CSG Systems International (NASDAQ:CSGS) Given New $58.00 Price Target at Royal Bank of Canada

CSG Systems International (NASDAQ:CSGS) had its price objective lifted by Royal Bank of Canada from $52.00 to $58.00 in a report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the technology company’s stock.

CSGS has been the topic of several other research reports. Benchmark reiterated a “buy” rating and set a $75.00 target price on shares of CSG Systems International in a research report on Tuesday. Cantor Fitzgerald boosted their target price on CSG Systems International from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. StockNews.com raised shares of CSG Systems International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of CSG Systems International from $43.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $61.60.

CSG Systems International Stock Performance

Shares of CSG Systems International stock traded down $0.35 on Thursday, hitting $55.58. The stock had a trading volume of 375,746 shares, compared to its average volume of 268,823. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 25.23, a P/E/G ratio of 1.39 and a beta of 0.82. CSG Systems International has a 52-week low of $39.56 and a 52-week high of $57.15. The company’s 50 day moving average price is $47.94 and its 200 day moving average price is $45.15. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 1.95.

CSG Systems International (NASDAQ:CSGS) last posted its quarterly earnings data on Wednesday, August 7th. The technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.91 by $0.11. CSG Systems International had a return on equity of 33.18% and a net margin of 5.53%. The firm had revenue of $290.30 million during the quarter, compared to the consensus estimate of $269.60 million. During the same period in the prior year, the business earned $0.61 EPS. The firm’s revenue was up 1.4% compared to the same quarter last year. On average, research analysts anticipate that CSG Systems International will post 3.43 EPS for the current year.

CSG Systems International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. CSG Systems International’s dividend payout ratio (DPR) is presently 54.05%.

Institutional Trading of CSG Systems International

Several large investors have recently added to or reduced their stakes in CSGS. Bank of New York Mellon Corp lifted its holdings in CSG Systems International by 30.5% in the second quarter. Bank of New York Mellon Corp now owns 744,837 shares of the technology company’s stock worth $30,665,000 after purchasing an additional 173,944 shares during the period. Boston Trust Walden Corp grew its stake in shares of CSG Systems International by 18.9% in the 2nd quarter. Boston Trust Walden Corp now owns 983,688 shares of the technology company’s stock valued at $40,498,000 after buying an additional 156,222 shares in the last quarter. Delphi Management Inc. MA bought a new position in CSG Systems International during the first quarter valued at approximately $1,599,000. LSV Asset Management grew its position in CSG Systems International by 2.1% in the first quarter. LSV Asset Management now owns 1,438,395 shares of the technology company’s stock worth $74,135,000 after acquiring an additional 29,723 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of CSG Systems International by 116.2% in the 1st quarter. Lazard Asset Management LLC now owns 53,332 shares of the technology company’s stock valued at $2,748,000 after purchasing an additional 28,666 shares during the last quarter. 91.07% of the stock is currently owned by institutional investors and hedge funds.

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.