CSG Systems International (NASDAQ:CSGS) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Key Points

• Stifel Nicolaus has raised its price target for CSG Systems International from $66.00 to $70.00, indicating a potential upside of 9.40% from the current stock price.
• Analysts currently hold an average rating of "Buy" for CSG Systems International, with a consensus price target of $71.29.
• CSG Systems reported a quarterly earnings per share of $1.16, exceeding analyst expectations of $1.04, along with a year-over-year revenue increase of 2.3%.

CSG Systems International (NASDAQ:CSGS - Free Report) had its price objective lifted by Stifel Nicolaus from $66.00 to $70.00 in a report published on Friday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company's stock.

A number of other analysts have also commented on CSGS. Wells Fargo & Company decreased their price objective on CSG Systems International from $65.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Sidoti raised CSG Systems International to a "strong-buy" rating in a research note on Monday, May 19th. Wolfe Research began coverage on CSG Systems International in a research note on Tuesday, July 8th. They set a "peer perform" rating on the stock. Finally, Wall Street Zen raised CSG Systems International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, June 29th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $71.29.

CSG Systems International Price Performance

Shares of CSGS stock traded up $1.15 during mid-day trading on Friday, reaching $64.53. The stock had a trading volume of 341,456 shares, compared to its average volume of 269,060. CSG Systems International has a 12-month low of $44.57 and a 12-month high of $67.60. The company has a market cap of $1.87 billion, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 1.67 and a beta of 0.90. The business has a 50-day simple moving average of $63.51 and a 200 day simple moving average of $62.24. The company has a current ratio of 1.56, a quick ratio of 1.55 and a debt-to-equity ratio of 1.85.

CSG Systems International (NASDAQ:CSGS - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $1.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.04 by $0.12. CSG Systems International had a return on equity of 40.48% and a net margin of 6.78%. The business had revenue of $271.26 million during the quarter, compared to analysts' expectations of $267.41 million. During the same quarter last year, the business posted $1.02 earnings per share. The business's revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, June 18th. CSG Systems International's dividend payout ratio (DPR) is presently 43.69%.

Institutional Trading of CSG Systems International

Hedge funds have recently added to or reduced their stakes in the business. USA Financial Formulas acquired a new stake in CSG Systems International in the 1st quarter worth about $48,000. GAMMA Investing LLC lifted its stake in shares of 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 purchasing an additional 220 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of CSG Systems International by 21.3% in the 1st 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. acquired a new position in shares of CSG Systems International in the 1st quarter valued at about $206,000. Finally, SG Americas Securities LLC acquired a new position in shares of CSG Systems International in the 1st quarter valued at about $315,000. 91.07% of the stock is owned by institutional investors and hedge funds.

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.