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

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have received an average recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat reports. Eight equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $73.8143.

CSGS has been the topic of several analyst reports. Oppenheimer lowered shares of CSG Systems International to a “market perform” rating in a report on Wednesday, October 29th. Royal Bank Of Canada lowered shares of CSG Systems International from an “outperform” rating to a “sector perform” rating and raised their price target for the stock from $72.00 to $80.70 in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CSG Systems International in a research note on Wednesday, October 8th. Sidoti lowered shares of CSG Systems International from a “buy” rating to a “hold” rating and set a $81.00 target price for the company. in a report on Wednesday, October 29th. Finally, William Blair cut CSG Systems International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th.

Institutional Trading of CSG Systems International

Several large investors have recently added to or reduced their stakes in CSGS. Foster Dykema Cabot & Partners LLC purchased a new stake in shares of CSG Systems International in the 3rd quarter worth about $25,000. Covestor Ltd increased its position in shares of CSG Systems International by 30.9% during the third quarter. Covestor Ltd now owns 547 shares of the technology company’s stock valued at $35,000 after buying an additional 129 shares during the period. GAMMA Investing LLC raised 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 worth $55,000 after buying an additional 220 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in CSG Systems International by 18.4% in the second quarter. TD Private Client Wealth LLC now owns 2,514 shares of the technology company’s stock worth $164,000 after buying an additional 390 shares during the period. Finally, Jump Financial LLC bought a new stake in CSG Systems International during the 2nd quarter valued at approximately $240,000. Institutional investors own 91.07% of the company’s stock.

CSG Systems International Trading Up 0.3%

Shares of CSGS stock opened at $79.76 on Thursday. The stock has a market capitalization of $2.27 billion, a PE ratio of 27.04, a P/E/G ratio of 1.88 and a beta of 0.89. CSG Systems International has a 1-year low of $52.94 and a 1-year high of $79.88. The business has a 50-day moving average of $77.87 and a 200 day moving average of $69.96. 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 (NASDAQ:CSGS) last announced its quarterly earnings results on Wednesday, November 5th. The technology company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.17 by $0.14. The business had revenue of $303.62 million for the quarter, compared to analysts’ expectations of $278.76 million. CSG Systems International had a return on equity of 42.54% and a net margin of 6.85%. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, January 6th. Stockholders of record on Monday, December 22nd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. CSG Systems International’s payout ratio is 43.39%.

About CSG Systems International

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.