Northland Capmk Brokers Raise Earnings Estimates for CSG Systems International, Inc. (NASDAQ:CSGS)

CSG Systems International, Inc. (NASDAQ:CSGS) – Northland Capmk increased their Q2 2024 earnings per share (EPS) estimates for CSG Systems International in a report released on Tuesday, April 23rd. Northland Capmk analyst N. Chokshi now anticipates that the technology company will post earnings of $0.77 per share for the quarter, up from their previous forecast of $0.70. The consensus estimate for CSG Systems International’s current full-year earnings is $3.26 per share. Northland Capmk also issued estimates for CSG Systems International’s FY2025 earnings at $3.18 EPS.

A number of other brokerages 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 dropped their price target on CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $63.00 price target on shares of CSG Systems International in a research note on Thursday, February 8th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

CSG Systems International Stock Performance

Shares of CSG Systems International stock opened at $48.06 on Thursday. The company has a market capitalization of $1.41 billion, a PE ratio of 21.95, a P/E/G ratio of 1.53 and a beta of 0.82. The company has a debt-to-equity ratio of 1.96, a quick ratio of 1.54 and a current ratio of 1.54. The company has a 50-day simple moving average of $51.07 and a two-hundred day simple moving average of $51.26. CSG Systems International has a one year low of $45.27 and a one year high of $69.35.

CSG Systems International (NASDAQ:CSGS) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The business had revenue of $273.36 million during the quarter, compared to the consensus estimate of $273.92 million. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%.

Institutional Investors Weigh In On CSG Systems International

A number of large investors have recently bought and sold shares of the company. New York State Teachers Retirement System boosted its position in 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 valued at $3,523,000 after buying an additional 2,524 shares during the last quarter. Boston Trust Walden Corp boosted its position in 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 valued at $44,281,000 after buying an additional 8,395 shares during the last quarter. SG Americas Securities LLC boosted its position in CSG Systems International by 112.4% in the third quarter. SG Americas Securities LLC now owns 26,653 shares of the technology company’s stock valued at $1,363,000 after buying an additional 14,104 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in CSG Systems International by 48.6% in the fourth quarter. BNP Paribas Financial Markets now owns 44,905 shares of the technology company’s stock valued at $2,389,000 after acquiring an additional 14,682 shares during the period. Finally, Bahl & Gaynor Inc. lifted its holdings in CSG Systems International by 5.0% in the fourth quarter. Bahl & Gaynor Inc. now owns 508,748 shares of the technology company’s stock valued at $27,070,000 after acquiring an additional 24,385 shares during the period. Hedge funds and other institutional investors own 91.07% of the company’s stock.

CSG Systems International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 dividend on an annualized basis and a yield of 2.50%. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.28. CSG Systems International’s dividend payout ratio is currently 54.79%.

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.