.
Institutional Trading of CSG Systems International
A number of large investors have recently bought and sold shares of CSGS. BNP Paribas Financial Markets lifted its holdings in shares of CSG Systems International by 48.6% during the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company's stock worth $2,389,000 after buying an additional 14,682 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of CSG Systems International by 3.8% in the third quarter. New York State Teachers Retirement System now owns 68,910 shares of the technology company's stock worth $3,523,000 after purchasing an additional 2,524 shares during the period. Bahl & Gaynor Inc. increased its position in shares of CSG Systems International by 8.1% in the third quarter. Bahl & Gaynor Inc. now owns 484,363 shares of the technology company's stock worth $24,761,000 after purchasing an additional 36,488 shares during the period. Boston Trust Walden Corp increased its position in shares of CSG Systems International by 1.0% in the fourth quarter. Boston Trust Walden Corp now owns 832,194 shares of the technology company's stock worth $44,281,000 after purchasing an additional 8,395 shares during the period. Finally, LSV Asset Management grew its position in 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 acquiring an additional 134,531 shares during the last quarter. 91.07% of the stock is owned by institutional investors.
About CSG Systems International
(
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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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