CSG Systems International, Inc. (NASDAQ:CSGS) Receives $72.43 Average Target Price from Brokerages

CSG Systems International, Inc. (NASDAQ:CSGS) has been assigned a consensus rating of “Hold” from the ten research firms that are covering the company, MarketBeat Ratings reports. Nine research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $72.4250.

Separately, Weiss Ratings lowered shares of CSG Systems International from a “buy (b)” rating to a “hold (c+)” rating in a research note on Monday, February 23rd.

Institutional Investors Weigh In On CSG Systems International

A number of hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in shares of CSG Systems International by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 478,663 shares of the technology company’s stock valued at $31,261,000 after buying an additional 7,908 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of CSG Systems International by 28.7% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 377,361 shares of the technology company’s stock worth $24,295,000 after buying an additional 84,240 shares during the last quarter. Defiance ETFs LLC bought a new stake in shares of CSG Systems International in the fourth quarter worth $11,874,000. Water Island Capital LLC bought a new stake in shares of CSG Systems International in the fourth quarter worth $11,559,000. Finally, Lazard Asset Management LLC increased its position in CSG Systems International by 75.7% during the second quarter. Lazard Asset Management LLC now owns 145,650 shares of the technology company’s stock valued at $9,512,000 after acquiring an additional 62,763 shares during the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.

CSG Systems International Trading Up 0.3%

CSG Systems International stock opened at $79.73 on Friday. CSG Systems International has a one year low of $54.65 and a one year high of $80.67. The business’s fifty day moving average is $79.74 and its 200 day moving average is $74.75. The stock has a market capitalization of $2.27 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 1.88 and a beta of 0.87. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.44 and a quick ratio of 1.44.

CSG Systems International (NASDAQ:CSGS) last issued its earnings results on Wednesday, February 4th. The technology company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.20. The business had revenue of $323.09 million during the quarter, compared to analyst estimates of $296.25 million. CSG Systems International had a return on equity of 36.85% and a net margin of 4.57%. On average, sell-side analysts predict that CSG Systems International will post 3.83 EPS for the current year.

CSG Systems International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Wednesday, March 18th will be issued a $0.34 dividend. This is an increase from CSG Systems International’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, March 18th. CSG Systems International’s dividend payout ratio is 68.34%.

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.