CSG Systems International, Inc. (NASDAQ:CSGS) has received a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $50.50.
A number of analysts have commented on CSGS shares. Zacks Investment Research downgraded EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. BidaskClub downgraded Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th.
In other CSG Systems International news, Director Donald Reed sold 6,800 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $46.09, for a total transaction of $313,412.00. Following the sale, the director now directly owns 34,868 shares in the company, valued at $1,607,066.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.94% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC acquired a new position in shares of CSG Systems International in the first quarter worth $124,000. Wedge Capital Management L L P NC acquired a new position in shares of CSG Systems International in the first quarter worth $212,000. Oak Associates Ltd. OH acquired a new position in shares of CSG Systems International in the first quarter worth $222,000. Raymond James Trust N.A. acquired a new position in shares of CSG Systems International in the first quarter worth $223,000. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of CSG Systems International by 5.1% in the first quarter. Piedmont Investment Advisors Inc. now owns 8,333 shares of the technology company’s stock worth $352,000 after acquiring an additional 404 shares during the last quarter. 98.44% of the stock is owned by institutional investors.
Shares of CSG Systems International stock traded up $0.42 during trading on Monday, reaching $48.82. The company’s stock had a trading volume of 138,245 shares, compared to its average volume of 186,860. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.14. CSG Systems International has a 12-month low of $30.40 and a 12-month high of $49.86. The firm has a market capitalization of $1.62 billion, a P/E ratio of 18.70 and a beta of 1.05. The business’s 50 day simple moving average is $47.30.
CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.06). CSG Systems International had a net margin of 7.77% and a return on equity of 24.90%. The business had revenue of $227.66 million during the quarter, compared to analysts’ expectations of $225.95 million. During the same quarter last year, the firm earned $0.69 earnings per share. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. Analysts predict that CSG Systems International will post 2.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Shareholders of record on Tuesday, June 4th were given a dividend of $0.222 per share. The ex-dividend date was Monday, June 3rd. This represents a $0.89 dividend on an annualized basis and a yield of 1.82%. CSG Systems International’s payout ratio is 34.10%.
About CSG Systems International
CSG Systems International, Inc provides business support solutions primarily to the communications industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers revenue management and digital monetization solutions, including Advanced Convergent Platform, a pre-integrated hybrid cloud-based platform; and Ascendon, Singleview, Total Service Mediation, and Wholesale Business Management Solution platforms.
Featured Story: Average Daily Trade Volume – ADTV
Receive News & Ratings for CSG Systems International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CSG Systems International and related companies with MarketBeat.com's FREE daily email newsletter.