CSG Systems International, Inc. (NASDAQ:CSGS) Receives Average Rating of “Hold” from Analysts

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $73.8143.

A number of equities research analysts have recently issued reports on CSGS shares. Oppenheimer cut shares of CSG Systems International to a “market perform” rating in a research report on Wednesday, October 29th. William Blair cut shares of CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada lowered shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and increased their target price for the stock from $72.00 to $80.70 in a research report on Wednesday, October 29th. Wall Street Zen cut CSG Systems International from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Benchmark lowered CSG Systems International from a “buy” rating to a “hold” rating in a research note on Wednesday, October 29th.

Institutional Investors Weigh In On CSG Systems International

Large investors have recently bought and sold shares of the company. Foster Dykema Cabot & Partners LLC bought a new position in CSG Systems International in the 3rd quarter valued at about $25,000. Covestor Ltd increased its stake in CSG Systems International by 30.9% in the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock valued at $35,000 after acquiring an additional 129 shares during the last quarter. GAMMA Investing LLC increased its stake in CSG Systems International by 35.0% in the second quarter. GAMMA Investing LLC now owns 848 shares of the technology company’s stock valued at $55,000 after acquiring an additional 220 shares during the last quarter. TD Private Client Wealth LLC raised its position in CSG Systems International by 18.4% during the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock valued at $164,000 after purchasing an additional 390 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in CSG Systems International during the second quarter worth $240,000. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Price Performance

NASDAQ:CSGS opened at $76.76 on Friday. The company has a market cap of $2.19 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.82 and a beta of 0.89. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.50 and a quick ratio of 1.50. CSG Systems International has a one year low of $49.23 and a one year high of $79.20. The firm’s fifty day moving average price is $77.24 and its two-hundred day moving average price is $68.62.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, November 5th. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $303.62 million during the quarter, compared to the consensus estimate of $278.76 million. CSG Systems International had a net margin of 6.85% and a return on equity of 42.54%. Equities analysts expect that CSG Systems International will post 3.83 earnings per share for the current year.

CSG Systems International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Monday, December 22nd will be given a $0.32 dividend. The ex-dividend date is Monday, December 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. CSG Systems International’s dividend payout ratio (DPR) is presently 43.39%.

CSG Systems International Company Profile

CSG Systems International (NASDAQ: CSGS) is a global provider of business support systems and digital monetization solutions designed for communications and media service providers. Headquartered in Englewood, Colorado, the company delivers a suite of subscription billing, customer care, revenue management and digital commerce offerings that enable operators to launch, manage and monetize connectivity, entertainment and IoT services. CSG’s software platforms are built to support high-volume transaction processing, real-time rating and modern customer engagement capabilities.

Since its incorporation in 1982, CSG has expanded its footprint across North America, Latin America, Europe, the Middle East, Africa and the Asia-Pacific region.