CSG Systems International, Inc. (NASDAQ:CSGS) Receives $63.00 Consensus Target Price from Brokerages

Shares of CSG Systems International, Inc. (NASDAQ:CSGS) have earned a consensus rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $63.00.

A number of research analysts have issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $63.00 target price on shares of CSG Systems International in a research report on Thursday, February 8th. Wells Fargo & Company cut their price target on shares of CSG Systems International from $53.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 8th. Finally, Royal Bank of Canada assumed coverage on shares of CSG Systems International in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $61.00 price target on the stock.

Institutional Trading of CSG Systems International

Several hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its stake in shares of CSG Systems International by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 523,227 shares of the technology company’s stock worth $33,262,000 after acquiring an additional 22,220 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of CSG Systems International by 52.3% during the 1st quarter. MetLife Investment Management LLC now owns 16,943 shares of the technology company’s stock worth $1,077,000 after acquiring an additional 5,817 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of CSG Systems International by 3.8% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,147,476 shares of the technology company’s stock worth $72,945,000 after acquiring an additional 42,139 shares in the last quarter. Willis Investment Counsel grew its stake in shares of CSG Systems International by 47.7% during the 1st quarter. Willis Investment Counsel now owns 33,575 shares of the technology company’s stock worth $2,134,000 after acquiring an additional 10,839 shares in the last quarter. Finally, Credit Suisse AG grew its stake in shares of CSG Systems International by 6.1% during the 2nd quarter. Credit Suisse AG now owns 32,800 shares of the technology company’s stock worth $1,957,000 after acquiring an additional 1,896 shares in the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

CSG Systems International Stock Down 1.3 %

Shares of NASDAQ:CSGS opened at $47.54 on Thursday. CSG Systems International has a 12 month low of $45.27 and a 12 month high of $69.35. The company’s 50-day moving average price is $51.65 and its two-hundred day moving average price is $51.44. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 1.96. The firm has a market cap of $1.40 billion, a P/E ratio of 21.71, a P/E/G ratio of 1.48 and a beta of 0.82.

CSG Systems International (NASDAQ:CSGS) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. CSG Systems International had a net margin of 5.67% and a return on equity of 27.67%. The firm had revenue of $273.36 million for the quarter, compared to analyst estimates of $273.92 million. As a group, research analysts forecast that CSG Systems International will post 3.26 EPS for the current fiscal year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.30 per share. This is an increase from CSG Systems International’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 2.52%. The ex-dividend date was Thursday, March 14th. CSG Systems International’s dividend payout ratio (DPR) is 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.