CSG Systems International (NASDAQ:CSGS) Price Target Raised to $66.00 at Stifel Nicolaus

CSG Systems International (NASDAQ:CSGS) had its price objective lifted by Stifel Nicolaus from $60.00 to $66.00 in a report released on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other brokerages have also recently weighed in on CSGS. StockNews.com cut CSG Systems International from a “strong-buy” rating to a “buy” rating in a report on Thursday. Northland Securities restated an “outperform” rating and set a $80.00 price objective (up previously from $78.00) on shares of CSG Systems International in a research note on Thursday. Benchmark restated a “buy” rating and set a $75.00 price objective on shares of CSG Systems International in a research note on Tuesday, November 5th. Wells Fargo & Company boosted their price objective on CSG Systems International from $51.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Cantor Fitzgerald boosted their price objective on CSG Systems International from $64.00 to $72.00 and gave the stock an “overweight” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CSG Systems International presently has a consensus rating of “Moderate Buy” and an average price target of $71.17.

CSG Systems International Price Performance

Shares of CSG Systems International stock opened at $65.06 on Thursday. CSG Systems International has a twelve month low of $39.56 and a twelve month high of $65.53. The stock has a market capitalization of $1.89 billion, a P/E ratio of 28.66, a PEG ratio of 1.61 and a beta of 0.89. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 1.84. The business’s fifty day moving average price is $53.54 and its 200 day moving average price is $50.23.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 5th. The technology company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.20. CSG Systems International had a return on equity of 32.77% and a net margin of 5.52%. As a group, research analysts anticipate that CSG Systems International will post 3.44 earnings per share for the current year.

CSG Systems International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 19th will be issued a $0.32 dividend. This is a positive change from CSG Systems International’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.97%. The ex-dividend date is Wednesday, March 19th. CSG Systems International’s payout ratio is currently 52.86%.

Institutional Trading of CSG Systems International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Independence Bank of Kentucky bought a new stake in CSG Systems International in the fourth quarter valued at about $80,000. TD Private Client Wealth LLC grew its holdings in shares of CSG Systems International by 38.0% during the third quarter. TD Private Client Wealth LLC now owns 2,128 shares of the technology company’s stock valued at $104,000 after purchasing an additional 586 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of CSG Systems International during the third quarter valued at approximately $294,000. Handelsbanken Fonder AB grew its holdings in shares of CSG Systems International by 15.9% during the fourth quarter. Handelsbanken Fonder AB now owns 8,030 shares of the technology company’s stock valued at $410,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. grew its holdings in shares of CSG Systems International by 39.8% during the third quarter. Cornercap Investment Counsel Inc. now owns 10,538 shares of the technology company’s stock valued at $513,000 after purchasing an additional 3,001 shares during the last quarter. 91.07% of the stock is owned by institutional investors.

About CSG Systems International

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.